Wintershall Dea extends Head Energy's Brage platform contract
Head Energy was awarded the frame agreement for modifications at Brage in 2016 and the extension means that the contract now runs to 2022.
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Head Energy was awarded the frame agreement for modifications at Brage in 2016 and the extension means that the contract now runs to 2022.
Profit before taxes amounted to US$151 million, compared to a loss before taxes of US$414 million in 1Q20.
Weatherford will project manage the drilling and completion of 20 wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.
Oil prices fell as the market expects OPEC+ to lower production curtailments, while Covid-19 slows demand recovery.
The preliminary calculation of the size of the discovery is between 0.9 and 1.5 million m3 of recoverable oil.
The company carried out electrical diagnostics for Serica Energy as part of a multi-year campaign of preventive maintenance on the subsea cable network.
Hydrocarbons were discovered at the Dugong well (PL 882), located in the Norwegian sector of the North Sea, last week.
Petrobras has sold its entire stake in the Pescada, Arabaiana, and Dentão fields to OP Pescada Óleo e Gás Ltda.
The approval ensures that Ohio’s well plugging regulations address modern industry operations, standards and materials while putting in place better planning and review of plugging operations by the well owner as part of the permitting process.
Similar to the previous downturn, awards for FPSO vessels are set to recover next year, with seven projects likely to be sanctioned according to Rystad Energy.
BP invests US$5 million in a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes.
Oil prices fell as Covid-19 cases hit daily country record in the US, erasing previous gains and pricing in the demand uncertainty ahead.