The world’s oil and gas industry’s production will peak lower and earlier than expected before the 2020 market crisis, a Rystad Energy analysis shows.
Australian oil and gas firm Beach Energy is proposing to undertake subsea installation and commissioning works within petroleum production licence VIC/L23. Specifically, these activities are part of the Otway Phase 4 Development project, which aims to increase gas supply to the Beach-operated Otway
Italian oil and gas company Eni managed to cut its losses in the fourth quarter of 2020 as its production dropped by 11 per cent year-over-year.
Petronas will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on 26 February 2021.
Drilling operations on the Chrysaor-operated Jerv exploration well, located offshore Norway, started on 18 February 2021, using the COSLInnovator rig.
Oil and gas companies in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and to reduce spending in 2022, the national statistics office (SSB) survey said.
Norway’s offshore safety watchdog has issued Equinor with a notification of order following an incident at Snorre B platform offshore Norway.
The Egyptian Ministry of Petroleum and Schlumberger have launched the Egypt Upstream Gateway, an innovative national project for the digitalisation of subsurface information. This digital platform will also enable global access to the country’s subsurface data, kept evergreen by enhancing legacy dat
There has been much discussion over the possible outcome for the Gulf of Mexico, but one of the areas that will be affected the most is Alaska, Rystad said.
Premier Oil’s decommissioning plans for the Balmoral field, located in the UK North Sea, have been approved by UK authorities.
The Norwegian Petroleum Directorate (NPD) has revealed that the Norwegian continental shelf (NCS) holds another 8 billion standard cubic metres of oil equivalent (Sm3 o.e.).
ExxonMobil has experienced technical issues with a gas compressor on SBM Offshore’s FPSO Liza Destiny, working for ExxonMobil offshore Guyana.
Seismic exploration company Shearwater said it has won a ‘substantial’ contract for deepwater ocean bottom node seismic acquisition for Petrobras’ Tupi and Iracema projects in the Santos Basin offshore Brazil. This will be the largest OBN seismic survey in Brazil at the Tupi field. It will also be a
Norway had a good start to the new year with oil production in January 2021 on par with forecasts made by the Norwegian Petroleum Directorate (NPD).
