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Equinor has made an oil discovery near Johan Castberg, which could boost reserves at the giant field in the Arctic Barents Sea. Equinor, whose Johan Castberg field has recently reached peak production, has struck oil in exploration well Drivis Tubåen, the Norwegian energy major said on Monday.
Shell and its partners have started up two subsea compressors to boost the recovery rate at the Ormen Lange natural gas field in the Norwegian Sea, the UK-based supermajor, which operates the field, said on Friday. Shell expects the compression stations to raise the gas recovery rate to 85% from the current 75%.
Iraq’s Dhi Qar Oil Company has raised oil production by a combined 80,000 barrels per day across three strategic southern fields, Nasiriyah, Gharraf, and Saba, IraqiNews reported on Monday, marking one of the country’s most significant boosts this year as OPEC+ opens the door to higher member output.
Israel has ordered the shutdown of its massive Leviathan gas field, cutting off a critical supply line to Egypt just as regional tensions with Iran erupt into open conflict. Chevron, the operator of Leviathan, confirmed the halt on Friday after Israel’s Energy Ministry issued the order, citing escalating security threats.
China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No. 1 natural gas project in the South China Sea, boosting domestic output by 4.5 billion cubic meters (bcm) per year.
Utilities operate in high-stakes environments where operational resilience, infrastructure reliability, and workforce efficiency are essential for maintaining uninterrupted service.
Shell sees the start-up of the Bonga North deepwater oil and gas field by 2027, while TotalEnergies expects the Ubeta gas field to also begin production by that year, the top executives of the Nigerian units of the supermajor told an energy conference in Nigeria.
Ask any oilfield operations manager what slows down invoicing and you’ll hear it every time: submitting field tickets from the job site to the office. Now, let’s talk about the most underrated solution to fix it: digital field tickets. And when invoicing stalls, so does your cash flow. Invoices go out in hours – not weeks.
Iran is targeting a dramatic increase in oil production from the fields it shares with neighbouring Iraq, according to the chief executive officer of its Petroleum Engineering and Development Company (PEDEC), Nasrollah Zarei. Other notable major shared fields among many others -- are Azar (on the
Chinas state energy company CNOOC said today it had discovered a new oil field in the South China Sea that could contain over 100 million tons of crude oil, equal to around 733 million barrels. Dubbed Huizhou 19-6, the field is located some 100 miles offshore the province of Shenzhen.
Iran is boosting natural gas production from Phase 11 of the giant South Pars field after bringing online a key new well, Iranian media reported on Tuesday. Thus, the total natural gas output at the giant South Pars field has reached 20 mcm/d.
Portugal-based energy company Galp expects its oil production in Brazil to jump by 40% in the coming years as a new major field is set to begin production later in 2025, Nuno Bastos, EVP Upstream, has said. The expected start-up of the Bacalhau field, operated by Norways Equinor, is set
Its South Pars field spans 3,700 square kilometres and holds an estimated 14.2 Iran has awarded US$17 billion of contracts to attempt to reverse a dramatic projected production decline from the worlds biggest gas reservoir. trillion cubic metres (tcm) of gas reserves plus 18 billion barrels of gas condensate.
Michael Shanks, a minister working under energy secretary Ed Miliband, will be visiting Scotland on Thursday with a decision set to be made on the government’s intervention on legal cases won by environmentalists last year over an oil project by Equinor at Rosebank and a gas field by Shell in Jackdaw.
Libya’s National Oil Corporation (NOC) has signed agreements with supermajors BP and Shell to explore and evaluate the oil and gas potential of several fields in the African country, marking another step in Big Oil returning to doing business in Libya.
CNOOC has installed the largest and heaviest offshore platform at a field in the Bohai Sea, the company said today, boasting the facility was 22.8 The platform was installed at the Kenli field, at a depth of some 20 meters, which has proven reserves of some 100 million tons of crude oil. meters high and weighed over 20,000 tons.
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…
When completed in […] The post Green Light for Second Geothermal Power Project in Kenya’s Menengai Field appeared first on POWER Magazine. (GDC) are readying to launch construction of the 35-MW Menengai II geothermal project in Kenya’s Nakuru County.
Israeli authorities allowed the Chevron-operated Leviathan natural gas and condensate field to restart production, after ordering a pause about two weeks ago amid Israel's exchange of attacks with Iran.
billion (13 billion Norwegian crowns) in the Phase 3 expansion of the Johan Sverdrup oilfield in the North Sea, Western Europe’s biggest oil-producing field. Equinor and its partners have decided to invest $1.3 The Phase 3 development plan includes two new subsea templates, which will be tied into existing infrastructure via new pipelines.
Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU) revealed on Wednesday. Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, with plans for an increase to 25,000 bpd by July. mb/d currently to 2 mb/d in 2028.
Across the globe operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects instead of expensive, high-risk exploration plays.
“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 For Nigeria’s marginal fields, the terminal opens new doors for greater operational efficiency.
billion (NOK 13 billion) investment in the third phase of Johan Sverdrup field, which entails the installation new… Equinor and its partners have approved the $1.29
Vår Energi and Kistos Energy Norway have started production through Jotun floating production, storage and offloading (FPSO) unit at the Balder field in the North Sea…
In the next posts, we’ll cover why digital field tickets are a game-changer and how service companies are slashing DSO from months to days ( and in many cases to zero). Resistance at every turn: paper field tickets, manual processes in the field and back office, and a disconnect between operations and accounting. The result?
“Certain nationalities, especially British experts, have also exited Iraq,” the source told Shafaq News, “yet continue to receive full salaries despite their absence from the field.” Some foreign technical experts, especially those who had entered Iraq with visas issued in Kuwait, are now unable…
Centrica has announced plans to sell off a big chunk of its holding in the Cygnus gas field in the southern North Sea. Cygnus is one of the largest gas fields in the UK section The deal will see Spirit Energy a subsidiary of Centrica offload its 46.25 per cent stake in the site for around 215m to Ithaca Energy.
The eastern government of Libya may declare force majeure on oil export terminals and oilfields due to repeated assaults on the National Oil Corporation (NOC), said the government based in Benghazi.
Baker Hughes, an energy technology company, has secured a contract from Equinor to provide its plug and abandonment (P&A) services in the Oseberg East field on Norway’s continental shelf…
British Oil & Gas giant BP Plc (NYSE:BP) has received final approval by the Iraqi government for the redevelopment of the giant Kirkuk oil fields, with an initial plan to produce 3B boe. BP will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model, Iraqi oil ministry officials have revealed.
Libya is planning to launch a new auction for marginal fields later this year as part of a national strategy to boost crude production to 2mn b/d by the end of the decade, NOC officials said at an industry event on 2 July.
Shale titan Harold Hamm isnt mincing wordsif oil prices stay this low, drilling in some of Americas prized shale fields could grind to a halt. fields are already on shaky ground. Speaking at CERAWeek in Houston, the Continental Resources founder warned that with oil hovering near $65 a barrel, many U.S.
Bloomberg reported the Raymond James figures, noting projects such as the giant Tengiz field in the Kazakh section of the Caspian Seaone of the largest oil discoveries in modern timesand the Bacalhau field in Brazil, which has an estimated potential of 1 billion barrels of oil equivalent. But only if the price is right.
The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston.
Israel's NewMed said on Wednesday the Leviathan natural gas field that supplies gas to Egypt and Jordan, shut down nearly two weeks ago due to the Iran-Israel conflict…
Amid the escalating conflict in the Middle East, Italian energy major Eni has reduced the number of staff at the Zubair oil and gas field in Iraq as a precautionary measure, an Eni spokesperson told Reuters on Monday. The Israel-Iran conflict that began earlier this month took a major turn this weekend after the U.S.
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream the Weizhou 5-3 oil field development project in Beibu Gulf Basin in the South China Sea…
Saudi Arabia and Kuwait announced on Monday that Wafra Joint Operations had made a new oil discovery in the North Wafra Wara-Burgan field, located 5 kilometers (3.1 miles) north of the Wafra field, the official Saudi Press Agency reported.
Located approximately 100 kilometers north of the Snhvit field, Castberg is now the second operational oilfield in Norways Barents Sea, following Vr Energi's Goliat field, which began production in 2016. The Johan Castberg field is based on three key
BW Opal floating production, storage and offloading (FPSO) unit, operated by BW Offshore, has arrived at Santos’ Barossa gas field, marking a critical milestone…
Turkeys state energy firm TPAO will sign a partnership deal with UK-based supermajor BP and with Azerbaijans state oil and gas company Socar for the development of a natural gas field in the Azeri sector of the Caspian Sea, Turkish Energy Minister Alparslan Bayraktar said on Monday.
Shell has brought on stream the new phase of Ormen Lange field in the Norwegian Sea, bolstering production and adding important gas volumes to Europe.The Ormen Lange…
The Troll field… The plan for development and operations was submitted on Thursday to Norway’s Minister of Energy. The Fram Sør project is a combined development of several discoveries that will export oil and gas via Troll C.
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