Production
News
August 01, 2023
In a letter to President Biden, the energy trade groups urged the administration to finalize a program that includes the maximum number of lease sales and begin the pre-leasing work required to start holding sales in 2024.
News
July 31, 2023
The government said the first new permits in the current licensing round will be issued in the autumn, with over 100 expected in total. It also suggested a commitment to future licensing rounds — though that would hinge on Sunak’s party holding onto power in a general election expected in 2024.
News
July 31, 2023
Norway has the lowest carbon intensity of all LNG imports at 33 kgCO2/boe, and Peru the highest at 90, with the average coming to 79, while UK gas has a carbon intensity of only 21 kgCO2/boe.
News
July 28, 2023
The assets are “a key part of our portfolio,” along with the energy supplier’s stakes in Britain’s nuclear power stations, Chief Executive Officer Chris O’Shea told reporters Thursday. It’s a turnaround from 2019, when Centrica said it would exit oil and gas production for good — which it did in Norway, but not in Britain.
News
July 25, 2023
The sale concerns SUOS’ participating interest of 35% in the Masela PSC, which includes the Abadi gas project.
News
July 20, 2023
The DHIBM-5H well was drilled as a horizontal well from the BW MaBoMo production facility to a total depth of 4,245 meters into Gamba sandstone reservoir at the Hibiscus field. Following completion, the Borr Norve jack-up has commenced drilling operations on the fourth production well (DHIBM-6H).
News
July 18, 2023
The compressor is the second GLC unit installed on the FPSO to support production from the six Tortue wells. Once fully operational, it is expected to add approximately 3,000 bpd of production.
News
July 17, 2023
The initial three-year, multi-million dollar contract will see Petrofac’s Asset Solutions business providing integrated services for the Espoir Ivoirien Floating Production Storage and Offloading (FPSO) vessel.
News
July 14, 2023
The first JSE production well has been brought onstream and a further two producers and one water injector are expected onstream this year to help sustain gross Jubilee production over 100,000 bopd.
News
July 13, 2023
The average GHG intensity of production in the U.S. Gulf of Mexico was found to be 7 kilograms of carbon dioxide equivalent per barrel of oil equivalent (kgCO2e/boe) in 2022. However, about 78% of the total production was found to be beneath that average.
News
July 13, 2023
The company achieved a new production record of 481 MMboed, driven by the successful ramp-up of Johan Sverdrup to a new plateau level and high production efficiency across the portfolio.
News
July 11, 2023
The Trendsetter STIM offers a 15,000psi rated subsea safety system designed to provide hydraulic well access for both vertical and horizontal tree types in up to 10,000’ water depth
News
July 10, 2023
Not only have oil and gas companies been drawn to Guyana’s vast hydrocarbon resources, but they’ve also taken note of the country’s attractive regulatory and fiscal regimes.
News
July 10, 2023
The company is working to recover production, Pemex Chief Executive Officer Octavio Romero confirmed in a video late Saturday, adding that output has already recovered to 600,000 bpd.
News
July 10, 2023
This first phase connects a subsea production well to a new gas processing platform, itself linked to SOCAR’s existing facilities in Oil Rocks. It has a production capacity of 4 MMcmgd and 12,000 bpd of condensate. The gas will be sold on the domestic market in Azerbaijan.
News
July 07, 2023
Johan Sverdrup, the single largest crude stream in the North Sea, is a relatively dense and sulfur-rich type of oil —- properties that normally mean it trades below Dated. However, Saudi Arabia hiked the premiums it charges for its own barrels — which are similar to the Norwegian grade, triggering the price surge, the traders said.
News
July 03, 2023
The scope of the contract includes brownfield engineering, procurement, construction and commissioning services as well as the management of its offshore marine fleet.
News
June 30, 2023
The start of gas and condensate production from the MJ field follows the start-up of the R-Cluster field in December 2020 and Satellite Cluster in April 2021. All three developments utilize the existing hub infrastructure for the block.
News
June 28, 2023
Under the deal unveiled in February 2022, Seplat agreed to pay $1.3 billion for an Exxon unit that holds a 40% operating stake in four shallow-water licenses in a purchase that would almost quadruple the independent company’s oil output to more than 130,000 bpd.
News
June 28, 2023
The projects, which include Aker BP ASA’s Yggdrasil and Valhall PWP og Fenris in the North Sea, as well as Equinor ASA’s Irpa in the Norwegian Sea, cover 19 new developments, build-outs of existing fields and increased oil-recovery projects, the ministry said in a statement on Wednesday.
News
June 27, 2023
TechnipFMC will design and manufacture subsea trees, a manifold, subsea distribution equipment, and topside controls, as well as jumpers, flowlines and umbilicals.
