Lebanon offshore licensing round postponed again
The Lebanese Petroleum Administration said the decision was made as a result of the Covid-19 pandemic and the fall in oil prices.
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The Lebanese Petroleum Administration said the decision was made as a result of the Covid-19 pandemic and the fall in oil prices.
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya.
The contract is for the development and management of five wells in the Southwark, Blythe and Elgood gas fields in the UK Southern North Sea.
Norway's Petroleum Safety Authority has given Neptune Energy consent to use the facility for production drilling for a period of 240 days.
Covid-19-related disruption at Aker Solutions' yard in Egersund, Norway, where the Maersk Inspirer rig for the Yme project is undergoing an upgrade, has led OKEA to warn of a potential delay to first oil from the Yme field until the first half of 2021.
The company's permit for the Beehive prospect has been extended by 12 months to 21 December 2021.
Petrofac has secured a further six-month contract extension with Basra Oil Company for its long-standing Iraq Crude Oil Export Expansion Project.
Applied Petroleum Technology has identified Lower Jurassic source rocks and a genetically related set of oil show in the Southern Grand Banks.
The seismic data is being processed in the company's Weybridge imaging centre and early results will be available in August.
The company recorded a revenue of US$279 million in 1Q20, compared to US$305 million in 4Q19.
Well 6506/11-12 S. will be drilled about 4 kilometres west of the Morvin field.
Ashtead will provide subsea survey and ROV equipment to Reliance for use on offshore drilling, field development, IRM and decommissioning projects.