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Tailwind Energy Hits First Oil From UK North Sea

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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Aker BP Acquires Total's Norwegian Assets

Aker BP announced on Monday that it has completed the $205 million acquisition of Total E&P Norge's Norwegian continental shelf portfolio. Aker BP first announced the deal in July, and this week said all closing conditions have been fulfilled, and the closing of the transaction has now taken place.

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Petrobras May Divest $15 Bln Over Next Few Years

Brazil's state-controlled oil company Petroleo Brasileiro SA is considering divesting up to $15 billion within the next few years, one person with knowledge of the matter said on Thursday. The total divestment goal has not been approved yet…

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High Hopes for Campos Basin

Although much of the hype surrounding the Brazilian oil and gas market is directed toward the Santos Basin pre-salt, recent and older pre-salt discoveries in existing areas and on recently-awarded blocks within Campos Basin offer significant…

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First Steel Cut for Karish and Tanin FPSO

Energean Oil and Gas announced that first steel was cut on the Karish and Tanin floating production storage and offloading (FPSO) vessel at the COSCO yard in Zhoushan, China, on Monday. The FPSO is scheduled to be delivered to the Karish field offshore Israel in late 2020…

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Addax Petroleum Extends Yinson’s Adoon FPSO Deal

Nigeria-focused oil company Addax has extended the charter for the Yinson-owned FPSO Adoon for another three months, pending discussion for a potential longer-term deal. "Unless otherwise expressly defined in this announcement, terms and expressions…

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