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.
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.
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.).
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).
Aker Solutions has secured a letter of intent from Equinor for the topside work on the Troll B and C platforms offshore Norway to reduce the CO2 emissions.
Offshore drilling contractor Stena Drilling has ordered a fourth managed pressure drilling (MPD) system for the Stena Forth drillship.
UK’s petroleum regulator, the Oil and Gas Authority (OGA), has opened an investigation into a possible breach of reporting requirements under a licence.
Repsol Sinopec Resources has formed a partnership with TechnipFMC and Petrofac, which seeks to maximise the recovery of oil and gas from the UKCS
Transocean has secured new contracts for its fleet, bringing the total backlog to $7.8 billion, but it has also decided to retire the Leiv Eiriksson.
