Corallian, Upland Resources and Baron Oil sign work sharing agreement for Moray Firth licence
The agreement has been signed with an unnamed European E&P company for licence P2478 in the Inner Moray Firth, UK.
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The agreement has been signed with an unnamed European E&P company for licence P2478 in the Inner Moray Firth, UK.
The oil price has reversed morning losses and now enjoys limited gains.
Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe.
The current Covid-19 virus crisis has accelerated the need to reduce personnel on board (POB) on floating assets to a minimum.
Well Control School has announced the launch of the SMART knowledge retention programme, a new online well control training aid.
BP has reported an underlying replacement cost profit of US$0.8 billion, compared with US$2.4 billion for 1Q19.
The African Energy Chamber has said that Tullow Oil and Total's resolving of a long-standing capital gains tax dispute will make Uganda the biggest crude producer in East Africa.
Diamond intends to use the proceedings to restructure and strengthen its balance sheet and achieve a more sustainable debt profile.
Oil prices have declined for a second day on storage concerns.
Petrobras has extended its lease of the BW Cidade de São Vicente FPSO by 48 days.
OGUK has warned that up to 30 000 jobs could be lost in the sector as it called for the transition to net zero to be put at the heart of recovery plans.
Rystad Energy expects total 2020 Canadian upstream spending to fall below CAN$21 billion.