Union Jack Oil increases interest in Biscathorpe project
Following completion of the acquisition Union Jack will hold a 45% interest in the project.
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Following completion of the acquisition Union Jack will hold a 45% interest in the project.
The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.
The contract was first announced in Maersk Drilling’s May 2020 Fleet Status Report.
The job is being performed on several pads for Cimarex Energy Co. in the Permian Basin.
The clean-tech company has endeavoured to make the oil and gas industry greener, through experimenting with using floating wind and wave energy to power oil and gas facilities.
Aggregate fossil fuel demand is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of COVID-19, according to new research by McKinsey & Co.
Will Dunn, Lifting Equipment Store, argues that while the challenging circumstances created by COVID-19 have brought extreme pressure on offshore and onshore production and storage facilities to maintain top levels of safety and resilience the industry cannot let focus slip.
Equinor and YPF will hold 35% equity in the CAN 100 block, located in the North Argentinian Basin, while Shell will hold the remaining 30%.
Oil prices fell on Thursday, trimming excess gains as the impact of increasing Covid-19 infections to oil demand sinks in.
EM&I demonstrated its NoMan® robotic camera and synchronous laser systems for tank and confined space inspections through a series of ‘live’ webinars.
The Kudu gas field offshore Namibia contains an estimated 1.3 trillion ft3 of gas.
The oil and gas discovery was made at the Keskesi East-1 well, in Block 58 off the coast of Suriname.