Production
News
December 19, 2023
The fields in the deal with PetroBal, located on Campeche’s coast, produce about 16,350 boed. PetroBal acquired the exploration and production rights to the field in 2016 as part of a consortium with Fieldwood Energy.
News
December 18, 2023
While easing sanctions has opened a path for oil majors to return to Venezuela, President Nicolás Maduro has yet to meet all the terms laid out by the U.S., prompting Biden officials to assess the potential need to reimpose sanctions.
News
December 18, 2023
The downtime resulted from a malfunction in new equipment installed during maintenance activities in the previous quarter, causing a deferral of approximately one month in production from the Alvheim area.
News
December 13, 2023
After completion of this campaign in April 2025, these wells collectively are expected to produce up to 22,000 boed at peak rates.
News
December 13, 2023
FPSO Atlanta has a production capacity of 50,000 bopd and a maximum offloading storage capacity of 1,251,000 bbl.
News
December 11, 2023
Valeura Energy Inc., the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, has announced the re-start of oil production at the Wassana field, offshore Gulf of Thailand.
News
December 06, 2023
Exxon also plans to spend $23 billion to $25 billion on capital projects next year as it expands its footprint in the Permian basin, North America’s most-prolific oil field, and pursues untapped reserves in overseas regions such as Guyana.
News
December 05, 2023
The ACE platform and facilities are designed to process up to 100,000 bopd. The project is expected to produce up to 300 MMbbl over its lifetime.
News
December 05, 2023
About 65% of the overall natural gas resources on the Norwegian Continental Shelf have not yet been produced. Some of the remaining gas resources face a variety of challenges that could complicate production.
News
December 04, 2023
(WO) — AGR has secured the well management contract with Apus Energia Guinea-Bissau S.A. for a deepwater exploration well in the Sinapa license offshore Guinea-Bissau, with drilling set to commence in summer 2024.
News
December 01, 2023
Tommeliten A is a development with two subsea templates in the North Sea tied back to the Ekofisk Complex. The total resource potential is estimated in the range of 120-180 MMboe, mainly comprising of natural gas (approx. 70%) and condensate (approx. 30%).
News
November 29, 2023
Since production started in 2008, the Agbami field has produced more than 1 Bbbl of oil, creating value for the partners and the Nigerian society.
News
November 27, 2023
Suncor Energy announced that the Terra Nova Floating, Production, Storage and Offloading (FPSO) vessel has safely restarted following the completion of the Terra Nova Asset Life Extension project. Production is expected to ramp up over the coming months.
News
November 23, 2023
Oil production from Baleine stands at 20,000 bpd, far exceeding the initial anticipated 12,000 bpd. The project is set to reach its plateau of 50,000 bopd by the end of 2024.
News
November 23, 2023
The companies won’t restart pumping until the source of the leak is secured and appropriate repairs have been made, the Coast Guard said in a statement.
News
November 22, 2023
(WO) — BW Energy has finalized the acquisition of the FPSO Cidade de Vitoria from Saipem S.p.A. The FPSO, currently yielding approximately 10,000 barrels per day from the Golfinho field offshore Brazil, is under the operational umbrella of BW Energy's local operating organization.
News
November 17, 2023
(WO) — CNOOC Ltd. has announced the safe commencement of production at the Payara Project in the Stabroek Block offshore Guyana. The project, equipped with one FPSO and 41 subsea wellheads, represents a significant milestone for the partnership and production growth of the Stabroek Block.
News
November 16, 2023
(WO) — CNOOC Ltd. has initiated production at the Bozhong 19-6 condensate gas field development project in the central Bohai Sea.
News
November 14, 2023
65 development wells are planned to be commissioned, including 42 production wells, 20 gas injection wells and 3 water source wells. It is expected to achieve a peak production of approximately 37,000 boed in 2024.
News
November 14, 2023
The Prosperity floating, production, storage and offloading (FPSO) vessel is expected to reach initial production of approximately 220,000 bpd over the first half of next year as new wells come online.
News
November 13, 2023
Chevron Corp. has started supplies to local customers in Israel and the region from its Tamar natural gas field, the company said Monday. The field was closed last month on safety concerns following Hamas’s Oct. 7 attack on Israel.
