Equinor’s Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year.
The U.S. agency BOEM is planning the first Gulf of Mexico oil and gas lease sale for 2021, which outlines all available areas in the region-wide auction.
Stena Drilling’s Stena ICEMax drillship is preparing to set sail soon to the Bahamas to spud the Perseverance #1 well for the Bahamas Petroleum Company (BPC).
U.S. oil major ExxonMobil has made another oil discovery at the Tanager-1 well off Guyana but the discovery was deemed non-commercial.
Subsurface Imaging, part of CGG’s Geoscience division, has secured two large-scale seismic reprocessing contracts from PTTEP. Over the course of the next year, CGG, through its offices in Kuala Lumpur, will conduct merged reprocessing of surveys from many vintages, including towed-streamer as well a
Swedish oil and gas company Lundin has not been able to find any hydrocarbons at the Polmak well exploration well in the Barents Sea offshore Norway.
Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year with discovered resources set to hit 10 billion boe in 2020.
Following a recent one-well contract award, Maersk Drilling has now also secured a one-well extension for the Maersk Viking drillship with Shell in Brunei.
The number of active offshore rigs in the U.S. inched up by one unit last week after a small decline the week before, according to data by Baker Hughes.
Yinson has released a video showing the inside workings of its Abigail-Joseph FPSO, which is now in production on a field located offshore Nigeria.
Ghana has imposed its terms and conditions for the Italian oil major Eni and domestic explorer Springfield E&P for the unitisation of their adjacent fields.
Shelf Drilling is selling five of its stacked drilling rigs. The rig owner has also won a couple of new gigs while some contracts have been suspended.
Oil major BP is making progress with the drilling of the Ironbark well located offshore Australia.
Oil and gas company Aker BP has started production from the Ærfugl phase 1 project development located in the Norwegian Sea.
