Production
News
August 18, 2025
Brazilian oil company Prio said Monday that the local regulator, ANP, has mandated a production halt at the Peregrino FPSO due to necessary improvements in risk management documentation and adjustments to the deluge system, according to a Reuters report.
News
August 14, 2025
Azule Energy, a joint venture between bp and Eni, is fast-tracking its Namibia oil operations as it competes with companies including TotalEnergies SE to be among the first to produce crude in one of the world’s newest hotspots.
News
August 11, 2025
Lime Petroleum AS (LPA) has published a production update on the Brage and Yme fields, located in the Norwegian North Sea. According to LPA, for the full month of July 2025, production at the Brage and Yme Fields combined was 11,941 boed.
News
August 11, 2025
Tampnet has deployed a Private Multi-Access Edge Compute (PMEC) with 4G/5G capabilities on Vår Energi’s Jotun FPSO, the first installation of its kind on a floating production storage and offloading unit (FPSO).
News
August 08, 2025
ExxonMobil Guyana has started production at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA FPSO brings total installed capacity in Guyana to above 900,000 bopd.
News
August 05, 2025
Perenco Brazil has completed its acquisition of the Cherne and Bagre concessions from Petrobras. The acquisition includes two fixed platforms previously hibernated and scheduled for decommissioning by Petrobras. Perenco is targeting 15,000 bpd mid-term production from the concessions.
News
August 04, 2025
bp has successfully started up its Argos Southwest Extension project, the first in a series of new projects planned in the Gulf of America/Gulf of Mexico over the next five years. The project adds 20,000 boed of production at the existing Argos platform.
News
July 31, 2025
The review comes as Namibia pursues first oil production from its Orange Basin discoveries by 2029 and is geared towards strengthening the competitiveness of investing in the country’s upstream petroleum sector.
News
July 25, 2025
Thailand's PTTEP has signed an agreement to buy 100% of shares of Hess International Oil Corporation, which holds a 50% participating interest in the offshore natural gas Block A-18 of the Malaysia–Thailand Joint Development Area (MTJDA).
News
July 23, 2025
TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 offshore Angola projects, which together will add a total of 60,000 bpd of new production.
News
July 16, 2025
Seatrium Limited has announced the impending delivery of the P-78, the first of a series of turnkey FPSOs to Brazil’s Petrobras. Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest global deepwater oil field.
News
July 16, 2025
EnQuest has been awarded a Production Sharing Agreement (PSA) for Block C in Brunei by the Petroleum Authority of Brunei Darussalam (PABD). Block C is located offshore Brunei Darussalam and hosts the condensate-rich gas discovered fields of Merpati, Meragi and Juragan.
News
July 10, 2025
Golar's FLNG Gimi vessel has reached its commercial operations date (COD) under the 20‑year agreement for the Greater Tortue Ahmeyim (GTA) gas project offshore Mauritania and Senegal. The Gimi FLNG unit will initially produce 2.4 MMtpa of LNG, with plans to ramp up to its full capacity of 2.7 MMtpa.
News
July 08, 2025
African E&P Petralon Energy is on track to boost Nigerian crude production by a further 2,500 bpd, following drilling activities at the Dawes Island field. The company has recently completed a new well at the field aligning with plans to maximize output at the field.
News
July 04, 2025
U.S. oil and gas company VAALCO Energy is refurbishing its FPSO facility at the Baobab field in Block CI-40, offshore Ivory Coast, African Energy Chamber announced. The modernization is set to increase production and extend the field’s economic life.
News
July 02, 2025
DNO ASA entered into an offtake agreement with France’s ENGIE SA for DNO’s Norwegian gas production and secured a related offtake financing facility with a major U.S. bank for up to $500 million.
News
June 30, 2025
Danos Operations Services has been awarded a contract to provide production services for Beacon Offshore Energy’s new deepwater facility in the Gulf of America/Gulf of Mexico — the Shenandoah floating production system.
News
June 17, 2025
The American Petroleum Institute has joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. Outer Continental Shelf.
News
June 13, 2025
Israel ordered the halt of the offshore Leviathan field operated by Chevron due to security concerns, according to the Energy Ministry. The escalating tensions in the Middle East raise the risk of a wider war in a region that’s key to global energy supplies.
News
June 11, 2025
The Gulf’s rising importance represents a turnaround from the past two decades, when the region took a backseat to the U.S. shale boom. But now tumbling crude prices are hurting shale drillers while major, longer-term Gulf projects are starting to come online.
News
June 10, 2025
ABB has been awarded a large order by Seatrium to supply electrical equipment and automation solutions on a new generation of FPSO vessels for operator Petrobras. The two vessels—P-84 and P-85—will be deployed approximately 200 km offshore Brazil.
