Wood Mackenzie releases oil market outlook
Wood Mackenzie has outlined three themes that will impact oil markets and refining in 2021.
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Wood Mackenzie has outlined three themes that will impact oil markets and refining in 2021.
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.
Petrofac will continue to supply personnel to the Unity Platform in the Central North Sea, the onshore Cruden Bay Terminal and other landline sites, as well as provide engineering and construction support.
The agreement includes the provision of 75 km of seamless pipes for risers and flowlines that will be manufactured at Dalmine, Tenaris’s seamless pipe mill in Italy.
The Bask well was drilled 35 km northwest of the Alta discovery and due south of the Johan Castberg field by the West Bollsta semi-submersible drilling rig.
According to new research by DNV GL, the oil and gas sector is expected to boost investment in green and decarbonised energy, with long term transformation and wider reshaping of the industry to follow.
The three day exhibition and conference is now scheduled to run from 22 - 24 February 2022.
Most of the company's 2021 budget will be allocated towards operations in Guyana.
The contract is set to commence in 3Q21 with a duration of one firm well plus eight optional wells.
Baker Hughes will support Petrobras’ offshore platforms and FPSOs with software and hardware solutions.
Subsea 7 will construct and install a platform system for Cabinda Gulf Oil in Block-0 offshore Angola.
Oil prices declined on Friday as a cocktail of bearish news hit the market. A rise in China’s Covid-19 infections, reported storage builds in the US and news that Iran has boosted exports are pushing prices lower.