Equinor sells Bakken assets
Equinor is divesting its interests in the Bakken field to Grayson Mill Energy.
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Equinor is divesting its interests in the Bakken field to Grayson Mill Energy.
The Maersk Integrator will return to Aker BP’s Ivar Aasen field for a two-well campaign expected to commence in 3Q21.
Worldwide Facilities, a national wholesale insurance broker, has made Cudd Well Control its preferred well control provider to the global oil and gas industry.
Shell’s adjusted earnings for 2020 were US$4.8 billion, a fall of 71% from 2019.
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has commented on today's OPEC+ meeting.
The company has reported a net annual loss of US$22.4 billion for 2020, on the write down and losses in oil production and refining, compared with a full-year profit of US$14.34 billion in 2019.
The sale, for an enterprise value of US$405 million, was first announced on 5 October 2020.
For 4Q20, BP reported a profit of US$115 million.
Block 61, covering around 3950 km2 in central Oman, contains the largest tight gas development in the Middle East.
Wressle lies on licences PEDL180 & 182 in the UK, in which Europa Oil & Gas holds a 30% working interest alongside Egdon Resources (30% and operator), and Union Jack Oil (40%).
Chevron has announced an US$11 million 4Q20 loss.
The Gorilla VI (JU-248) jack-up rig, operated by Valaris, will drill four wells for the development over the course of the drilling campaign which is expected to last 18 months.