Oil prices rise again in response to declining supply, improving demand
Oil prices rose again this morning as the promised production cuts seem to be realised and on signs that demand is indeed picking up globally.
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Oil prices rose again this morning as the promised production cuts seem to be realised and on signs that demand is indeed picking up globally.
The recovery group convened by OGUK will aim to develop a strategy for the sector to recover as part of OGUK’s three stage framework revealed at the end of April.
The anti-fouling and topside coatings will be used by Total for the advanced drilling platform Deepsea Stavanger, off the coast of South Africa.
Block 52 is located in the prospective Suriname-Guyana Basin, where several major hydrocarbon discoveries have been made recently.
Neptune will pay a US$5 million termination fee to Energean Oil and Gas.
James Steven, DNV GL, explains why ‘being compliant’ has much deeper resonance and reverberations for the global oil and gas sector and goes way beyond a tick box exercise.
Following the implementing of production restriction measures on the Norwegian continental shelf, the company’s updated company's production guidance for the full year 2020 will be targeting 157 000 boe/d.
The scope of the contract includes the design of two offshore riser platforms.
The three surveys will cover approximately 10 000 km2 offshore Labrador and Newfoundland, Canada.
Qatar Petroleum has entered into a farm-in agreement with Total to acquire a 45% participating interest in blocks CI-705 and CI-706, located in the Ivorian-Tano Basin.
Oil prices rose this morning as governments lift lockdown measures and demand increases around the world.
Petrobras has started well testing of the Forno area in the Albacora field, located in the Campos Basin pre-salt.