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Royston Overhauls Aoka Mizu FPSO Power Systems

January 6, 2020

Royston said it has completed the overhaul of a critical power system on board the Bluewater Services operated floating production, storage and offloading (FPSO) vessel Aoka Mizu. The diesel power specialist said its team of engineers undertook the 6…

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Oil Hits $70 a Barrel

January 6, 2020

Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike which killed a top Iranian military commander. Brent crude…

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Carapa Wildcat Disappoints in Guyana

January 2, 2020

Shares of Tullow Oil dropped by nearly a fifth on Thursday as the oil producer's update on the commercial viability of its new well offshore Guyana disappointed investors. Tullow said the Carapa well in the Kanuku offshore block contains oil…

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Petrobras Board Member Lins Resigns

January 2, 2020

Brazil's state-run oil company Petroleo Brasileiro said on Thursday that board member Clarissa Lins had tendered her resignation.

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Eni Extends Abo FPSO Contract

January 2, 2020

BW Offshore, a provider of floating production services to the oil and gas industry, has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A. The contract is extended until end Q4 2020, with options until Q4 2021…

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Worker Injured on Terra Nova FPSO

December 31, 2019

A worker was injured on the Terra Nova floating production, storage and offloading unit (FPSO) offshore Canada's East Coast, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) said on Monday. On Sunday night, operator Suncor…

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Santos Plans Van Gogh Maintenance

December 31, 2019

Australian oil and gas producer Santos Ltd said on Tuesday it plans to carry out maintenance between April and August at its offshore production unit that produces Van Gogh crude. "The Ningaloo Vision will be undergoing scheduled dry dock maintenance in Singapore over this period…

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Petronas Buys Stakes in Two Campos Fields

December 30, 2019

Malaysia’s Petroliam Nasional Berhad (Petronas) announced it has acquired stakes in two deepwater fields in the Campos Basin offshore Brazil. Petronas said on Sunday its subsidiary Petronas Petróleo Brasil Ltda. (PPBL) completed its acquisition…

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Oil Hits Highest Since September

December 26, 2019

Oil rose towards $68 a barrel to its highest in over three months on Thursday, buoyed by a report showing lower U.S. crude inventories, hopes of an end to the China-U.S. trade dispute and OPEC-led efforts to constrain supply. The American Petroleum Institute…

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Boskalis Bags El Salvador FSRU Gig

December 26, 2019

Dutch dredging, offshore and heavylift company Royal Boskalis Westminster N.V. has been awarded a major contract to connect an offshore Floating Storage and Regasification Unit (FSRU)  to an onshore power plant in El Salvador. The contract was awarded by Energia del Pacifico (EDP)…

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Shell Wins Auction for Guyana's First Liza Cargoes

December 26, 2019

Royal Dutch Shell won the rights to market Guyana's first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers. An ExxonMobil-led consortium…

Apache, Total Partner for Suriname Exploration

December 23, 2019

Apache Corporation and French rival Total have formed a joint venture to develop a project off Suriname in a deal that gives the struggling U.S. oil and gas producer a cash injection for more exploration, the companies said. Apache's Suriname…

ExxonMobil Discovers Oil Offshore Guyana

December 23, 2019

ExxonMobil made a deepwater oil discovery at the Mako-1 well offshore Guyana, the US supermajor announced on Monday, just days after reporting first oil from the nearby Liza field on Friday. The 15th discovery on the Stabroek Block, the new…

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ExxonMobil Begins Oil Production in Guyana

December 21, 2019

ExxonMobil today announced that oil production has started from the deepwater Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons. Production from the first phase of the Liza field…

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Regulator Orders Terra Nova FPSO Shutdown

December 20, 2019

The oil regulator for the Atlantic Canadian province of Newfoundland and Labrador has ordered a production shutdown by Suncor Energy's offshore Terra Nova site, finding the company was not compliant with required inspections and repairs. Terra Nova…

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Layang Field Starts Oil Production

December 20, 2019

Commercial oil production started earlier this month from Layang field on Block SK10 offshore Sarawak, Malaysia, operator JX Nippon Oil & Gas Exploration Corporation announced this week. Layang, which has been producing natural gas since May 2017…

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Big Oil to Bid for Guyana Crude Cargoes

December 17, 2019

Large oil companies Exxon Mobil, Hess Corp, CNOOC, BP, Chevron, Total, and Eni are expected to present bids to buy the first three cargoes of Liza crude offered by Guyana's government, the South American country's director of energy said on Monday.

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Vår Aims to Recover 136 Mln BOE from Balder

December 17, 2019

Oil firm Vår Energi, majority owned by Italy's Eni, aims to recover 136 million barrels of oil equivalent (boe) from the Balder area off Norway, the company said on Tuesday, as it presented a redevelopment plan for the field. The 19.6 billion…

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Total Eyes New Angola Production Hub

December 16, 2019

Energy company Total announced Monday it has acquired operating interests in two new offshore licenses with plans to develop a new production hub in the Kwanza Basin, offshore Angola. The French supermajor has signed a sale and purchase agreement…

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BP Confirms 'World Class' Gas off Mauritania and Senegal

December 16, 2019

BP announced on Monday that its three-well drilling program offshore Mauritania and Senegal encountered gas in "high quality", confirming the supermajor's confidence in the "world-class scale" of the hydrocarbon resources in the West African region.

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Guyana Seeking Oil Buyers

December 16, 2019

Guyana has invited companies interested in purchasing the first three deliveries of the government's share of the country's looming oil production to present bids this week, the government said in a statement on Sunday. The government will later…

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