Norwegian oil firms were able to strike a wage bargain with officials of labour union Lederne on Friday, ending a 10-day strike which threatened to cut the country’s oil and gas output by almost 25 per cent.
Oil and gas exploration firm Neptune Energy has decided to adopt Halliburton’s DecisionSpace 365 well construction suite of cloud applications to consolidate all global drilling and wells activities.
Russian independent oil company Lukoil has launched phase two of the development drilling campaign on the Vladimir Filanovsky offshore field in Astrakhan.
Over 90 per cent of current oil production in the Gulf of Mexico has been shut-in as a result of Hurricane Delta, the BSEE said.
Oil firms and labour officials in Norway will meet on Friday with a state-appointed mediator to try to end a strike threatening to cut output from the country by some 25 per cent.
World oil demand will plateau in the late 2030s and by then begin to decline, the Organization of the Petroleum Exporting Countries (OPEC) said in its 2020 World Oil Outlook.
U.S. engineering firm McDermott has teamed up with electrical equipment giant Scheider Electric and io consulting, a Baker Hughes company, to design carbon-neutral facilities for the upstream oil and natural gas market.
Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil.
Russian oil and gas company Lukoil and Kazakhstan’s state-owned company KazMunayGas (KMG) have signed an agreement for future obligations on the Al-Farabi Project in the Kazakh Sector of the Caspian Sea.
Chevron’s market value overtook ExxonMobil for the first time on Wednesday, 7 October, during the same week in which it closed a $4.1 billion all-stock deal for Noble Energy.
Oil and gas exploration firm Neptune Energy has signed an agreement with Concedo for the acquisition of a further five per cent interest in the Dugong license in the Norwegian sector of the North Sea.
The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips a drilling permit for a wildcat well in the Norwegian Sea.
Environmental activists from Extinction Rebellion organization have climbed the Scottish Parliament and dropped a banner reading ‘Choose Oil or Choose Life: Act Now’ over the entrance.
Norwegian oil major Equinor has warned that the Johan Sverdrup field in the North Sea would have to close production until further notice if the ongoing strike on the Norwegian Continental Shelf continues until 14 October.
