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Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest deepwater oil field globally, with an impressive production capacity of 180 000 bpd of oil, 7.2 Upon completion, the P-78 will transit to the Buzios field, where Seatrium will conduct the final phase of offshore commissioning works.
Maria Phase 2 is a four well subsea tie-back to existing infrastructure in Harbour’s operated Maria field. Benefits include Access to locked videos & articles Downloadable white papers Full website access Register for free » Get started now for absolutely FREE, no credit card required. Please sign in or register for free.
“We have a large portfolio of projects that will phase in discoveries to our producing fields. Oil from the Fram field goes through Troll Oil Pipeline II to Mongstad, and gas is exported to Kollsnes via the Troll A platform. Fram West and Fram East started production 2003 and 2006 respectively. Both are tied back to Troll C.
Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Drones Hit Oil Fields in Northern Iraq in Spree of Attacks by Bloomberg | Khalid Al-Ansary & Rakteem Katakey | Wednesday, July 16, 2025 | 5:13 AM EST No one has claimed responsibility for the latest spree. Gulf Keystone Petroleum Ltd., What do you think?
As fields age, they generate higher water to oil ratios. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. However, it is becoming a problem in some onshore fields. This could force operators to stop production in previously profitable fields. Please sign in or register for free.
Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA EIA Reveals Latest USA Crude Oil Production Forecast by Andreas Exarheas | Rigzone Staff | Monday, July 21, 2025 | 8:27 AM EST The U.S. field production of crude oil has averaged 13 million barrels per day or more on 20 occasions.
Johan Sverdrup is the largest oil-producing field in Norway and ranks among the world’s most carbon-efficient oil fields. The field is operated by Equinor, with Aker BP holding a 31.6% The project includes new subsea infrastructure that will increase recoverable volumes by 40 – 50 million bbl of oil equivalent.
“This Memorandum of Understanding outlines the realization of a work program for the appraisal and development of gas resources in the North-East Timimoun region, in synergy with existing processing facilities for production from the Timimoun field, to reduce costs and emissions”, TotalEnergies said in a press release April 8, 2024.
Block 15-1, an oil and gas block with one of the country’s largest reserves and one of the earliest to be developed, is located in the Cuu Long basin in the southern mainland of Vietnam and includes the Black Lion, Golden Lion, Brown Lion and White Lion oil and gas fields, according to the release.
Image by Tatyana Ponomareva via iStock Equinor ASA on Monday announced another discovery in the recently started-up Johan Castberg field on Norway’s side of the Barents Sea. “The licensees will consider tie-in of the discovery to the Johan Castberg field”, said Equinor, which operates Johan Castberg with a 46.3
“The margins are shrinking, the fields are getting smaller,” Taufik said. To achieve that, Petronas is looking for opportunities abroad as fields at home shrink. Petronas will also freeze hiring until December 2026, he said. “It will be challenging to meet dividend targets” with current oil prices, he said.
The resulting pricing mechanism will be economically similar to the mix of prices previously approved for Mako export and domestic gas sales, with 100 percent of the gas produced from the field to be sold at the above-referenced price rather than the usual fixed domestic offtake price, according to the release. Conrad holds a 76.5
Skip to main content The Iberian green industrial opportunity: Carbon capture and storage July 10, 2025 | Article Carbon capture and storage could play a critical role in decarbonizing hard-to-abate industries in the Iberian Peninsula. As the world shifts toward a more sustainable future, addressing carbon emissions remains a top priority.
The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund. Benefits include Access to locked videos & articles Downloadable white papers Full website access Register for free » Get started now for absolutely FREE, no credit card required.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS BW Opal FPSO Arrives at Barossa Field, Commissioning Underway by Paul Anderson | Rigzone Staff | Thursday, June 19, 2025 | 2:53 AM EST The platform's arrival keeps Barossa LNG on track to start production in the third quarter.
“Over 1450 bbl of high-quality oil have now been produced and sold from Keddington since recommissioning, contributing meaningful additional revenues, complementing our established cash flow from Wressle in the UK and our growth projects in the USA at Moccasin, the Andrews Field and our Mineral Royalty portfolio.”
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. feet) deep.
miles) northeast of the Heidrun field and about 270 kilometers (168 miles) north of Kristiansund. million barrels of oil equivalent. Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery.
via iStock McDermott said it has been awarded a “sizeable” offshore transportation and installation contract by Brazilian oil and gas firm BRAVA Energia for the Papa-Terra field in the Campos Basin and the Atlanta field in Block BS-4 within the Santos Basin, both offshore Brazil.
This agreement strengthens the ongoing cooperation with Equinor by integrating cutting-edge technology to optimise field operations. Benefits include Access to locked videos & articles Downloadable white papers Full website access Register for free » Get started now for absolutely FREE, no credit card required. Already a member?
A technical review by the Operator confirmed that an undrained oil resource exists on the eastern side of the Keddington field. In 2024, a significant upgrade of the site’s production facilities and bund area was initiated and completed in May.
Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Iraq Agrees on Oil Plan With Kurds by Bloomberg | Khalid Al-Ansary | Thursday, July 17, 2025 | 4:00 PM EST Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad.
Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Oil Rises on Tight Supply Signals by Bloomberg | Staff | Thursday, July 17, 2025 | 4:03 PM EST Oil rebounded on tighter supply signals and upbeat U.S. said it was on the cusp of reaching a production plateau in the largest US oil field.
million standard cubic feet per day) of natural gas will be supplied from OIL’s Bakhri Tibba Block of Rajasthan, which covers the Dandewala, Tanot and Bagi Tibba fields. Under the extended agreement, 900,000 standard cubic meters per day (31.7
The units’ electrical power needs can be fed by an in-field electrical source. Esquibel, speaking about changes in his field, said that the biggest trend is “optimizing. Another trend Livingston is seeing is a move toward using, or re-using, materials that are currently already in the field. Getting a lot more efficient.”
“Eni and Sonatrach undertake to consolidate cooperation for the enhancement of Algerian energy resources through new contracts aimed at encouraging an increase in gas production, and the extension of gas supply contracts for export to Italy”, Eni said in a statement online.
“The Murlach Field Development Project is a really significant North Sea project and to have our slab gate valves playing such a vital part in its operational safety is a great reflection of the trust the industry has in our products,” David Gallagher, Project Director of BEL Valves, said in the release. in [a] GBP 5 million ($6.7
percent stake in the Scarborough field offshore Western Australia to Japanese companies: 15.1 The LNG will come from Woodside’s LNG portfolio including the Scarborough Enbergy Project, JERA said. Last year Woodside sold a 25.1 percent to JERA and 10 percent to LNG Japan.
Natural Gas $3.56 +0.42% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS What Is The Biggest Oil Discovery of All Time? by Andreas Exarheas | Rigzone Staff | Friday, July 18, 2025 | 6:43 AM EST Rigzone talks to David Moseley, the Head of Europe Research at Welligence. million stock tank barrels.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Inpex Granted Production Concession for UAE Block by Rocky Teodoro | Rigzone Staff | Thursday, June 19, 2025 | 8:56 AM EST The Japanese energy firm has been conducting exploration and evaluation activities in the block since 2018.
operated Buzzard field, which started production 2007; an operating stake of 65.11percent in Mariner, online since 2019; and an 80 percent operating stake in Rosebank, expected to come onstream 2026. Adura will include Equinor’s 29.89 percent stake in the CNOOC Ltd.-operated
Under the Malaysia Bid Round 2025, the Mutiara Cluster Small Field Asset Production Sharing Contract was awarded to Dialog in June. To further strengthen exploration and production cooperation, Petronas formalized a Memorandum of Understanding (MoU) with Dialog Resources Sdn.
The Hoover and Diana fields are located approximately 160 miles south of Galveston, Texas. The hub ties in the remote Diana field around 15 miles away and two satellite fields, Marshall and Madison, each located about seven miles from the facility, according to ExxonMobil. Financial terms of the contract were not disclosed.
The sum will be partly used to develop companies such as Akakus, which operates Sharara — Libya’s largest oil field — in a joint venture that includes TotalEnergies, Repsol SA, OMV AG and Equinor ASA as well as Libyan state companies. The development of its north Jalo field alone would add 100,000 barrels.
“The consideration will be split into a $40 million payment due on completion, $40 million payable at the earlier of field development plan approval or 30 June 2026, and $40 million payable over five years from the third quarter of 2028 onwards”, Tullow said. for at least $120 million in cash.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas, MOL Form CO2 Transport JV by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 4:35 AM EST The partners already completed the front-end engineering design for a 62,000-cubic-meter LCO2 transport vessel.
The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. Its largest assets, measured by net 2P reserves, are Nova, Martin Linge, Kvitebjørn, Eldfisk, Maria, Symra and Ekofisk.
Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Subsea7 Wins Contracts Offshore Norway, Egypt by Rocky Teodoro | Rigzone Staff | Wednesday, July 23, 2025 | 8:00 AM EST The company was awarded two contracts offshore Norway and one offshore Egypt.
Image by JHVEPhoto via iStock Baker Hughes Company was selected by Equinor ASA to provide plug and abandonment services in the Oseberg East field on Norway’s continental shelf. The energy tech company said in a media release that its Mature Assets Solutions team will execute the contract.
ADNOC is most interested in BP’s LNG and gas fields, rather than taking over the entire company, though it has also considered that option, the people said. Abu Dhabi National Oil Co. It is also considering partnering with another bidder to split some of the assets, they said.
“New production from the Johan Castberg field reaching plateau and Halten East contributed. Equinor logged 2.1 million barrels of oil equivalent a day (boed) in equity production in the April-June quarter, up two percent year-over-year.
In particular, Viaro will prioritise the development of the Selene discovery – one of the largest gas fields in the UK Southern North Sea in the past decade. Please sign in or register for free. Already a member?
Wood Mackenzie noted in its release that ExxonMobil found over eight billion barrels of new field resources on a net equity basis since 2015, which it said is more than any other company over the decade. Congratulations to John Ardill and the entire exploration team,” he continued.
Two people behind a new technology currently being field tested by Double Eagle offered some insight into how the mineral capture part can work. And product developers are burning the midnight oil to make the alternatives not only cost-effective, but maybe even profitable.
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