Mexican oil company Pemex estimates that a deadly fire on a major offshore platform off the southern edge of the Gulf of Mexico has led to the loss of 700,000 barrels of crude oil production so far, while one person remains missing, the CEO of the state company…
Valeura Energy said Friday it had temporarily suspended production operations at the Wassana oil field, offshore the Gulf of Thailand after the floating storage and offloading vessel (“FSO”) stationed at the field deviated from its intended…
A fire broke out early Friday morning at the Nohoch-A offshore platform run by Mexican state oil company Pemex at the Cantarell complex, a source at the company said.Pemex has sent four vessels to extinguish the fire and is preparing to receive potentially injured workers at a nearby hospital…
BW Offshore has today closed the transaction for the sale of the FPSO Sendje Berge in Nigeria to 'a local FPSO owner and operator' for $15 million. Following the transaction, the buyer has assumed responsibility for the operations of the FPSO Sendje Berge…
French oil firm TotalEnergies has said Thursday it had powered up two gas turbines at the Tyra field, almost one month ahead of schedule. 'This represents a crucial step in the final stages of the Tyra Redevelopment since the two active gas…
Norway's Equinor has paused production at its Oseberg East oil field in the North Sea due to staffing shortages, it said on Friday. 'We have temporarily shut down the field because of unplanned absences and illness from personnel with roles that are critical for production…
Finland-based Enersense said Friday it would deliver offshore steel structures for the Hugin A production platform to Aker Solutions in Norway.Aker Solutions has ordered steel structure modules (pre-assembled units) from Enersensefor the Hugin A production platform…
OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook later this month, predicting a slowdown from this year but still an above-average increase, sources close to OPEC said.OPEC's forecast…
A French court on Thursday declined to consider a case brought by a coalition of environmental groups and local authorities which was seeking an immediate halt to new oil and gas projects by TotalEnergies.The coalition launched legal action…
The bosses of global energy companies this week urged governments to shift the focus to limiting oil demand to reduce emissions, rather than pressuring producers to curb supply, which they say serves only to increase prices.Some western governments…
The Danish Energy Agency has launched a tender for the exploration and production of oil and gas at a new concession in the North Sea, it said in a statement on Thursday. The agency initiated the tender process following an unsolicited application…
Houston-based Third Coast Super Holdings has acquired an indirect 26.5% non-operated interest in the Perdido offshore platform in the U.S. Gulf of Mexico from ArcLight Energy Partners Fund VI, L.P., a private equity fund managed by ArcLight Capital Partners…
Oil production in Kazakhstan plummeted by around a fifth on July 4 to 1.46 million barrels per day from July 2, after the widespread power outages, official data from an analytical center at the energy ministry showed on Wednesday. Oil refining volumes fell by 46% on July 4 to 20…
Oil benchmark Brent fell on Wednesday, reversing some of the gains made after Saudi Arabia and Russia announced they would extend and deepen output cuts into August, as concerns over a global economic slowdown weighed on market sentiment. Brent was down 46 cents…
Italy's Eni aims to reduce its exposure to oil in favor of natural gas and non-fossil fuels in part through asset sales, the energy group's CEO Claudio Descalzi said on Tuesday. Speaking at the Rome presentation of a report by the International Renewable Energy Agency (IRENA)…
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