OPEC’s Joint Ministerial Monitoring Committee (JMMC) has made assurances of achieving 100 per cent conformity from all participating countries during the next three months.
Equinor has received consent from the Petroleum Safety Authority (PSA) for exploration drilling in the North Sea using the Deepsea Atlantic rig.
The Norwegian Ministry of Petroleum and Energy announced the APA 2020 licensing round on Friday, comprising the predefined areas with blocks in the North Sea, the Norwegian Sea, and the Barents Sea.
In its global energy outlook, Rystad Energy revealed that the Covid-19 downturn will expedite peak oil demand, putting a lid on exploration efforts in remote offshore areas and as a result reducing the world’s recoverable oil by around 282 billion barrels.
Neptune Energy will start drilling the Dugong well, located in the North Sea offshore Norway, by 19 June 2020.
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for two wells located in the North Sea off Norway.
Wintershall Noordzee, a joint venture of Wintershall Dea and Gazprom, has started gas production from its second B2 production well at the Sillimanite field offshore the Netherlands.
There is a case to be made that the coronavirus crisis has been setting the stage for the restructuring of the offshore drilling market.
The Norwegian Petroleum Directorate has granted Neptune Energy a drilling permit for two wildcat wells in the North Sea off Norway.
Global spending is now forecasted to reach $383 billion this year, the lowest level in 15 years and a staggering 29 per cent decrease of $156 billion compared to 2019, according to Rystad.
Aker BP and Equinor have entered into an agreement in principle on commercial terms for a coordinated development of the licences Krafla, Fulla, and North of Alvheim.
16 industry, research and public players have partnered in GCE‘s Centre for Deep Sea Innovation to step-change autonomous exploration. The main application is towards marine minerals, but the potential is far greater, GCE said. Specifically, the Centre’s main goal is to increase deep sea exploration
OPEC, Russia, and other oil producers agreed to extend their record oil production cuts of 9.7 million barrels per day by another month.
Equinor and its partners have made an investment decision to partly electrify the Sleipner field located offshore Norway.
