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CNOOC Starts Production at Gas Field in Bohai Sea

May 07, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has brought on stream a gas field in the Bohai Sea, offshore China.CNOOC’s Bozhong 19-6 Gas Field 13-2 Block well site development project is located in central Bohai Sea, with an average water depth of approximately 23 meters.The main production facilities include a wellhead platform, with 10 development wells planned to be commissioned…

Into the Deep: Offshore Production Increasingly Finds Deeper Waters

May 08, 2024

Offshore energy is on a growth trajectory. Rystad Energy wrote in February 2024 that upstream oil majors were diving in to deeper waters. “Despite tightened budgets, frontier drilling is fueling optimism for a productive year, particularly deepwater projects in the Atlantic Margin…

BP Suspends Production at Azerbaijani Platform for Maintenance Works

Apr 29, 2024

BP, as the operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development in the Caspian Sea, has kicked off planned maintenance (turnaround - TAR) works on the Deepwater Gunashli platform.In accordance with the plan, production from…

BP Starts Oil Production at Major New Platform Offshore Azerbaijan

Apr 17, 2024

BP, as the operator of the Azeri-Chirag-Gunashli (ACG) project, has started oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.The ACE platform is the…

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Apr 10, 2024

Russian Deputy Prime Minister Alexander Novak met heads of local oil companies on Wednesday, instructing them to maximiae gasoline and diesel supply to the domestic market, according to a statement posted on the government's Telegram channel…

First Production Starts at ADNOC’s Belbazem Offshore Block

Mar 27, 2024

Abu Dhabi's national oil firm ADNOC has announced the start of crude oil production from its Belbazem offshore block, operated by Al Yasat Petroleum, a joint venture between ADNOC and China National Petroleum Corporation (CNPC).Located 120 kilometers northwest of Abu Dhabi city…

Leaky Platforms: Pemex Knocked for Delayed Repairs, "Vast" Methane Leaks

Mar 22, 2024

Pemex reportedly put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources familiar with the infrastructure.New data…

Exxon Mobil Continues to Ramp Up LNG Portfolio

Mar 22, 2024

Exxon Mobil is ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own gas rather than trading that of third parties, said Peter Clarke…

BP's Carbon Emissions Rise for the First Time Since 2019

Mar 08, 2024

BP said on Friday its overall carbon emissions climbed in 2023 for the first time since 2019 as the company started up new oil and gas projects and increased its production levels.BP's so-called Scope 3 emissions, caused by the burning of the oil and gas produced by the company…

CNOOC Finds Oil in South China Sea Deepwater Field

Mar 08, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has made a major oilfield discovery in deepwater area of South China Sea, named Kaiping South, adding over 100 million tons of oil equivalent proved in-place volume.The Kaiping South Oilfield is located in the eastern South China Sea…

Enhancing Environmental Accountability in Offshore Operations via Data Analytics

Feb 28, 2024

As an industry, the offshore energy sector continues to evolve its approach to reducing environmental impact. Looking beyond the mandatory reporting of scope 1 and 2 carbon emissions, focus is now shifting to scope 3 emissions where many global…

Petronas Signs Gas PSCs for BIGST and Tembakau Clusters Offshore Malaysia

Feb 28, 2024

Petronas, through Malaysia Petroleum Management (MPM), has signed production sharing contracts (PSCs) for two discovered resource opportunities (DRO) clusters, located offshore Malaysia.The BIGST Cluster was awarded to Petronas Carigali, and JX Nippon Oil & Gas Exploration (BIGST)…

Three Questions: Matt Tremblay, VP, Global Offshore Markets, ABS

Feb 23, 2024

The American Bureau of Shipping dominates the global market in the classification of Floating Production. Offshore Engineer recently sat with Matt Tremblay, ABS’ Vice President of Global Offshore Markets, at American Bureau of Shipping HQ in…

Woodside Sells 15.1% Scarborough Stake to JERA for $1.4B

Feb 23, 2024

Australia's Woodside Energy has entered agreement with Japan’s largest power generation company JERA for the sale of 15.1% non-operating participating interest in the Scarborough gas field development project offshore Australia.The total consideration…

Equinor Pens 15-Year LNG Supply Deal with Indian Firm

Feb 19, 2024

Norway’s energy major Equinor and the Indian fertilizer and petrochemical company Deepak Fertilisers have signed a 15-year agreement for supplies of liquefied natural gas (LNG) with deliveries starting in 2026.Equinor’s growing global LNG portfolio…

Current News

Yinson Production Refinances FPSO Anna Nery Through $1B Bond Placement

Yinson Production Refinances FPSO Anna Nery Through $1B Bond Placement

ABL Helps Shelter 45 ONGC Rigs Ahead of Storm

ABL Helps Shelter 45 ONGC Rigs Ahead of Storm

Hess Shareholders Sign Off On $53 Billion Sale to Chevron

Hess Shareholders Sign Off On $53 Billion Sale to Chevron

Oil and Gas Firm Santos Taps Japan's Hokkaido Gas for LNG Supply

Oil and Gas Firm Santos Taps Japan's Hokkaido Gas for LNG Supply

Valeura Starts New Drilling Campaign at Nong Yao Offshore Thailand

Valeura Starts New Drilling Campaign at Nong Yao Offshore Thailand

China’s CNOOC Acquires Five Offshore Blocks in Mozambique

China’s CNOOC Acquires Five Offshore Blocks in Mozambique

Russia Planning New Sea Terminal for LPG Exports to Asia

Russia Planning New Sea Terminal for LPG Exports to Asia

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