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Norway's Northernmost Oil Find Could Start Production in 2026

Austria's OMV and partners plan to invest up to $6 billion initially to develop the Arctic Wisting oil find, Norway's northernmost oil discovery, which could start production within a decade, a senior executive said on Wednesday. OMV owns a…

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Woodside Awards Scarborough FEED Contracts

Australian independent oil and gas company Woodside said Wednesday it has awarded four contracts for front-end engineering design (FEED) activities for the proposed US$11 billion Scarborough Project offshore Western Australia. Each contract…

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Petrobras 2018 Production Shy of Target

Petroleo Brasileiro produced an average of 2.03 million barrels per day (bpd) in Brazil last year, the oil company said in a statement on Tuesday, just below the company's target of 2.1 million bpd. Petrobras' total production of oil and natural…

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​​​​Petrobras Wants to Operate 3 Blocks in 6th Pre-salt

Brazil state-run oil firm Petroleo Brasileiro SA said on Monday it plans to exercise its preferential rights to operate three blocks in the next pre-salt deep water auction, due later this year, under a production-sharing contract scheme. In a statement…

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Three Nominated to Petrobras Board

Brazil's government on Monday nominated three new board members for state-owned oil company Petroleo Brasileiro SA (Petrobras), amid accusations that new CEO Roberto Castello Branco was pushing to oust board members. The nominees are Eduardo Bacellar Ferreira, John Forman and Joao Cox.

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Equinor Wraps Up Rosebank Acquisition

Norway's Equinor said on Friday it has completed its acquisition of Chevron’s 40 percent operated interest in the Rosebank project in the West of Shetland region of the U.K. continental shelf. The transaction was announced in October 2018 .

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Exxon Ships Have Not Returned to Disputed Area off Guyana

Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not returned to the site of a December incident with Venezuela's navy, but they may in the future, Guyana's foreign minister said on Thursday. Guyana, with no history of oil production…

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New Petrobras Chief Wants to Oust Board Members

The new chief executive of Brazil's state-controlled oil company Petroleo Brasileiro SA is pushing for the ouster of two board members, newspaper Valor Economico reported on Friday. Citing unnamed sources close to the matter, Valor said CEO…

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Premier Oil Cuts More Debt than Forecast

Britain's Premier Oil cut debt to $2.3 billion at the end of 2018, below a previous forecast of $2.4 billion, it said in a trading update on Thursday. Premier's full-year production of 80,500 barrels of oil equivalent per day (boepd) came in…

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DeltaTek Wins Multi-well Contract with Energean

Well construction specialist DeltaTek Global announced Wednesday it has been awarded a contract from Energean Oil and Gas to support well construction at the Karish deepwater project offshore Israel. DeltaTek said it will provide optimization…

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Oil Spill from Espadarte Field FPSO

Brazilian state-run oil firm Petróleo Brasileiro S.A. announced there was an oil spill on January 2 from its chartered floating production storage and offloading unit (FPSO) Cidade de Rio de Janeiro, in the Espadarte field offshore Brazil. Petrobras…

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Petrobras Selling $803 Mln in Local Debt

Petroleo Brasileiro SA is selling up to three series of local unsecured bonds to raise 3 billion reais ($803 million), the Brazilian state-run oil firm said in a securities filing on Tuesday. The debt will mature in 7 to 10 years, depending on the series…

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SeaRose FPSO Production Remains On Hold

Oil production continues to be suspended at the SeaRose FPSO, about 350 kilometres east of St. John’s for the last 50 days. There’s no information on when production will resume. Production was suspended and shutdown began on November 16 after two spills -  an estimated 250…

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BW Gets Extension for Polvo FPSO

BW Offshore announced Firday it has secured another one-year extension for the lease and operation of the floating production storage and offloading vessel (FPSO) Polvo in the Campos basin offshore Brazil. The agreement signed with PetroRio extends the firm period from Q3 2019 to Q3 2020…

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A 'Chicago Boy' Takes the Reins at Petrobras

Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil's Petroleo Brasileiro SA, will either save the indebted oil major - or strip it to the bone. Tapped by far-right President Jair Bolsonaro, who took power on Tuesday…

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Samsung Heavy Achieves First Oil on Egina FPSO

Samsung Heavy Industries Nigeria Limited (SHIN) has  successful achieved the first oil on the 200,000 barrels per day-capacity Egina Floating Production Storage Offloading (FPSO) unit. Egina is the world’s largest floating production storage and offloading (FPSO) unit.

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More Resources Uncovered in Goliat Field

Newcomer Vår Energi AS revealed Thursday that an appraisal well has uncovered more resources in the Goliat field off Norway. Vår Energi, together with license partner Equinor, drilled the 7122/7-7 S Goliat West appraisal well in PL 229 in the Barents Sea.

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Energean Signs New Gas Sales Deal for Karish and Tanin FPSO

UK-based oil and gas exploration and production company Energean Oil & Gas  has signed a Gas Sales and Purchase Agreement (GSPA) with I.P.M. Beer Tuvia Ltd. (IPM) to supply an estimated 5.5 BCM of gas from its Karish and Tanin FPSO over a period of 19 years.

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Total Starts Production at Egina Oilfield

Total SA said on Wednesday it had started production from the Egina oilfield off Nigeria's coast, part of a shift by the French energy firm towards deepwater oil and gas projects to its drive cashflow. Output from Egina, which is located in waters about 1…

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Ophir Awaiting Fortuna Block Extension

Ophir Energy said it is still awaiting a response from Equatorial Guinea's Ministry of Mines and Hydrocarbons (MMH) with regards to its request for an extension of the Block R licence, where Africa's first deepwater independent floating liquefied natural gas (FLNG) project is planned.

Tango FLNG En Route to Argentina

Belgium based EXMAR announced Thursday that its floating liquefied natural gas (FLNG) facility has left China for a 45-day voyage to the destination of its liquefaction operations at the Port of Bahia Blanca in Argentina. The barge-based Tango…

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