Oil stumbles as Covid-19 consequences surface
Oil prices, after a long period of enjoying +US$40 levels, finally fell below the threshold.
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Oil prices, after a long period of enjoying +US$40 levels, finally fell below the threshold.
Impact has acquired ExxonMobil and Equinor's interests in the Transkei & Algoa Exploration Right and the Tugela South Exploration Right, offshore South Africa.
The November/December issue of Oilfield Technology begins by reviewing the state of the North Sea. The issue then moves on to cover Drilling Technologies, Deepwater Operations, Flow Control, and more.
Wintershall Dea has begun drilling the first of six wells on the operated Nova field in the Norwegian North Sea.
Drilling at the Luiperd well has encountered 73 m of net gas condensate pay in well-developed good quality Lower Cretaceous reservoirs.
EQT Corp. has entered into a definitive purchase and sale agreement with Chevron USA Inc. under which EQT will acquire Chevron's upstream and midstream assets located in the Appalachian Basin for US$735 million.
The estimate for the new oil discovery is between 0.5 and 3.2 million m3 of recoverable oil equivalent.
OGUK’s Workforce Insight report 2020 has shown that the number of workers on offshore oil and gas installations decreased by around 4000 as the UK went into lockdown in March this year.
CGG is preparing for Phase II of its Nebula 3D survey in the Campos and Santos Basins offshore Brazil.
Oil prices rose today as US production is hit by yet another hurricane, but the gains may prove to be short-lived due to the worsening Covid-19 pandemic.
BP reported a US$86 million underlying replacement cost profit for the three months to 30 September.
BP, Eni, Equinor, National Grid, Shell and Total have formed a new partnership, the Northern Endurance Partnership, to develop offshore carbon dioxide transport and storage infrastructure in the UK North Sea.