Rystad Energy: 'oil starts the week on a low note as storage problem looms'
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has said that oil prices will likely continue falling until significant upstream shut-in volumes commence.
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Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has said that oil prices will likely continue falling until significant upstream shut-in volumes commence.
The cancellation has been been prompted by Norway banning all events of more than 500 people until 1 September 2020 due to the Covid-19 pandemic.
The decision document, received on 24 April from the UK Environment Agency, grants a variation to the permit for the West Newton A site and associated WNA-2 testing operations.
BP and Hilcorp have successfully renegotiated the financial terms of the deal to respond to the current environment.
Pre-Stack Pro enables users to fully leverage 100% of their seismic data using advanced tools for AVO processing and quantitative amplitude interpretation.
WellSharp Live has been developed as a temporary solution to support ongoing training and learning in the oil and gas industry during the Covid-19 crisis.
As enthusiasm subsided and prices fell again today, Rystad's Energy Head of Oil Markets, Bjornar Tonhaugen, has commented on developments.
DNV GL has issued an international call to oil and gas operators and the supply chain to pilot a methodology that will prove whether the data generated by digital twins can be trusted, and if the technology is delivering value.
Maersk Drilling is to reduce its offshore crew pool as a result of tenders and projects being delayed or cancelled.
Michael McCabe, Intelligence Fusion, considers how the coronavirus pandemic and the turbulence in the oil industry potentially poses a physical security risk to oil and gas companies.
The government has proposed an extension of the so-called ice edge boundary to the constantly changing southern fringe of the permanent ice sheet.
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has supplied a daily market comment, as oil prices rose slightly today before returning to flatter levels with marginal deviations.