Maersk Drilling secures one-year contract extension in Australia
The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract.
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The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract.
Eni announces new oil and gas discoveries in Western Desert for approximately 8500 boe per day.
Resources for the entire Cambozola prospect have been estimated at 159 million boe.
UK-based oil and gas subsea equipment specialist Express Engineering has announced a six-figure investment in new precision welding equipment and capabilities as it expands its sector operations to support customers.
Based on preliminary estimates the size of the discovery is between 25-50 million bbl of recoverable oil equivalent.
Siemens Energy will supply both the power generation and compression packages for the Petrobras-operated P-78 FPSO.
The Syncrude joint venture has agreed in principle that Suncor will become the operator of the Syncrude oil sands project in Alberta, Canada, by the end of 2021.
Oil prices fell on Tuesday on concerns that a rise in Covid-19 infections globally will halt oil demand, leaving the increasing supply from August unused.
Rystad Energy has released its annual global energy outlook, which claims that the Covid-19 downturn will expedite peak oil demand.
Global spending is forecasted to reach US$383 billion this year, the lowest level in 15 years and a 29% decrease of US$156 billion compared to 2019.
Norway's CO2 intensity per produced boe in 2018 was approximately 7 kg compared to Canada's 39 kg/boe, according to a report by Rystad Energy.
Rystad Energy expects total 2020 Canadian upstream spending to fall below CAN$21 billion.