Production News

U.S. natural gas pipeline exports to Mexico averaged 7.5 billion cubic feet per day (bcfd) in May 2025, the most of any month on record as Mexico's demand for natural gas increases, the U.S. Energy Information Administration said on Monday.On an annual basis, U.S. natural gas pipeline exports to Mexico averaged 6.4 bcfd in 2024, a 25% increase compared with 2019 and the highest on record in data going back as early as 1975, the EIA report stated."Total consumption of natural gas in Mexico increased from 7.7 bcfd to 8.6 bcfd during the same time (2019-2024) period…

A liquefied natural gas tanker has left Russia's Arctic LNG 2 after loading a cargo there, according to data compiled by LSEG and analytics firm Kpler, as the project continues output despite Western sanctions over Moscow's war in Ukraine.The Christophe De Margerie tanker arrived at Arctic LNG 2 on October 17 and departed loaded on October 20, according to Kpler data. Shipping database Equasis lists the tanker's registered owner as Zelitiko Shipping, and its ship or commercial manager as Gas Carriers SCF Management…

Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market.The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement India has yet to confirm.India has become a major trade buyer of Russian oil since Moscow’s invasion of Ukraine in 2022. It purchased 1.9 million barrels per day (bpd) of Russia’s crude in the first nine months of 2025…

The development Argentina’s vast Vaca Muerta share is transforming the nation into a rising energy exporter, with oil and pipeline gas already flowing abroad and an ambitious multi-phase ‘Argentina LNG’ initiative aiming to secure a permanent place in the global liquefied natural gas (LNG) market. While geological resources appear sufficient, the scale and pace of development, however, present challenges.‘Argentina LNG’ is a large-scale LNG scheme designed to massively develop Vaca Muerta's resources to deliver energy to domestic and international market.

Seatrium Limited signed a Letter of Intent (LOI) with Karpowership, a global energy company and the owner, operator, and builder of the world’s largest Powership (floating power plant) fleet.Under the LOI, Seatrium will carry out the integration of four New Generation Powerships, with an option for two additional units. Karpowership will deliver the hulls and key equipment for the four Powerships to Seatrium Singapore, where integration works will begin in the first quarter of 2027.

Ambipar and SBM Offshore announced a solution for cleaning cargo oil tanks on (FPSOs), a solution that importantly is geared to completely remove humans from entering tanks during cleaning activities.“This robotic solution marks a turning point for the offshore industry. By automating a traditionally hazardous process, we are not only enhancing safety but also boosting operational efficiency and reducing environmental impact. It’s a clear demonstration of how innovation and responsibility can go hand in hand…

Floating liquefied natural gas (FLNG) terminals are gaining momentum on the global LNG market, with capacity expected to triple by 2030 according to research from Rystad Energy.Once hindered by technical and operational challenges, FLNG projects are now achieving utilization rates comparable to onshore terminals. With LNG demand rising alongside the growing viability of smaller gas fields, FLNG is emerging as a faster, more flexible and cost-effective solution capable of adapting…

Seatrium has announced the impending delivery of Petrobras 78 (P-78), the first of a series of turnkey floating production, storage and offloading (FPSO) units to Petrobras.The sailaway ceremony took place two weeks ago at Seatrium’s Singapore yard. Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest deepwater oil field globally, with a production capacity of 180,000 barrels of oil per day (bopd), 7.2 million cubic metres (mcbm) of gas per day…

Danos Operations Services has been awarded a contract to provide production services for Beacon Offshore Energy’s new deepwater facility, the Shenandoah floating production system (FPS). The project will employ production operators, instrumentation and electrical technicians, mechanics, and offshore installation managers. Several employees began work on the platform in 2024.The Shenandoah facility is in the final stages of hook-up and is expected to begin producing oil later this summer.

Wind turbine maker Siemens Gamesa is in talks with Chinese suppliers of rare earth permanent magnets about the possibility of bringing production to Europe, in a bid to cut the region's reliance on imports after curbs on supplies from China.Delays in Chinese rare earth export permits have caused European car makers and their suppliers to scramble for alternatives in a market that is dominated by the world's No. 2 economy, threatening production stops across the continent.The wind sector also depends on rare earths processed in China…

The Bureau of Ocean Energy Management announced the publication of a Proposed Notice of Sale (PNOS) for an oil and gas lease sale in the Gulf of America.As directed by Secretary of the Interior and outlined in the PNOS, Lease Sale 262 will offer approximately 15,000 unleased blocks located 3 to 231 miles offshore across the Gulf’s Western, Central, and Eastern Planning Areas. Covering roughly 80 million acres, these blocks are situated in water depths ranging from 9 feet to more than 11…

Norwegian oil and gas company Aker BP has completed the installation of a jacket for a new production platform at the Valhall field in the Southern North Sea.The Valhall production and wellhead platform (PWP) jacket has been installed with the support from Allseas' Pioneering Spirit and Heerema Marine Contractors' Sleipnir, two of the world’s largest offshore vessels, Aker BP informed on social media.The installation followed the removal of an old production and compression platform (PCP).“This marks the end of an era and the beginning of 40 more years of production at Valhall.

