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Oil field
Oil Field
CNOOC Limited Announces Buzios7 Project Commences Production
CNOOC Limited announces that Buzios7 Project has commenced production safely.Buzios oilfield is located in the Santos Basin, southeast offshore of Brazil, with …
Crude Oil
Exxon Seeks Permit for Its Eighth Oil, Gas Project in Guyana as Output Rises
An Exxon gas station seen in Washington, U.S., November 26, 2024.A consortium led by Exxon Mobil (XOM.N), has requested environmental permits from Guyana for it…
Oil Field
East Baghdad Oil Field Reserves Rise to 15 Billion Barrels
Workers adjusting valves in an oil facility in Iraq.The East Baghdad field, one of the most important oil fields in Iraq, recently had a massive find that incre…
LNG
Gneiss: More UK Production, Fewer LNG Imports Key to Meeting Demand and Keeping Emissions at Bay Post-2030 Outlook & Strategy
FPSO Petrojarl Knarr for Equinor's Rosebank oil field in UK waters;Gneiss Energy, a UK-based strategic and corporate finance advisory firm operating within …
Oil Field
New U.S. Metals Tariffs to Drive up Oilfield Equipment Costs, Championx Exec Says
Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019.ChampionX (CHX.O), expects new U.S. import tariffs on steel and aluminium to drive up e…
Oil Field
Petro-Victory, ATO to Acquire 13 Oil Fields in Brazil’s Prolific Potiguar Basin
Petro-Victory Energy has signed a sales & purchase agreement (SPA) in 50/50 partnership with Azevedo & Travassos Petroleo (ATO) for 13 oil fields located in the…
Oil Field
BP Tackling Production Decline at ‘Largest and Most Prolific’ Oil Field Offshore India
UK-headquartered energy giant BP has been hired by India’s state-owned energy giant Oil and Natural Gas Limited (ONGC) to handle the decline in hydrocarbo…
Oil Field
Decision Over Progressing Brazilian Oil Discovery to FEED Entry Stage Due in Spring
Australia’s oil and gas company Karoon Energy is expected to make up its mind around April 2025 about moving forward with the next stage of development, w…
Oil Field
Chevron Takes the Operator Helm at Two Blocks in Namibian Waters
Chevron Namibia Exploration Limited (CNEL), an affiliate of the U.S.-headquartered energy giant Chevron, has strengthened its presence in Namibia’s offsho…
Oil Field
Production Begins in Mega Metamorphic Rock Oilfield in China’s Bohai Sea
The first phase of Bozhong 26-6 oilfield, by far the largest metamorphic rock oilfield in the world, commenced production on Friday.The development project of t…
Oil Field
Totalenergies Begins Drilling First of Two Planned Oil Prospects Offshore Namibia
Deepsea Mira rigAfter discovering more black gold resources in Namibia’s Orange Basin, France’s energy giant TotalEnergies has moved to the next wel…
Oil Field
McDermott Completes East Malaysia Deepwater Project Ahead of Schedule
U.S.-headquartered offshore engineering and construction player McDermott has completed offshore installation and commissioning activities for a project offshor…
Oil Field
Shell Starts Production From Penguins FPSO in UK North Sea
Shell has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage and offloading (FPSO) facility (Shell 50%, …
Oil Field
Equinor’s Massive Johan Sverdrup Oilfield Hit by Power Outage
A view of the Johan Sverdrup oilfield in the North Sea, January 7, 2020.Equinor's (EQNR.OL), Johan Sverdrup oilfield in the North Sea has suffered a power o…
Crude Oil
OPEC Monthly Output Down Following Fire at Iraqi Oil Field
OPEC pumped an average of just over 27 million barrels a day in January, about 70,000 a day less than the month before.OPEC’s oil production edged lower l…
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