Production News

 

Ghana: Tullow Oil's Jubilee Offshore Field Hits 100,000 Barrels per Day Mark

Jul 17, 2023

Oil company Tullow said Monday that production from its Jubilee oil field offshore Ghana had surpassed 100,000 barrels of oil per day, following the recent start-up of the Jubilee South East (JSE) Project.'Gross production from the field has surpassed 100…

Yinson to Acquire Atlanta FPSO, Activating 15-year Charter with Enauta

Jul 14, 2023

Brazilian oil company Enauta said Friday it had received a letter from the Malaysian FPSO company Yinson, notifying the exercise of an option to acquire FPSO Atlanta, through the purchase of all the shares of AFPS B.V., the platform owner company…

First Oil Flows from Jubilee South East Project Offshore Ghana

Jul 14, 2023

Oil and gas company Tullow said Friday that production had started from the Jubilee South East (JSE) Project, offshore Ghana.The first JSE production well has been brought onstream and a further two producers and one water injector are expected…

Optime Subsea Tests Wireless Comms System for Well Completion Operations

Jul 14, 2023

Norway-based Optime Subsea said Friday it had successfully tested and qualified a high-speed wireless communication system for the completion of subsea wells. 'The wireless communication system, part of Optime Subsea’s Remotely Operated Controls Systems (ROCS)…

Over 75% of Oil and Gas Production in US Gulf of Mexico Has Lower GHG Intensity than Average, Reports S&P Global

Jul 13, 2023

According to a new S&P Global Commodity Insights report, more than three-fourths of all oil and gas production in the United States Gulf of Mexico has a lower greenhouse gas (GHG) intensity than the basin-wide average. GHG intensity from shallow…

Ithaca Energy Takes Full Ownership of Fotla Discovery. Adds Three Offshore Blocks to Portfolio

Jul 13, 2023

UK North Sea-focused oil company Ithaca Energy has signed a deal to acquire a 40% stake in the Fotla Discovery it doesn't already own and three offshore exploration licenses from Spirit Energy.'The acquisition, which is subject to the satisfaction…

Woodside Returns Trinidad Offshore Exploration Block Found Uneconomic

Jul 13, 2023

Australia's Woodside Energy Group has returned a deepwater block to the Trinidad and Tobago government after an exploration appraisal found it would be uneconomic to develop, a company spokesperson said on Wednesday.Trinidad and Tobago is pushing…

Aker BP Raises Guidance after Q2 Profits Jump on Record Oil Production

Jul 13, 2023

Norwegian oil group Aker BP on Thursday reported a rise in second-quarter earnings that matched expectations as record production offset weaker prices for oil and gas, and lifted its full-year production outlook. Norway's second-largest listed oil company…

Azerbaijan Oil Output Declines 8% to 15.2 mln metric Tons in Jan-June

Jul 12, 2023

Azerbaijan's oil output was at 15.2 million metric tons between January and June, country's, energy minister Parviz Shahbazov said on Wednesday on Twitter, a decline of 8% from the year-earlier period.Production of oil in Azerbaijan has been…

Tseven Elise MOPU Starts Gas Production at Bayan Offshore Field in Malaysia

Jul 12, 2023

Gas production has started via Tanjung Offshore Services' Tseven Elise Mobile Offshore Production Unit (MOPU) at Petronas Carigali's Bayan field. The news was shared Wednesday by T7 Global, a parent company of Tanjung Offshore Services.In 2020…

Mexico's Pemex to Lose Some 100,000 bpd of Crude this Month after Deadly Platform Fire

Jul 12, 2023

Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said.The reduced production implies that…

Global Energy Demand to Rise 23% by 2045, OPEC Says

Jul 11, 2023

Global demand for all forms of energy is forecast to rise by 23% through 2045, OPEC Secretary General Haitham Al Ghais told a Nigerian oil and gas conference on Tuesday. Oil executives and officials from the Organization of the Petroleum Exporting…

Unite Ballots Petrofac Offshore Workers on Strike Action

Jul 10, 2023

Unite the union confirmed Friday that offshore workers employed by Petrofac Facilities Management Limited in the UK will be balloted on strike action.Around 80 Unite members contracted to work on Ithaca Energy’s FPF1 platform, Captain WPP, Captain floating production…

PetroNor: Output from Congo's PNGF Sud Field Grew to 30,330 bopd in 1H 2023

Jul 10, 2023

Oil and gas company PetroNor E&P said Monday that production from the Perenco-operated PNGF Sud field complex offshore the Republic of Congo (Congo Brazzaville), grew to 30,330 bopd in the first half of 2023.'This is equivalent to 5,105 bopd…

TotalEnergies and SOCAR Kickstart Production from Absheron Offshore Field

Jul 10, 2023

French oil major TotalEnergies and its partner SOCAR, Azerbaijan's national oil firm, have started production of the first phase of development of the Absheron gas and condensate field in the Caspian Sea, around 100 km south-east of Baku.This…

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