Friday, 6 November 2026

Harbour Energy lifted its full-year 2026 production guidance to 500,000-505,000 barrels of oil equivalent per day from a previous range of 490,000-500,000 boed, according to World Oil.

The upgrade followed record output of 501,000 boed averaged over the first nine months of the year, World Oil reported. Harbour Energy attributed the increase to strong operational performance and the integration of LLOG in the U.S. and Waldorf in the UK.

The Malampaya Phase 4 project has achieved first gas from the Malampaya East-1 and Camago-3 wells, feeding into the existing production system offshore Palawan and adding an estimated 222 Bcf of recoverable natural gas reserves, according to World Oil.

New subsea infrastructure connected the two wells to the existing Malampaya production platform, World Oil reported.

The project reached completion 27 months after its final investment decision, about five months ahead of the original schedule.

The added reserves are capable of generating approximately 31.46 billion kWh of electricity, according to World Oil.

APA Corp. plans to lift its 2027 capital spending to USD 2.5 billion from an expected USD 2.1 billion, with the bulk of the increase directed toward exploration and development of the GranMorgu project, in which APA holds a 40% stake, according to Oil & Gas Journal.

CEO John Christmann said the plan will return the company to its targeted spending range and will include work in Suriname, Alaska, and Uruguay, Oil & Gas Journal reported.

Jumbo Offshore has finished transporting and installing two CALM buoys and two pipeline end manifolds (PLEMs) for the VMOS export terminal offshore Argentina, according to Offshore Magazine.

The VMOS project is designed to support growing crude oil production from the Vaca Muerta formation and enable future exports via very large crude carriers (VLCCs). The terminal's initial handling capacity is designed for up to 550,000 barrels per day, with potential expansion to 700,000 barrels per day, Offshore Magazine reported.

The global fleet of tender-assist and semi tender-assist rigs is heading toward 100% effective utilization before the end of the fourth quarter, according to Offshore Engineer, citing Westwood's RigLogix data.

The worldwide fleet stands at just 29 rigs: 16 active, six warm-stacked, six cold-stacked, and one under construction, per RigLogix. Excluding the cold-stacked T-9 and the newbuild Raiqa, every available unit is expected to be working before the quarter closes.

Tightening utilization across Southeast Asia has pushed pricing higher. Four tender-assist rigs are now securing dayrates above USD 120,000 per day, Offshore Engineer reported, reflecting strong demand against scarce supply.

Argentina's national oil company YPF is selling mature oilfields in the Patagonian province of Chubut to concentrate investment in the Vaca Muerta shale reserves farther north, according to Climate Home News. The pullout is leaving workers and communities with little say in decisions shaping their future.

Chubut has lost around 10,000 direct jobs, and unemployment climbed from 2% to 10% in a single year, according to José Glinski, as reported by Climate Home News.

More than 6,000 wells sit across the province's aging fields, and no party has yet determined who will fund the cleanup, support remaining workers, or finance whatever economic activity follows, Climate Home News reported.