Production

Shell Offshore Inc. announced the start of production at PowerNap, a subsea development in the U.S. Gulf of Mexico with an estimated peak production of 20,000 barrels of oil equivalent per day.

Chevron Corp.’s oil production venture in Kazakhstan -- which operates the country’s largest field -- is curbing output due to issues at a supply link on the Black Sea.

Ampelmann, the Dutch offshore access provider, has signed a contract to support maintenance work on a floating production storage and offloading unit in Ivory Coast.

SBM Offshore announced that it has entered into a shareholder agreement with its long standing business partners Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha.

TotalEnergies SE is working on a plan to develop gas discoveries in South Africa with its partners and the government, according to its managing director in the country.

An accelerated focus on strategic priorities such as capital stewardship, digitalization, and environmental sustainability is driving significant change in the oil and gas industry. With an upcycle on the horizon and offshore production poised to play a critical role in the overall energy mix, the industry must leverage technological innovation and new ways of working to fully embrace the reinvention of offshore oil and gas production. Electrification of offshore infrastructure opens the way to achieve lower-carbon energy sources, enabling operators to decrease their operational footprint while simultaneously supporting digitalization and reducing environmental impact. Schlumberger Electrification Program Manager for Production Systems Stephane Hiron will discuss how electrification is key to lower-cost, lower-carbon energy production and accomplishing returns-focused performance results.

Neptune Energy and its partners announced hydrocarbons were encountered at the Hamlet exploration well in the Norwegian sector of the North Sea.

Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has successfully commenced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia.

The UK's offshore energy industry has welcomed a speech by Boris Johnson warning that it would be “crazy” to shut down North Sea oil and gas production in the face of global shortages and price spikes.

A new gas field found under the North Sea off East Anglia has this week produced its ‘first gas’ – and more such developments are on the way, according to IOG.

Sembcorp Marine announced the completion of the Johan Castberg FPSO (Floating, Production, Storage and Offloading) vessel and its delivery to Equinor. The FPSO has set off to Norway.

SBM Offshore announced that floating, production, storage and offloading vessel Liza Unity has produced first oil as of Feb. 11 and is formally on hire.

With good operational performance since the field came on stream in June and high oil and gas prices, the investments in the field are expected to be recovered in full during 2022.

Oil and gas drilling is big business once again, if the leap in demand for services from Baker Hughes Co., the world’s No. 2 oilfield contractor, is any gauge.

Brent oil traded near the highest intraday level since 2014 as the market tightened and concerns about the impact of omicron eased.

Equinor ASA will make a $1.8 billion impairment on its Mariner field after slashing reserve estimates for the U.K. North Sea oil deposit.

The investment supports ADNOC’s oil production capacity plans of five million barrels per day by 2030 while ensuring energy security for the United Arab Emirates and partners around the world.

Oil climbed amid skepticism about whether OPEC and its allies can successfully raise output as much as they intend.

OPEC and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand.

Historically, the subsea development workflow was sequential, fragmented, and not adaptive to change. That has made it difficult, time consuming, and expensive to manage the changes that are inevitable in the energy industry. OneSubsea Agile Subsea Production Systems—Agile SPS—enhance subsea performance from appraisal through abandonment to mitigate the dynamic risks associated with subsea production system selection, configuration, delivery, and production. And, regardless of your basin’s status, development phase, or current infrastructure, Agile SPS bring optimized performance through its life of field configurability. Agile SPS adapt to dynamic field conditions for the life of the field incorporating a standard platform that starts with a common core and adapts to your requirements with numerous fit-for-purpose functional modules that address technical challenges without affecting the core performance. Discover how Agile SPS offer you the responsiveness, functionality, and certainty that you need to strengthen your business case and optimize economic viability in your basin.