LogIn LogOut

Oil & Gas Production News - page 9

 

China Steps Up Purchases of Nigerian Crude

Jun 16, 2023

Differentials for some grades of Nigerian crude rose on Friday, while Chinese refiners stepped up purchases of crude from other West African exporters.At least around 35 cargoes of Nigerian crude for loading in June and July have yet to find a buyer…

ADNOC L&S to Build $975M Artificial Island for Lower Zakum Offshore Field

Jun 08, 2023

ADNOC Offshore has awarded ADNOC Logistics and Services a $975-million contract to build an artificial island for an offshore oil field project in Abu Dhabi.According to ADNOC L&S, at least 75% of the total contract value for dredging, land…

First Gas from Gorgon Stage Two Development

Jun 07, 2023

Chevron Australia and the Gorgon Joint Venture Participants have announced the production of first gas from the Gorgon Stage Two development off the northwest coast of Western Australia.The development expands the existing subsea gas gathering network of the Gorgon Project…

Kazakhstan to Press Ahead with $16.5B Claim Against Oil Majors

Jun 06, 2023

Kazakhstan is pressing ahead with $16.5 billion in claims against international oil majors over disputed project costs and has no plans for a possible out-of-court settlement, Energy Minister Almasadam Satkaliyev said on Tuesday.The legal wrangling…

Saudi Output Cut Unlikely to Lift Oil Prices to High $80s-low $90s, Citi Says

Jun 06, 2023

Top crude exporter Saudi Arabia's one million barrel per day (bpd) oil output cut is unlikely to underpin a 'sustainable price increase' into the high $80s-low $90s with weak fundamentals pointing to lower prices by year-end, Citi analysts said in a note on Tuesday…

Vietnam: FSO PTSC Bien Dong 01 Contract Renewed for 5 Years

Jun 06, 2023

PTSC South East Asia (PTSC SEA) has received a 5-year extension for the bareboat charter contract for FSO PTSC Bien Dong 01.PTSC South East Asia is a joint venture between Malaysia's Yinson Production (“YP”) and PetroVietnam Technical Services Corporation (PTSC)…

Kazakhstan’s Oil Output Drops 3% in May vs April to 1.55 mln bpd - Sources

Jun 05, 2023

Kazakhstan cut its oil production (excluding gas condensate) by 3% on a daily basis in May compared to April to 1.55 million barrels per day (bpd), Reuters calculations based on data from two sources familiar with preliminary data showed on Monday…

Why is OPEC+ Cutting Oil Output?

Jun 05, 2023

The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.Saudi Arabia, the group's biggest producer, will…

New Zealand: MN1 Offshore Well Restarts Oil Production After Year-Long Shutdown

Jun 05, 2023

The MN1 oil production well at the OMV-operated Maari/Manaia field offshore New Zealand has restarted production after having been offline since May 2022.Cue Energy, a partner in the Maari Joint venture, on Friday, announced the successful repair of the well…

Brent May Rise Toward $100/bbl as Saudi Output Cut Could Worsen Supply Gap - Analysts

Jun 05, 2023

A global shortfall in crude oil supply is set to deepen in the third quarter as the world's top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards $100 a barrel by the end of the year, analysts said…

Saudi Pledges Big Oil Cuts in July as OPEC+ Extends Deal into 2024

Jun 05, 2023

Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices.Saudi's energy ministry said the country's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May…

Valeura Extends FPSO Charter and Maintenance Services Contract for Jasmine Oil Field

Jun 01, 2023

Valeura Energy said Thursday it had signed two key contracts relating to its Jasmine oil field offshore Thailand.Namely, Valeura’s charter of the field’s FPF-003 floating production storage and offloading vessel (“FPSO”), and a contract for…

Russia's Sakhalin-1 Oil Production Back at Peak 200,000 bpd, ONGC Says

May 29, 2023

India's state-run Oil and Natural Gas Corp said oil output from the Sakhalin-1 project in Russia has bounced back to its plateau level of about 200,000 barrels per day (bpd) from zero, according to a company presentation.ONGC hopes to reclaim…

Vietnam Bets Big on LNG, South China Sea Gas Fields Amid Supply, Security Risks

May 17, 2023

Vietnam's plan to quadruple by 2030 its gas processing capacity, turning it into its first source of energy, marks a big bet on imported liquefied natural gas (LNG) and its reserves in the South China Sea, despite supply and geopolitical risks…

Jadestone Energy Gets NOPTA Nod for CWLH Title Transfer, Key to Drawing RBL

May 17, 2023

Asia-pacific focused oil and gas company Jadestone Energy has received approval from Australia’s National Offshore Petroleum Titles Administrator (“NOPTA”) for the title transfer relating to the acquisition of the interest in the Cossack, Wanaea…

Current News

SLB Names Raman CSO, CMO

SLB Names Raman CSO, CMO

Eco Wave Finds Partner for Wave Energy Project in India

Eco Wave Finds Partner for Wave Energy Project in India

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

ONGC and BP Sign Deal to Boost Production at India's Largest Offshore Oil Field

ONGC and BP Sign Deal to Boost Production at India's Largest Offshore Oil Field

SOV/CSOV Shipbuilding Market: Strong Growth, Volatility in Coming 5 Years

SOV/CSOV Shipbuilding Market: Strong Growth, Volatility in Coming 5 Years

ADNOC Secures LNG Supply Deal with India's BPCL

ADNOC Secures LNG Supply Deal with India's BPCL

India Set to Launch Oil and Gas Licensing Later This Week

India Set to Launch Oil and Gas Licensing Later This Week

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

Copper drops as short-covering evaporates
Sources say that India's NTPC is planning to spend $62 Billion on nuclear power.
The cybersecurity firm of Austrian ex-chancellor Kurz has been valued at $1 billion
https://accounts.newwavemedia.com