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Statoil Aims to More than Triple Brazil Output

Norwegian oil and gas firm Statoil aims to more than triple its production in Brazil and will seek to become operator for the entire Carcara discovery, among the world's biggest in recent years, the firm's country manager said. Statoil has invested more than $10 billion in Brazil…

Craig Joins Teekay Offshore Board

Teekay Offshore Partners L.P. announced that Ian Craig has accepted an invitation to join Teekay Offshore's Board of Directors, effective June 6, 2017. Craig has served in various executive positions in Shell, most recently in Nigeria where he was Executive Vice President for Sub-Saharan Africa…

GTT to Equip Samsung-built FLNG

GTT said it has received an order from Samsung Heavy Industries (SHI) to equip a new Floating Liquefied Natural Gas unit (FLNG), reportedly the second biggest in the world. The new FLNG, with a capacity of 238,700 m3, will integrate eight LNG…

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Victoria Mulls Floating LNG Plan

Australia's Victoria state is working with AGL Energy to study building a liquefied natural gas (LNG) import terminal to beef up local gas supply, even as the country is set to become the world's largest LNG exporter. Victorian Premier Daniel…

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Norwegian Union Threatens Strike at Statoil, Shell, Eni Platforms

About 150 oil platform workers would go on strike, potentially disrupting output from several Norwegian fields, if they fail to get a pay deal by midnight on Friday, their union said on Tuesday. Lederne, the smallest of the three Norwegian unions representing oil industry workers…

Equatorial Guinea Eyes New FLNG Plants

Equatorial Guinea, which is developing Africa's first deep-water floating Liquefied Natural Gas (LNG) platform, sees scope for another two similar platforms by December, the petroleum minister said on Monday. The former Spanish colony is developing…

Petrobras Will Not Slow Down Asset Sales

State-controlled oil company Petróleo Brasileiro SA will not slow down asset sales or debt-cutting efforts if it meets debt targets earlier than expected, Chief Executive Pedro Parente said on Monday. Petrobras, as the company is known, plans to cut net debt to 2.5 times operating profits by 2018…

Equatorial Guinea Inks Production Deal with ExxonMobil

Equatorial Guinea has signed a production-sharing contract for offshore block EG-11 with U.S. oil major ExxonMobil, the hydrocarbons ministry said on Monday. "Block EG-11 is the jewel among a group of already very prospective blocks that we are signing in 2017…

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BW Offshore CEO Sees Signs of Recovery

BW Offshore, which delivers floating production services to the oil and gas industry, sees signs of an improved market. "It's still early days but we definitely see a pick-up in discussions and tendering activity," CEO Carl Arnet said during the firm's first-quarter earnings presentation.

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Norway Unions in Wage Deal with Drillers

Norwegian drilling rig operators have reached a wage deal with all three trade unions representing workers, averting the risk of a strike that could have hit exploration, the companies and the unions said on Friday. One of the three unions announced on Thursday afternoon it reached an agreement…

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FPSO to Achieve First Oil from Libra Field in July

Teekay informs that the FPSO Pioneiro de Libra arrived May 17 in Brazilian territorial waters. The FPSO unit, owned through a 50/50 joint venture between Odebrecht Oil & Gas and Teekay Offshore, will be the first to produce oil in the Libra Block which covers more than 1…

BP to Develop Gas Project offshore Trinidad

BP announces two major discoveries in Trinidad and Tobago; new project to offset BP's declining production in country. BP has given the go-ahead for its $500 million Angelin offshore gas field development in Trinidad and Tobago to help offset declining production in one of the company's main hubs.

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Delfin Project Gains US Approval to Export LNG

The U.S. Department of Energy (DOE) has approved a long-term application to export liquefied natural gas (LNG) from the first offshore project, Delfin LNG, LLC. Exports in the amount of 1.8 billion cubic feet per day (Bcf/d) of natural gas are…

Golar FLNG Nearing Completion

Golar'LNG says that the FLNG Hilli Episeyo conversion is nearing completion. "The conversion of Hilli Episeyo is progressing to a tight but achievable schedule," said a company statement. All equipment has been installed and testing and precommissioning…

Eni LNG Seal Raises Hopes of Mozambique Gas Boom

Italian energy company Eni signed a deal on Thursday to develop a huge gas field offshore Mozambique, the first of a series of projects that could transform the poor African nation into a major energy supplier to Asia. The Coral South field…

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Framo Delivers Pumping Systems to Höegh LNG

Framo has signed a contract with Höegh LNG for the delivery of pumping systems to their new Floating Storage Regasification Unit (FSRU). The contract is for one unit, with option for three more units which are currently being built at Samsung Heavy Industries in Korea.

Petrobras Will Not Bid for all Eight Pre-salt Areas

Petróleo Brasileiro SA does not have the means to bid for all eight pre-salt exploration areas as well as the 14th round of oil rights auctions, Chief Executive Pedro Parente said on Thursday. Petrobras, as the company is known, had announced…

EnQuest Sticks to Annual Target as Oil Production Falls

North Sea-focused oil producer EnQuest said its production fell 11 percent year on year in the first four months of the year due to the natural decline of its fields but it maintained its annual output target. The oil company also said its flagship…

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Most Norwegian Oil Workers Agree to Wage Deal

Energy firms operating offshore Norway on Wednesday agreed wage deals for 2017 with the two largest trade unions representing oil and gas workers, while talks with a smaller union will continue at a later stage under mandatory mediation rules.

Petrobras Sees Higher Oil Exports as Presalt Fields Develop

Brazilian government-controlled Petroleo Brasileiro SA expects higher oil exports this year than initial projections, Guilherme França, executive manager of trade and marketing, said Wednesday. Petrobras expects oil exports to reach 742,000…

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OPEC Set to Prolong Oil Cuts

OPEC will likely agree to extend production cuts for another nine months, delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude. OPEC's de facto leader, Saudi Arabia, favours extending…

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