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Beacon Offshore Kicks Off Shenandoah Production

OilPrice

Beacon Offshore Energy has officially started oil and gas production at its long-awaited Shenandoah field in the U.S. Phase 1 production is expected to ramp up to 100,000 barrels per day in the third quarter.

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CNOOC Starts Heavy Crude Production at China’s Largest Shallow Oil Field

OilPrice

CNOOC Ltd, China’s top offshore crude oil and natural gas producer, has launched production of heavy crude from its Kenli 10-2 Oilfields Development Project, which is the largest shallow lithological oilfield offshore China, the company has said.

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Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

“Facilities such as this will play an instrumental part in supporting marginal field production by facilitating crude exports and increasing revenue generation in Nigeria,” said the African Energy Chamber (AEC) in a statement. “As The terminal itself boasts a storage capacity of 750,000 barrels.

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Equinor’s Johan Castberg Field Starts Producing at Peak Capacity

Offshore Engineer

Only three months after coming on stream, Equinor’s Johan Castberg field in Barents Sea has started producing at peak capacity of 220,000 barrels of oil per day…

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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

Almost all well-known international companies” are vying for the 22 offshore and onshore blocks, he said. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. Eni SpA and Exxon Mobil Corp. million bpd.

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Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso

Oil & Gas 360º

Stabroek is a highly attractive asset, with 11 billion barrels of oil reserves and production costs of only around $20 a barrel, among the lowest in the world, according to consultancy Rystad Energy. These firms replenish their reserves not only to grow output but also to offset existing fields’ natural decline. energy sector.

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Badawi Discusses Natural Gas Investment Plans with bp

Egypt Oil & Gas

This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. Earlier this year, bp started production from the second development phase of the Raven field, offshore the Mediterranean.