With Repairs Complete, Nexen Pushes to Restart Production at Buzzard

LONDON -(Dow Jones)- Repairs are complete at Nexen Inc.'s (NXY) Buzzard oil field in the North Sea, shut since Saturday after an incident, the company's interim president and chief executive said Wednesday. "[We are] moving to restart the facility today," Kevin Reinhart said in a conference call. Nexen said Monday that there was a bearing failure Saturday morning on one … [Read more...]

Two Cargos of Forties Crude Delayed Due to Buzzard Fire, Production Ramp Up Expected Soon

LONDON (Dow Jones)--Two cargoes from the May loading program of North Sea Forties crude have been deferred as the Nexen Inc. (NXY)-operated Buzzard oil field, the largest contributing to Forties crude oil, remains shut following a fire Saturday at one of its platforms, North Sea traders said Tuesday. Cargo F0507 has been delayed by four days and cargo F0516 by two. In the … [Read more...]

Forties Cargo Delays Expected as Fire Affects Production from Nexen’s Buzzard Platform

LONDON (Dow Jones)--Output at Nexen Petroleum Inc.'s (NXY) Buzzard oilfield, the largest contributing to the Forties crude stream, has been down following a fire on the platform over the weekend, North Sea traders said Monday. Further delays and cancellations of Forties cargoes resulting from the fall in production are likely, the traders said. The U.K.'s Health and … [Read more...]

Nexen’s Buzzard Platform: Damage Unknown to Largest Producer of Forties Crude After Weekend Fire

LONDON (Dow Jones)--U.K. offshore safety inspectors are investigating reports of a fire on Nexen Inc.'s (NXY) Buzzard North Sea platform over the weekend, a spokesman for the Health and Safety Executive said Monday. The HSE was informed of the incident Saturday. The fire was extinguished and all personnel were accounted for. "HSE is aware and will be investigating," said … [Read more...]