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Oil prices are declining today as the market fears crude stock levels in the US could rise again and as the speed of the global oil demand recovery is under threat amid Covid-19 vaccination campaign setbacks.
The jack-up rig SWIFT 10 will be used to perform a plug and abandonment (P&A) campaign in the Dutch and German North Sea this summer.
OGUK Sustainability Director Mike Tholen has responded to a story published recently in The Sunday Telegraph which suggests UK ministers are considering declaring the beginning of the end for the North Sea oil industry with a ban on new exploration licences.
Ken Park, Clinical Director, TAC Healthcare Group, has outlined best practices around virus protection for workers on offshore platforms.
UK Continental Shelf operators must demonstrate to the Oil and Gas Authority a commitment to reducing greenhouse gases, and the OGA will monitor performance closely through an annual stewardship survey, performance benchmarking and tier reviews.
The ANALYSE statistical programme was used by the supermajor to reduce ultrasound thickness measurements (UTMs) on pressure systems.
The suspension by ADNOC follows the announcement by the UK Serious Fraud Office (SFO) of additional pleas in January by a former Petrofac employee under the Bribery Act 2010 in relation to historic contract awards in the UAE in 2013 and 2014.
The Caofeidian 6-4 oilfield, located in the midwest of the Bohai sea, is expected to reach its peak production of approximately 15 000 bpd in 2023.
The economic impact analysis, from Oxford Economics, quantified the direct impact Neptune has on the UK, Norway, Germany and the Netherlands through its operations, the indirect impact generated through its supply chain and the induced impact due to spending by Neptune staff and suppliers’ staff.
Tullow Oil, Eco Atlantic and TOQAP will maintain control of the Orinduik Block licence offshore Guyana through to 13 January 2023 and until the second renewal period.
Oil prices kept their healthy levels on Friday as the market is realising that supply is getting tighter compared to the recovering demand, with the first indications evident on Saudi deliveries.
The acquisition comprises a controlling (60%) interest in the Q10-A offshore gas field together with interests in a suite of offshore exploration and production licences in the Dutch North Sea.