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.
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.
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.
Following several audits, the Norwegian offshore safety watchdog has awarded an Acknowledgement of Compliance (AoC) for the West Bollsta drilling rig to offshore driller Seadrill.
Independent oil and gas development and production firm Bridge Petroleum has appointed well engineering and project management specialist Fraser Well Management (FWM) to operate the suspended appraisal well in the Galapagos field in the Northern North Sea.
Norwegian energy major Equinor has seen its costs for projects under development rise due to the Covid-19 pandemic and weakened Norwegian krone, even postponing the start-up of some projects.
Total has bought a 20 per cent stake in the EolMed floating wind pilot project in France, located in the Mediterranean Sea, off the coast of Gruissan and near Port-La-Nouvelle. The 30 MW EolMed will feature three MHI Vestas 10 MW turbines installed on Ideol’s Damping Pool floating foundation and is
Oil and gas company Wellesley Petroleum has commissioned a mobile on-the-rig (OTR) drilling simulator to train Dolphin Drilling’s crews on the Borgland Dolphin ahead of its drilling programme in the Norwegian North Sea earlier this year.
Norwegian energy giant Equinor has decided to reduce its exploration staff by 30 per cent as the Covid-19 pandemic reduces oil demand.
Premier Oil has reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor.
