CNR International (CNRI) has filed its Banff and Kyle fields decommissioning programs for an FPSO and FSO float-off with the UK authorities.
Under Rystad Energy’s updated base case scenario of $34 per barrel in 2020 and $44 per barrel in 2021, global capital expenditure for exploration & production firms is expected to drop by up to $100 billion this year, about 17% versus 2019 levels.
UK oil and gas company EnQuest has received approval from the UK authorities for its decommissioning plan for the FPSO working on the Alma and Galia fields off the UK as well as associated subsea installations and pipelines.
Norwegian Ministry of Petroleum and Energy has proposed to include 36 new blocks in this year’s licensing round in the well-known parts of the Norwegian Continental Shelf – Awards in Predefined Areas (APA) 2020.
Siccar Point Energy has decided to defer its planned sanction date for the Cambo project, located West of Shetland, to 2021 in light of the unprecedented worldwide macroeconomic dislocation resulting from Covid-19.
The Equinor-operated Johan Sverdrup field in the North Sea is expected to reach plateau production for the first phase in early May, earlier than anticipated.
Following successful offshore drilling campaigns, oil and gas company Spirit Energy has boosted production from two North Sea fields.
Eni has decided to reduce its capex and opex for this year and the next as a result of the coronavirus pandemic and the oil price war. The reductions are mainly related to Eni’s Upstream activities.
Maersk Drilling has received a notification from Tullow Oil of early termination for convenience of the drilling contract for the drillship Maersk Venturer.
Global Energy Group has welcomed the first jack-up rig to berth at the Nigg Terminal jetty where it would be in lay up while it waits for its next contract.
Following EnQuest’s cancellation of mobilization of the Prosafe-owned Safe Zephyrus accommodation rig in the North Sea, Prosafe has said it will claim the full value of the contract.
i3 Energy has awarded a drilling contract to a Dolphin Drilling-owned rig and agreed on a sale of an interest in a block offshore the UK.
MOL Norge has made an oil and gas discovery near the Balder field in the North Sea offshore Norway.
Total has discovered hydrocarbons in the Upper Jurassic and Triassic sandstone reservoirs of its Isabella exploration well in Block 30/12d in the UK Central North Sea.
