Petrobras ended Q2 2024 with an average production of 2.7 MMboed, an increase of 2.4% compared to the same period of the previous year. The increase was driven by the increase in production ( ramp-up ) of the FPSOs Almirante Barroso, P-71, Anna Nery, Anita Garibaldi and Sepetiba, in addition to the entry into production...Continue Reading
Eco (Atlantic) Oil & Gas Ltd., an oil and gas exploration company focused on the offshore Atlantic Margins, has announced its audited results for the year ended March 31, 2024. SourceContinue Reading
MAN PrimeServ – the after-sales brand of MAN Energy Solutions – will offer a retrofit package for the conversion of conventional MAN four-stroke engines already in the field to dual-fuel methanol operation. SourceContinue Reading
Kaskida will be bp’s sixth hub in the Gulf of Mexico, featuring a new floating production platform with the capacity to produce 80,000 bopd from six wells in the first phase. Production is expected to start in 2029. SourceContinue Reading
The disruption caused by Hurricane Beryl led to temporary reductions in U.S. LNG exports, contributing to fluctuations in global gas prices. Freeport LNG’s gradual return to full production is a significant step towards stabilizing these markets. SourceContinue Reading
The contracts were awarded to Exxon Mobil and Macquarie. The oil will be delivered to the reserve’s Bayou Choctaw storage site from October 1 through December 31, the Energy Department said. SourceContinue Reading
Viaro will take full ownership of the Bacton onshore gas terminal and 11 offshore facilities that produced around 28,000 boe last year, according to a statement from the company on Tuesday. That’s equivalent to about 5% of total UK gas production, and the company said it sees potential to expand production further. SourceContinue Reading
Subsea7 has been awarded an engineering, procurement, construction, and installation contract by bp for the Murlach development, formerly known as the Skua field, located 149 miles east of Aberdeen in the UK North Sea. SourceContinue Reading
European energy companies have been grappling with competing forces — the negative impact of low natural gas prices and falling refining margins due to weak fuel demand, against the positive effect of higher crude prices amid OPEC+ supply cuts. For Eni, the upside outweighed the downside. SourceContinue Reading
The cost to drill and frac new wells in U.S. shale basins is expected to drop about 10% this year as explorers look to get more for less amid record output, according to a report from Wood Mackenzie. SourceContinue Reading
