Gulf of Suez Petroleum Company (Gupco) aims to increase its output to about 77,000 barrels per day (bpd) of crude oil during fiscal year 2020/2021, the company’s chairman Mohamed El-Meligy said. [Read more…] about Gupco aims to increase output to 77,000 barrels per day
Eni announces new oil discovery offshore Mexico
Eni announces a new oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, Offshore Mexico. [Read more…] about Eni announces new oil discovery offshore Mexico
New contract for Transocean
Global offshore drilling contractor Transocean has secured a new contract in Norway and multiple extensions, in Norway, US GoM and Myanmar adding U$ 366 ml backlog since last fleet status [Read more…] about New contract for Transocean
EnQuest plans to temporarily leave ‘precarious’ Thistle storage tanks on seabed
EnQuest has revealed plans to temporarily leave a pair of 1,200-tonne oil storage tanks from its Thistle platform at the bottom of the North Sea after structural concerns forced their removal. [Read more…] about EnQuest plans to temporarily leave ‘precarious’ Thistle storage tanks on seabed
Four more workers isolated on North Sea platforms
Four workers on Taqa-owned oil platforms have been isolated despite showing no symptoms of any illnesses. [Read more…] about Four more workers isolated on North Sea platforms
Prosafe and Floatel call off idea to form world’s largest offshore accommodation company
Offshore accommodation units providers, Prosafe SE and Floatel International have mutually agreed to discontinue their merger plan, due to financial uncertainty and process risk. [Read more…] about Prosafe and Floatel call off idea to form world’s largest offshore accommodation company
Crane collapses onto North Sea platform
A crane on a drilling rig has collapsed and landed on a nearby oil production platform in the UK North Sea, a shocking image shows. [Read more…] about Crane collapses onto North Sea platform
Israel limits gas production at Leviathan due to malfunction
Israel’s Energy Ministry said on Thursday it limited production at the new Leviathan natural gas field to 60% after a malfunction was discovered in the project’s subsea pipeline. [Read more…] about Israel limits gas production at Leviathan due to malfunction
Coronavirus causes China crude disruption
Using satellite tracking technology, VesselsValue we have compared China’s real time demand for seaborne crude oil from the Middle East in recent weeks against the same period last year. [Read more…] about Coronavirus causes China crude disruption
CNOOC announces Bozhong 34-9 oilfield commences production
CNOOC announced yesterday that Bozhong 34-9 Oilfield has commenced production. [Read more…] about CNOOC announces Bozhong 34-9 oilfield commences production