Production
News
June 28, 2022
The OPEC+ alliance is set for an easy meeting this week as it cruises to the conclusion of a two-year pact on oil supplies. The respite won’t last long.
News
June 27, 2022
French President Emmanuel Macron said that the United Arab Emirates’ ruler confided to him that OPEC’s two leading oil exporters are already pumping almost as much oil as they can.
News
June 24, 2022
BP paid tax on its UK North Sea business in 2021 for the first time in at least six years, according to the company’s latest payments to governments report.
News
June 09, 2022
The U.K. government got together with Shell Plc in London this week to talk up North Sea oil and gas, the latest sign of the country’s pivot back toward domestic fossil fuels since Russia’s invasion of Ukraine.
News
June 08, 2022
Oil and gas company Perenco has struck a deal with exploration company, New Age, to buy its participating interests in the Etinde conventional gas development located offshore Cameroon.
News
June 06, 2022
The American Petroleum Institute, joined with more than 80 trade groups representing a diverse cross section of industries, have called on the Biden administration to act on policies that support U.S. energy security and increase domestic production of natural gas and oil.
News
May 26, 2022
The FPSO Atlanta, contracted by Enauta to Yinson for conversion to service the Atlanta Field offshore Brazil, will be operated under ABS Class.
News
May 16, 2022
The U.K. got less than a quarter of its oil supplies from its own fields last year, compared with about 9% from Russia. And domestic output is dropping fast — down by 10% in the first quarter from a year earlier after companies cut investment or spent their cash elsewhere.
News
May 04, 2022
Greenfield investments in Angola and other leading and emerging hydrocarbon producing countries in Africa will help increase cumulative capital expenditure across the continent’s oil and gas sector in 2022 and beyond.
News
May 02, 2022
The FPSO Guanabara has an installed capacity of 12 million cubic meters of natural gas and 180,000 bopd and initially has six producing wells and seven injector wells connected to the field.
News
April 28, 2022
Neptune Energy and its partners discovered up to 24 million recoverable barrels of oil equivalent at the Hamlet exploration wells (PL153) in the Norwegian sector of the North Sea, the company and its partners announced.
News
April 27, 2022
ExxonMobil announced three new discoveries offshore Guyana which will increase the estimate of the recoverable resource of the Stabroek Block to nearly 11 billion oil-equivalent barrels.
News
April 22, 2022
Nigeria expects to raise its daily crude production closer to its OPEC quota in about two weeks as authorities re-open wells that had to be shut to keep criminals at bay.
News
April 15, 2022
Romania is moving ahead with a plan to unlock stalled natural gas projects in the Black Sea as Europe searches for new energy resources to cut reliance on Russia following its invasion of Ukraine.
News
April 12, 2022
Murphy Oil Corp. has begun producing oil from a new deepwater Gulf of Mexico project, months ahead of schedule.
News
April 08, 2022
The difference in business models of shale wells and offshore projects explains why it’s so difficult for oil giants such as Shell to quickly ramp up production when geopolitical disruptions like Russia’s war in Ukraine upend markets.
News
April 08, 2022
The owners of an oil-production and storage ship had a history of financial problems before the vessel blew up in Nigerian waters two months ago.
News
April 06, 2022
Canada has given the green light to a $12 billion offshore oil project proposed by Norway’s Equinor ASA, handing a major win to an industry that has grappled with slumping investment and tougher climate policy.
News
April 05, 2022
SBM Offshore announced Esso Exploration and Production Guyana Limited, an affiliate of ExxonMobil, confirmed the award of contracts for the Yellowtail development project in the Stabroek Block in Guyana.
News
April 04, 2022
The company’s fourth, and largest, project in the Stabroek Block offshore Guyana is expected to produce approximately 250,000 bpd starting in 2025.
News
April 04, 2022
ProSep, a provider of environmentally friendly solutions, secured a water treatment project with an American multinational corporation on the Scarborough gas resource offshore of Western Australia for a seven-figure value.
