Stories

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Western Gas Chooses McDermott, BHGE for Equus Project

December 12, 2018

Western Gas announced Wednesday it has signed a Memorandum of Understanding (MOU) with oil and gas service and technology providers McDermott International and Baker Hughes, a GE company (BHGE), for the development of the Equus Gas Project offshore Western Australia.

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Brazil Reaches Deal with Petrobras Over Transfer of Rights Area

December 12, 2018

The Brazilian government has reached an agreement with state-controlled oil company Petróleo Brasileiro SA over the so-called transfer of rights area, Finance Minister Eduardo Guardia said on Wednesday. Guardia declined to disclose values nor who is owed what under the terms of the agreement.

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Eni Must Improve Safety in the Arctic -Norway Watchdog

December 11, 2018

Italian oil company Eni must do more to improve safety at its Arctic Goliat oilfield, which produces up to 100,000 barrels of crude per day, Norway's oil safety watchdog said on Tuesday. The world's northernmost oilfield has suffered a number of incidents since it started production in March 2016.

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Husky Energy ‘Deeply Sorry’ for Oil Spill off Newfoundland

December 11, 2018

Canada's petroleum company Husky Energy submitted a preliminary report about the largest-ever oil spill in Newfoundland and Labrador and said it is “deeply sorry” for the incident. According to local media reports, the oil and gas vcompany admitted that on November 16…

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Tailwind Energy Hits First Oil From UK North Sea

December 11, 2018

New UK North Sea-focused oil and gas company Tailwind Energy has announced first oil from the 100% owned Gannet E redevelopment to the Triton FPSO. The London-based contracts services company for North Sea work said in a press note that the…

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BW Offshore Recycling FSO Belokamenka

December 10, 2018

The provider of floating production services to the oil and gas industry BW Offshore has signed an agreement to dispose of the FSO Belokamenka for recycling in compliance with the Hong Kong Convention. The Oslo-listed company said in a press…

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Eni Makes New Oil Find Offshore Angola

December 10, 2018

Italy's Eni said it ha struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola. The discovery, estimated to contain between 170 and 200 million barrels of light oil in place, was made in the Afoxé-1 NFW well located in the southeast area of Block 15/06…

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Eni Starts Production at Vandumbu Field

December 10, 2018

Italy's Eni said it has started production from the Vandumbu field in Block 15/06 through West Hub N’Goma floating production, storage and offloading unit (FPSO). Block 15/06 is located approximately 350 kilometers northwest of Luanda and 130 kilometers west of Soyo, Angola.

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Höegh LNG Takes Delivery of Ninth FSRU

December 7, 2018

Bermuda-based  floating liquefied natural gas (LNG) company Höegh LNG Holdings took delivery of Höegh Gannet, its ninth floating storage and regasification unit (FSRU). Höegh Gannet has regasification capacity of 1 Bcf per day and storage capacity of 170 000 cbm of LNG…

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Petrobras' Next CEO Already Working Inside Company

December 7, 2018

Petroleo Brasileiro SA's next CEO is already working within the Brazilian state-controlled oil firm and is talking with employees about business plans, four sources told Reuters. Roberto Castello Branco, named by president-elect Jair Bolsonaro's economic team to take the helm at Petrobras…

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Crude Inventory Growth Reverses

December 7, 2018

U.S. crude inventory declined last week. The latest weekly survey results by the U.S. Energy Information Administration (EIA) indicate a fall of 7.3 million barrels in the week ended November 30. This follows a 10-week streak of crude inventory…

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Revisions to Petrobras' Investment Plan Likely

December 6, 2018

Brazil's right-wing President-elect Jair Bolsonaro is likely to revise the just-announced investment plans of state-controlled oil company Petroleo Brasileiro SA, newspaper O Estado de S. Paulo reported on Thursday, citing an unnamed source.

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Petrobras to Boost Deepwater Spending

December 5, 2018

Brazilian state-run oil company Petroleo Brasileiro SA plans to raise some $26.9 billion via asset sales and partnerships by 2023 while boosting investments on the front edge of an anticipated production boom in Brazil. Petrobras intends to make $84.1 billion in investments from 2019 to 2023…

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EnQuest Sees 20% Higher Oil Production in 2019

December 5, 2018

EnQuest expects to produce about 20 percent more oil next year as the indebted British North Sea producer strives to recover from a series of minor setbacks at its flagship field. The company said on Wednesday it expected to produce between 63…

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Major Traders Bribed Petrobras Staff -Prosecutors

December 5, 2018

Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return for business. The alleged graft was the latest…

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Terra Nova FPSO Restarts Production

December 4, 2018

Canadian integrated energy company Suncor said it has restarted production from the Terra Nova floating production storage and offloading vessel (FPSO), approximately 350 kilometers east-southeast off the coast of Newfoundland, Canada in the North Atlantic Ocean.

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Prelude FLNG to Start Producing at End-2018

December 4, 2018

Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday. "We continue to progress Prelude towards operations, with safety and quality being our main focus ...

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Eni's Indonesia Gas Project to Start Up in 2021

December 4, 2018

Energy company Eni aims to start output of natural gas from its offshore Merakes project in Indonesia in 2021, the country's deputy energy minister said on Tuesday. Initial production at Merakes would be 155 million cubic feet of natural gas per day (mmcfd)…

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ExxonMobil Makes Discovery Off Guyana

December 3, 2018

U.S. major ExxonMobil has made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels, reinforcing potential for at least five floating storage…

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First Oil Offloaded from FPSO at Dussafu

December 3, 2018

London based independent Panoro Energy ASA announced Monday that the first cargo of oil from Dussafu has been offloaded from the BW Adolo floating production storage and offloading unit (FPSO) on December 2. A total of 550,000 barrels of oil…

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