LogIn LogOut

Oil & Gas Production News

 

Saudi Arabia Set for Oil Output Capacity Above 13 mln bpd by 2027

May 16, 2022

Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or start of 2027, the energy minister said on Monday.Prince Abdulaziz bin Salman told an energy conference in Bahrain that production could be maintained at that level once it was reached should market demand require it.The prince also said all upstream investments would be domestically focused to achieve that goal…

Malaysia's Kimanis Crude Exports to Drop in July After Offshore Outage

7 hours ago

Exports of Malaysia's flagship Kimanis crude will fall in July following outages at two offshore oilfields near Sabah, according to a source familiar with the matter and a preliminary loading program.Six Kimanis crude cargoes will be loaded in July…

Chevron Wraps Up Wheatstone Maintenance

May 17, 2022

Chevron Corp has completed maintenance work at its Wheatstone liquefied natural gas (LNG) plant, and the facility's two processing units, or trains, are now running, the operations head of its Australian business said on Tuesday.'We are still starting up our domgas (domestic gas) plant…

Bahrain State Oil Company to Appoint Financial Adviser, CEO Says

May 17, 2022

Bahrain's state oil firm nogaholding is in final talks to appoint a strategy consultant and financial adviser, its chief executive said on Monday, as the indebted country seeks to capitalize on high energy prices and sell or lease out assets…

Woodside Sees Slim Risk of Big Share Selloff by BHP Investors

May 17, 2022

Woodside Petroleum does not expect heavy selling of the company's shares by BHP Group investors if Woodside's acquisition of BHP's petroleum business goes ahead in June, Chief Executive Meg O'Neill said on Monday.Woodside shareholders are set…

Japan's Inpex Boosts Annual Profit Outlook on Soaring Oil Prices. Shares Abadi Plans

May 11, 2022

Japan's biggest oil and gas explorer Inpex Corp raised its net profit forecast for 2022 by 20% to a record 300 billion yen ($2.3 billion) thanks to higher-than-expected oil prices and a lower yen against the U.S. dollar.Its annual net profit…

East Timor Aiming for Greater Sunrise Offshore Gas Field Output by 2030

May 04, 2022

East Timor's national oil company wants to start producing natural gas from its Greater Sunrise fields by 2028 or 2030, the company's head said on Tuesday in Houston, hoping to develop the offshore project that has been stuck in limbo for decades…

Exxon Takes a Hit from Russia, Triples Buybacks over Higher Oil Prices

Apr 29, 2022

Exxon Mobil Corp doubled its first-quarter per-share profit, it said on Friday, but the results fell short of Wall Street estimates, even excluding a $3.4 billion writedown from its withdrawal from Russia.The top U.S. oil producer tripled its buyback program…

Chevron 1Q Income Nearly Quadruples as Oil Prices Surge

Apr 29, 2022

Chevron Corp's first-quarter profit nearly quadrupled from the same period a year ago, easily surpassing Wall Street's forecasts as oil and gas prices surged following Russia's invasion of Ukraine.The second-largest U.S. oil producer on Friday posted adjusted earnings of $6…

Petronas Exits Myanmar's Yetagun Field

Apr 29, 2022

Malaysian oil and gas company Petronas has withdrawn from Blocks M12, M13, and M14 located in the Yetagun field, offshore Myanmar.'The decision was made following a thorough techno-commercial review in alignment with Petronas' asset rationalization…

CNOOC Q1 Net Profit Doubles, Domestic Oil and Gas Output Jumps

Apr 28, 2022

China's top offshore oil and gas producer CNOOC Ltd saw its net income more than double during the first quarter of 2022 from a year ago, on the back of a surge of global oil prices and an increase in domestic oil and gas production.The listed…

QatarEnergy Awards Major EPC Deal for North Field Expansion Project

Apr 28, 2022

QatarEnergy has awarded a major engineering, procurement, and construction (EPC) contract for the North Field Expansion Project, which it says marks the final major milestone to deliver the project which will boost Qatar’s LNG production capacity to 110 million tons per annum (MTPA)…

Exxon Declares Force Majeure on Russian Sakhalin-1 Operations

Apr 27, 2022

Exxon Mobil Corp said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become increasingly difficult to ship crude out of due to sanctions on Russia.The Sakhalin-1 project…

Malaysia's Petronas Sees Higher Demand as Focus Turns to Energy Security

Apr 27, 2022

Malaysian state energy firm Petronas is seeing growing demand for gas as the world lifts COVID-19 restrictions and prioritizes energy security due to Russia's invasion of Ukraine, its chief of upstream operations told Reuters on Wednesday.Petronas…

South Korea's SK earthon Wins Offshore Acreage in Malaysia

Apr 25, 2022

Malaysia's Petronas on Friday signed a Production Sharing Contract (PSC) with SK earthon and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) for Block SK427 off the coast of Sarawak. SK earthon, a subsidiary of South Korea’s SK Innovation…

Current News

China Moves Another 2 Million Barrels of Iranian Oil into Reserve Tanks

China Moves Another 2 Million Barrels of Iranian Oil into Reserve Tanks

ADNOC Taps McDermott for Fujairah LNG Plant FEED

ADNOC Taps McDermott for Fujairah LNG Plant FEED

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

Malaysia's Kimanis Crude Exports to Drop in July After Offshore Outage

Malaysia's Kimanis Crude Exports to Drop in July After Offshore Outage

Borr Drilling Finds More Work for Saga Jack-up Drilling Rig

Borr Drilling Finds More Work for Saga Jack-up Drilling Rig

Ørsted, TSS Hold Naming Ceremony for First Asia-built SOV

Ørsted, TSS Hold Naming Ceremony for First Asia-built SOV

Chevron Wraps Up Wheatstone Maintenance

Chevron Wraps Up Wheatstone Maintenance
photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com