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Oil & Gas Production News - page 6

 

Expro Marks Four Decades of Subsea Work

Jan 03, 2024

Expro (NYSE: XPRO) is celebrating 40 years of subsea sector leadership since launching its first subsea test tree system in the North Sea in 1983.From the creation of its first 10ksi subsea test tree assembly (SSTTA) for an exploration and appraisal…

Harnessing the Power of APM 4.0

Jan 02, 2024

Ryan Conger, Technical Sales Manager for APM at ABB Energy Industries, explains how reactive asset performance management (APM) has evolved into APM 4.0, and why partnering with a trusted technology provider can help oil and gas operators avoid costly downtime and maximize profitability…

West Azeri Platform Marks 1 Billion Barrels Milestone

Dec 29, 2023

West Azeri platform, located in the Caspian Sea at Azeri-Chirag-Gunashli (ACG) oil field, has achieved 1 billion barrels total production.The announcement was made by BP, which is the operator of ACG oil field, on behalf of its partners SOCAR…

Petronas and PTTEP Sign Deals for Oil and Gas Ops Offshore Malaysia

Dec 26, 2023

Malaysia’s Petronas Carigali and Thai PTTEP have signed agreements related to the development of PTTEP-operated oil and gas Blocks SK405B and SK410B located off the coast of Sarawak, offshore Malaysia.Petronas and PTTEP signed a memorandum of…

Equinor Divests All Remaining Oil Assets in Azerbaijan

Dec 22, 2023

Equinor and SOCAR (State Oil Company of Azerbaijan Republic) have signed an agreement by which the Norwegian energy industry giant will divest all its remaining assets in Azerbaijan to SOCAR.The assets comprise a 7.27% non-operated interest…

The Rig Market: What’s in Store in ’24?

Dec 20, 2023

2023 has been another noteworthy year for the rig market’s ongoing recovery, with a 3% increase in global marketed utilization versus 2022, a demand increase of 29 rigs, a 7% uptick in average contract duration, 16 further reactivations and newbuild deliveries…

World Oil Demand Next Year to Rise Faster than Expected, IEA Says

Dec 14, 2023

World oil demand will rise faster than expected next year, the International Energy Agency (IEA) said on Thursday, a sign that the outlook for near-term oil use remains robust despite this week's COP28 agreement to transition away from fossil fuels…

Oil Investors to Usher in 2024 Amid Oversupply, Demand Concerns

Dec 14, 2023

Oil investors will usher in 2024 with gnawing concerns about oversupply, slowing economic growth and simmering Middle East tension that could spark price volatility.Benchmark Brent has averaged around $80 a barrel this year, after a volatile…

Shell Takes 100% Working Interest in GoM Kaikias Field

Dec 14, 2023

Supermajor Shell reports it now has 100% working interest in the Kaikias field in the U.S. Gulf of Mexico after acquiring a 20% stake from Mitsui's MOEX North America.The field Kaikias, located in the prolific Mars-Ursa basin, approximately 130 miles from the Louisiana coast…

FPSO Atlanta Prepped to Join Yinson Fleet in '24

Dec 13, 2023

Yinson Production officially named its latest addition to the fleet, FPSO Atlanta, during a naming ceremony held at Dubai Drydocks World on December 13, 2023.FPSO Atlanta has a production capacity of 50,000 BOPD and a maximum storage capacity of 1…

Indonesia OKs Plan for Rokan Block

Dec 05, 2023

Indonesia has approved a $238.71 million development plan for steamflood enhanced oil recovery in the Rokan block, the country's upstream oil and gas regulator SKK Migas said. The first development phase of the Rantaubais field in Rokan block…

Malaysia Banks 1 Billion+ BOE Discoveries in 2023

Dec 01, 2023

PETRONAS and its Petroleum Arrangement Contractors recorded 19 exploration discoveries and two exploration-appraisal successes, contributing over 1 billion barrels of oil equivalent (bboe) of new resources for Malaysia in 2023. This achievement…

Webinar: How to Overcome Dynamic Emulsion Layer Measurement Challenges

Nov 29, 2023

Asian Oil & Gas (AOG) is hosting a webinar on the groundbreaking patents that are pushing multiphase detection, measurement, and control technology forward.Throughout the oil and gas and petrochemical industries, liquid-to-liquid separation is a fundamental process…

Brent Climbs Ahead of OPEC+ Oil Production Decision

Nov 24, 2023

Brent crude futures rose in early Asian trade on Friday, reversing losses in the previous session as traders speculated on whether OPEC+ would come to an agreement on further production cuts.Brent crude futures LCOc1 gained 29 cents, or 0.4%…

Sultan al-Jaber: the UAE Oil Boss Steering COP28

Nov 23, 2023

Sultan al-Jaber, the United Arab Emirates oil chief executive and leader of COP28 climate talks, has a formidable reputation for earnestly pursuing results.His position as leader of state energy giant ADNOC has alarmed environmental critics…

Current News

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

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