Rystad Energy comments on reports that Saudi Aramco may delay its September pricing of crude
Rystad has said that Saudi Aramco is seeing great uncertainty in the near term demand outlook for Saudi Arabia's crude.
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Rystad has said that Saudi Aramco is seeing great uncertainty in the near term demand outlook for Saudi Arabia's crude.
The company has been contracted by NEO Energy to operate the Victoria well in the southern North Sea.
The inspection was carried out in UK waters, 250 km east of Scotland, using an ROV and the company's remote operations centre in Aberdeen.
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.
BP has reported a record US$6.7 billion (£5.12 billion) loss in 2Q20.
Halliburton Landmark will deliver DecisionSpace® 365, its E&P cloud software, to support Petronas' upstream digitalisation initiatives and reduce exploration time.
The volumes are estimated to be in the range of 40 – 120 million boe – the largest discovery in Norway so far this year.
Well 6507/4-1 will be drilled from the Leiv Eiriksson drilling facility in production licence 1009.
The amended Walton Morant Licence covers an area of 22 400 km2, and has numerous plays and prospects already identified across three separate basins.
The contract comprises the design, engineering, fabrication and installation (including assistance to hook-up and commission) of both normally unmanned installation production platforms for the IOG-operated Southwark and Blythe gas fields in the UK Southern North Sea.
First oil at the Wressle oilfield development in North Lincolnshire, UK, is expected during 2H20.
The Bressay oilfield was discovered east of Shetland in 1976 and Equinor became operator in 2007.