Russia signed an investment agreement with Myanmar on Friday that it said could open up new opportunities for Russian energy companies in the south Asian country."We especially note the readiness of the Myanmar side to attract Russian companies to the development of offshore oil and gas fields," Economy Minister Maxim Reshetnikov said after signing the agreement in St Petersburg with Kan Zaw, Myanmar's minister of investment and foreign economic relations.Russia said the deal would help accelerate projects including in Myanmar's Dawei special economic zone…

Aramco President & CEO Amin H. Nasser used his address at Energy Asia 2025 to deliver a pointed message: the global energy transition must be rebalanced with pragmatism, especially for fast-growing regions like Asia that are still heavily reliant on conventional energy.In his speech, Nasser said that the transition narrative of recent years — one that promised a swift, seamless move away from oil and gas — has not aligned with the realities of global demand, particularly in Asia. “We were told it would be rapid, painless, and inevitably mean the collapse of conventional energy.

Egyptian fertilizer producers were forced to halt operations on Friday due to a drop in natural gas imports from Israel, industry sources told Reuters.They said major Israeli gas fields had suspended operations following Israel's military strikes against Iranian nuclear facilities and missile factories.In response, an emergency plan was enacted prioritising gas allocations, including cutting supply to some industries, Egypt’s Petroleum Ministry said in a statement.Power stations have ramped up their use of fuel oil to maximum available levels…

Aker Solutions has signed a contract with Dragados Offshore to deliver the steel substructure for the 2GW HVDC converter station for the BalWin2 offshore wind grid connection system in Germany, developed by Amprion Offshore GmbH. Reference is made to the stock exchange release published on February 10, 2025. With this contract award, Dragados has exercised the option for the second HVDC converter station for the BalWin development in Germany.Fabrication of the HVDC substructures will be executed by Aker Solutions’ yard in Verdal, Norway. At its peak, the project will employ over 450 people.

Seatrium delivered the Floating Production Storage and Offloading vessel (FPSO), BW Opal, to BW Offshore."We would like to express our appreciation to BW Offshore for entrusting Seatrium with their projects over the years," said Marlin Khiew, EVP, Energy (Americas), Seatrium. "The successful completion and delivery of BW Opal marks our 18th FPSO for BW Offshore."Seatrium’s scope of work included installation and integration works of topside modules, deck equipment and the turret mooring system, as well as completion and commissioning support for BW Offshore.

Uruguay's state-run energy firm Ancap plans to launch a bidding round for natural hydrogen exploration and development by the end of the year, with offers expected in 2026, executives said on Wednesday.Ancap is also exploring a bidding round for carbon capture investment, to be launched potentially in 2027, the firm's representatives said at a conference in Houston.Uruguay is considered a promising region by geologists for natural hydrogen exploration due to the significant presence of the element in its rocks.While Uruguay's government has prioritized green hydrogen production as part of its

A consortium led by Exxon Mobil that controls all oil and gas output in Guyana produced 668,000 barrels per day (bpd) of oil last week, the U.S. company's head for the South American country, Alistair Routledge, said during a conference on Tuesday.The group is working to install its fourth floating output facility after receiving it in Guyana's waters in February. In March, the companies produced 627,000 bpd, and the 631,000 bpd average achieved in the first quarter was 3% higher year-on-year…

U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June, a company executive said on Tuesday.The floating production unit, which is expected to produce 120,000 barrels of oil per day (bpd), was in the final stage of being hooked up and commissioned, Michael Clarke, Beacon's vice president of deepwater developments, said at a conference in Houston.The Houston-based privately held company is also looking to sanction the Shenandoah South discovery…

The U.S. Gulf of Mexico can continue growing oil output even amid geopolitical volatility not seen in decades, oil and gas industry leaders said on Monday.U.S. President Donald Trump's global tariff announcements have since last month contributed to a decline in oil prices and fears of an economic downturn, making it more difficult for oil producers to follow his call of "drill, baby, drill.""We've never been in a situation where we have so much geopolitical volatility," said Occidental Petroleum CEO Vicki Hollub…

Subsidiaries of energy major TotalEnergies have applied for an environmental permit for a $16 billion green hydrogen and ammonia project in southern Chile, a regulatory filing showed on Monday.The project, run by the Chilean subsidiary TEC H2 MAG, is expected to begin operations in 2030 and includes a wind farm, seven electrolysis centers for green hydrogen, a desalination plant, an ammonia plant, and maritime infrastructure for shipping.The Andean nation has been promoting the development of clean hydrogen projects, but some companies say lengthy permitting and a lack of infrastructure has le

Saipem has signed a renewal for its framework agreement with Saudi Aramco. The Long-Term Agreement (LTA) now extends until the end of 2027.With the renewal of the LTA, Saipem is reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders, known as CRPOs (Contract Release Purchase Orders). These contracts may relate to both the construction of new investment projects and any projects aimed at maintaining production capacity from Saudi Arabia’s offshore fields.Should Saipem be awarded contracts for activities within the Kingdom under the LTA…