Production ///

Saudi oil fields are in the firing line as Gulf conflicts continue

Flaring tensions in the Persian Gulf have seen some of the world’s biggest crude deposits, along with processing and transport infrastructure and vessels, targeted by explosives-laden drones and bombings.

Subsea 7 bringing experienced engineers to oil and gas

Subsea 7 is continuing its Engineering Conversion Program, based in Aberdeen, to help experienced engineers from civil engineering and military roles to transfer skills and build new careers in the subsea oil and gas industry.

EIA: U.S. leads global oil and production, with record growth in 2018

The Energy Information Administration reported that U.S. petroleum and natural gas production increased by 16% and by 12%, respectively, in 2018, and these totals combined established a new production record.

2019 World Oil Awards finalists announced

For 18 years, these prestigious awards have recognized and honored the upstream energy industry’s leading innovators and innovations and recognized step changes in technology that have made a lasting impact.

EIA: Natural gas deliveries to U.S. LNG export facilities set a record in July

In the first seven months of 2019, natural gas feedstock deliveries to LNG export facilities have been the fastest growing among all U.S. natural gas consumption sectors

Hibernia production halted again following spill

“The nature and frequency of these incidents in our offshore area are obviously concerning,” said Scott Tessier, CEO of the Canada - Newfoundland & Labrador Offshore Petroleum Board.

U.S. oil poses threat to Mideast sellers with Asia trading debut

The rivalry between U.S. and Middle Eastern oil producers has jumped up a notch as American crude makes its way right to the heart of Asia, the world’s most-prized energy market.

Husky to resume full production at White Rose offshore Newfoundland

Husky Energy announced it will resume production from the remaining two drill centers shut in following a November 2018 oil spill offshore Newfoundland and Labrador.

Total says it’s committed to $23 billion Mozambique LNG project

“I would like to reaffirm the importance of Mozambique LNG for Total, where we will become the operator,” Patrick Pouyanné, Chief Executive Officer of the Paris-based oil major said Friday. “This is a unique asset which perfectly fits our strategy and our skills."

China’s biggest energy company shuns Venezuela oil on tighter U.S. sanctions

China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions against the South American nation.

Norway’s offshore production beats July forecast, still down for the year

The Norwegian Petroleum Directorate’s preliminary production figures for July 2019 show an average daily production of 1,799,000 bbl oil, NGL and condensate, which is an increase of 402,000 bpd compared to June.

Canadian petroleum agency approves Hibernia platform restart following spill

The Canada-Newfoundland and Labrador Offshore Petroleum Board issued approval to Hibernia Management and Development Company Ltd. to resume production operations at the Hibernia platform.

EIA: Natural gas production at record-high levels despite low prices

U.S. natural gas production continued to increase in August despite relatively low natural gas spot prices, setting a new daily production record of 92.1 Bcfd on August 5, 2019, according to data from OPIS PointLogic Energy.

MODEC issues $1.1 billion in bonds to refinance FPSO in Brazil

This project bond was issued for the FPSO Cidade de Mangaratiba MV24 which has been deployed and is currently in operation at the Iracema Sul oil field, operated by Petrobras, in the "pre-salt" region offshore Brazil.

Equinor’s $7.7 billion Mariner field starts up in the UK North Sea

The Mariner reservoirs have up to 3 billion boe in place, a 50% increase on what was originally assumed, and the estimated recovery rate has already been increased by 20 percent. Mariner is expected to produce annual average plateau rates of around 55,000 boed and up to 70,000 boed day at peak production.

Equinor to start Utgard production in September

Equinor estimates the expected total Utgard sales volume at 1.71 million m3 condensate, 2.73 billion m3 gas and 0.56 million tons of NGL.

EPA plans to end methane emission rules that oil companies want to keep

The Trump administration is readying a plan to end direct federal regulation of methane leaks from oil and gas facilities, even as some energy companies insist they don’t want the relief.

New Permian pipeline makes first delivery at Corpus Christi export terminal

Trafigura and Buckeye announced today that Trafigura has received its first delivery of Permian crude oil from Plains All American’s Cactus II pipeline at the Buckeye Texas Partners terminal in Corpus Christi, Texas.

EIA: Australia is on track to become world’s largest LNG exporter

Australia is on track to surpass Qatar as the world’s largest LNG exporter, according to Australia’s Department of Industry, Innovation, and Science (DIIS). Australia already surpasses Qatar in LNG export capacity and exported more LNG than Qatar in November 2018 and April 2019.

COOEC Offshore and Expro form international riserless well intervention alliance

China-based COOEC Offshore has formed an alliance with international oilfield services company Expro, expanding their Riserless Well Intervention (RWI) capabilities and resources.