Production
News
March 03, 2023
The transaction includes a non-operated interest in the producing Buzzard oil field (29.89%), an additional operated interest in the Rosebank development (40%) and Suncor employees based in the UK who work with these assets.
Article
February 2023
The oldest well stimulation technique
News
February 28, 2023
The project comprises 36 new wells (21 producers and 15 Injectors), one converted FPSO with capacity for 120,000 bpd of oil production, 230 MMscf per day of Gas Injection and 120,000 bpd of water injection. It will also entail approximately 100 km of rigid flowlines, 100 km of flexible flowlines and 100 km of umbilicals.
News
February 23, 2023
According to Datuk Tengku Taufik, Sabah's Chief Minister, the partnership with SMJSB underscores PETRONAS' efforts to build a more inclusive environment for the oil and gas industry in Sabah, both offshore and onshore.
News
February 20, 2023
The partners have been awarded block EG-01 for an initial period of three years, during which they will conduct subsurface studies based on existing seismic data to further define and evaluate the prospectivity of the block.
News
February 16, 2023
With an estimated peak production of 100,000 boed, Vito is the company’s first deepwater platform in the GoM to employ a simplified, cost-efficient host design.
News
February 14, 2023
While the country began sending natural gas abroad several years ago, its oil production has never been significant. The Karish deposit in the eastern Mediterranean Sea is Energean’s flagship project and has been pumping gas since last year.
News
February 14, 2023
Norway has become the continent’s largest supplier of natural gas, pumping a record 122 Bcm in 2022 through over 8,000 km of subsea pipes. Johan Sverdrup, which began oil production in late 2019, is estimated to hold 2.7 Bboe, making it the continent’s biggest oil field.
News
February 13, 2023
Liz Klein, the new Director of the Bureau of Ocean Energy Management, takes over at a critical time as her agency makes decisions about where to install ocean wind farms, how to safely store carbon dioxide under the sea floor and the future of oil drilling in the Gulf of Mexico.
News
February 03, 2023
Keppel O&M’s scope of work on FPSO Prosperity includes the fabrication of several topside modules, riser, mooring and umbilical structures, followed by the installation and integration of these structures and all topside modules onto the FPSO.
News
February 01, 2023
With the start-up of production from the 10th well, the Neptune-operated Cygnus gas facility is now capable of producing enough natural gas to meet the needs of approximately 2 million UK households, underlining the important contribution of Cygnus to UK energy security.
News
January 31, 2023
The contract brings together three projects that will tie back to the Ivar Aasen and Edvard Grieg production platforms. TechnipFMC will engineer, procure, construct, and install the subsea production systems, controls, pipelines, and umblicals for the development.
Article
January 2023
Symbiotic offshore/CCS projects underway
Article
January 2023
Autonomous inflow control technology could provide the key to enhance oil production from produced water treatment operations, while significantly reducing emissions. A recent study has shown that advanced completions could help the industry safely and sustainably accelerate net zero ambitions.
News
January 25, 2023
The Rome-based company will sign a deal with Libya’s National Oil Corp. in Tripoli this weekend, NOC Chairman Farhat Bengdara told a local television channel. The fields, located offshore in the Mediterranean, will probably be able to pump 850 Mmcfgd, he said.
News
January 18, 2023
“FSO Pargo”, a double-hull vessel built in 2004 that has a 750,000 bbls storage capacity, is expected to be on location in March, moored in April and operational in August 2023, following final licensing approval.
News
January 18, 2023
The Meranti Cluster, located offshore Peninsular Malaysia, was awarded to Ping Petroleum, which is in partnership with Duta Marine Sdn Bhd. All three PSCs were awarded under the Small Field Asset terms introduced in 2020.
News
January 16, 2023
At production start-up, expected in 2025, Lapa South-West will increase production from the Lapa field by 25,000 barrels of oil per day, bringing the overall production to 60,000 barrels of oil per day.
News
January 11, 2023
The "Fololo" design, which was initially developed by Perenco for operations in the DRC, comprises lightweight floating pontoons and legs that can be self-elevated to the required height in a simple, genuine and smart concept developed by the Perenco Group for Perenco Rep.
News
January 10, 2023
Trillion Energy has identified several additional opportunities to increase production at the SASB gas field during 2023 by adding three side-track wells to its development program. The total number of wells now contemplated in the SASB development program has increased from 17 to 20.
News
January 09, 2023
The government received 13 new field-development plans last year. Companies including Equinor ASA and Aker BP ASA rushed to take advantage of Covid-era tax breaks that expired at the end of December.
