Production NEWS

TotalEnergies CEO Patrick Pouyanne defended the firm’s greenhouse gas emissions strategy, saying the company would remain committed to oil and gas for a long time.

Alaska can be a rugged and unforgiving place, and that’s not just its landscape. Its economy is prone to big booms and wrenching busts. Lately, it has seen more busts.

During a meeting held on July 9 in Algiers between Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Toufik Hakkar, Chief Executive Officer of SONATRACH, several agreements were signed to strengthen the cooperation between the two companies in the production of natural gas in Algeria, the delivery of liquefied natural gas (LNG) to Europe, as well as the development of renewables in Algeria.

TotalEnergies and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) announced the start of production of the first phase of development of the Absheron natural gas and condensate field in the Caspian Sea, around 100 km south-east of Baku.

An international competition is heating up for the engineering, procurement and construction (EPC) contract for two newbuild floating production, storage and offloading vessels destined for Petrobras’ projects offshore its native Brazil.

A small fire has reportedly been extinquished quickly on board Equinor's Gina Krog production platform in the Norwegian North Sea. There were no injuries reported from the fire on Wednesday morning, but production has been shut down, according to Upstream's sister publication DN, which quoted a Norwegian police report.

The intensity of methane and greenhouse gas emissions from the oil and gas sector declined 28% and 30%, respectively, between 2019 and 2021 among the largest producers in the country, according to an analysis published by the nonprofits Clean Air Task Force and Ceres.

Shell Plc (SHEL.L) will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday.

TAG Oil Ltd. announced the successful re-entry of the vertical well, BED 1-7, at the Badr oil field in the Western Desert, Egypt. The company perforated the Abu Roash "F" formation ("ARF Formation") and conducted a Diagnostic Fracture Injectivity Test (DFIT). The reservoir was further fracture stimulated with a large 110 tons sand treatment and pump schedule with positive response confirming reservoir models and projected performance.

Ruya development aims to achieve plateau oil production of 300,000 bpd from Al Shaheen field.

bp has successfully started oil production at its Argos offshore platform, delivering more energy at a critical time and strengthening bp’s position as a leading producer in the deepwater U.S. Gulf of Mexico.

Several OPEC+ members shocked the market over the weekend, announcing further voluntary supply cuts. These cuts were announced ahead of the Joint Ministerial Monitoring Committee (JMMC) meeting scheduled for April 3, where the expectation was that the committee would recommend keeping output policy unchanged.

The UK’s energy import bill surged to £117 billion ($127.12 billion) last year – more than double 2021’s total of £54 billion ($58.67 billion), according to data in a new report from Offshore Energies UK.

Atlas Petroleum International Limited announced the development of the Venus oil discovery in Block P, Equatorial Guinea, jointly with its partners Vaalco as Operator, and Guinea Ecuatorial de Petroleós Co. (GEPetrol) as the state-owned oil company of Equatorial Guinea, representing the interests of the state.

Singapore-headquartered independent Jadestone Energy has discovered more issues with the still offline floating production, storage and offloading vessel on its Montara oilfield offshore Australia.

Sarawak Shell Berhad (SSB), a subsidiary of Shell plc, has completed the sale of its stake in two offshore production sharing contracts (PSC) in the Baram Delta to Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP).

Official analysis reveals accelerating the decline of Scotland’s oil and gas production will increase Scotland’s emissions, threaten jobs and ultimately could make Scotland poorer. The report, commissioned by the Scottish Government, says Scotland will need to ‘carefully manage’ the decline in oil and gas alongside the growth of the new low carbon sector to ‘minimize any negative impacts of the energy transition on society and the economy’.

Malaysian state-owned energy giant Petronas has signed a deal with compatriot SMJ (SMJSB) to farm out a key stake in the Samarang production sharing contract offshore Sabah, East Malaysia.