Norwegian player’s compressor system hand-picked for Yinson Production’s Angola-bound FPSO

(OET) Norway’s compressed air systems supplier TMC Compressors has been hired by Yinson Production to deliver a large-capacity marine compressed air system on board a floating, production, storage, and offloading (FPSO) vessel destined to operate offshore Angola. TMC Compressors reported on Monday, January 29, 2024, that the marine compressed air system would entail compressors for control... Continue Reading →

January 29, 2024 0

Following alterations, US monetary penalties for oil & gas players get bigger

(OET) The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has made modifications to monetary penalties for oil and gas companies, implementing the 2024 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations per Federal law. The Bureau of Ocean Energy Management made the final rule announcement on Thursday, January 25, 2024,... Continue Reading →

January 26, 2024 0

CNOOC’s plans for 2024: Upping hydrocarbon production, natural gas exploration, and green power ante

(OET) Within its 2024 Business Strategy and Development Plan, China’s oil and gas giant CNOOC Limited has outlined a set of objectives for the year ahead. With energy demand on the rise, the Chinese giant has unveiled intentions to step up oil and gas production, bolster its hydrocarbon reserves, and scale up natural gas exploration... Continue Reading →

January 25, 2024 0

Brazil, Guyana replace Urals in Europe

(Argus) Brazilian and Guyanese medium sweet grades have replaced Russian Urals in Europe and are unlikely to face competition from other crude producing Latin American countries, according to Gustavo Hooper, head of trading and shipping at Brazilian independent Prio. "After the changes with the Russia and Ukrainian war, China lost a bit of the market... Continue Reading →

January 25, 2024 0

Aibel-Built Modules for Equinor’s Bacalhau FPSO Set Sail for Singapore

(OE) The topside modules for the giant Bacalhau floating production storage and offloading (FPSO) unit have started the journey to Singapore where they will be integrated with the hull before heading for an assignment to Equinor-operated oil project offshore Brazil. The 22,000 tons of newly constructed modules, designed and built by Norwegian firm Aibel, have... Continue Reading →

January 24, 2024 0

Well intervention ops on the cards to bring Karoon’s Bauna offshore well back online

(OET) Australian oil and gas company Karoon Energy is working on sorting out the issues impeding the restart of production from a well located on a field in the Santos Basin offshore Brazil. To this end, well intervention activities are seen as the likely solution for the well to come back online. Karoon’s production from the Baúna project,... Continue Reading →

January 24, 2024 0

Petronas seeks fiscal incentives to develop Suriname gas project

(Reuters) - Suriname should boost incentives for energy companies looking to develop oil and gas discoveries, said Zamri Baseri, head of Malaysia's Petronas (PETRA.UL) in the South American country. Baseri did not specify the incentives his company is looking for, but lower royalties and taxes, or commercial incentives often hasten investment decisions by energy companies.... Continue Reading →

January 23, 2024 0

Navitas assessing FPSOs for Phase 1 offshore Falklands Sea Lion project

(OM) Rockhopper Exploration has commented on a progress report on the Sea Lion oil development in the offshore North Falkland basin from operator Navitas Petroleum LP. This includes an updated development plan, which takes into account static and dynamic reservoir models. Netherland Sewell & Associates’ latest independent report has increased gross 2C resources in the partners’ licenses in the basin... Continue Reading →

January 23, 2024 0

Eco Atlantic set to assume outright ownership of offshore Guyana block

(OM) Eco Orinduik has informed Guyana’s Minister of Natural Resources of its intention to enter the second phase of the second renewal period of the offshore Orinduik license. There is a commitment to drill one exploration well into the Cretaceous Formation before the license period ends on Jan. 13, 2026. TOQAP Guyana, the joint entity held... Continue Reading →

January 23, 2024 0

Milei Suspends Plan to Privatize Argentina State Oil Company YPF

(Bloomberg) -- The privatization of state-run oil company YPF SA is no longer included in sweeping reforms that President Javier Milei is trying to get approved by Argentina’s congress, according to a summary of the legislation circulated by the government Monday. The so-called omnibus bill, currently up for debate in the lower house, was changed... Continue Reading →

January 23, 2024 0

Blog at WordPress.com.

Up ↑

Category: Operators

Norwegian player’s compressor system hand-picked for Yinson Production’s Angola-bound FPSO

Following alterations, US monetary penalties for oil & gas players get bigger

CNOOC’s plans for 2024: Upping hydrocarbon production, natural gas exploration, and green power ante

Brazil, Guyana replace Urals in Europe

Aibel-Built Modules for Equinor’s Bacalhau FPSO Set Sail for Singapore

Well intervention ops on the cards to bring Karoon’s Bauna offshore well back online

Petronas seeks fiscal incentives to develop Suriname gas project

Navitas assessing FPSOs for Phase 1 offshore Falklands Sea Lion project

Eco Atlantic set to assume outright ownership of offshore Guyana block

Milei Suspends Plan to Privatize Argentina State Oil Company YPF

Archives

Contact Us