Oil prices continue gains on prolonged OPEC+ enthusiasm
Oil prices continued to gain on prolonged enthusiasm from Thursday’s OPEC+ meeting, with traders expecting increased production-cut compliance and regaining trust that supply is under control.
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Oil prices continued to gain on prolonged enthusiasm from Thursday’s OPEC+ meeting, with traders expecting increased production-cut compliance and regaining trust that supply is under control.
Fugro will support Seamec's asset management project for ONGC offshore west India.
The agreement between the two companies includes the reprocessing and imaging of over 5000 miles2 of multi-client seismic data.
The multi-million-dollar contract extends a long-term partnership between the two companies, which was first established in 2002.
The announcement comes a day after Petrolia, a partner in the programme along with Concedo and Idemitsu Petroleum, had said that drilling would start by 19 June.
Oil prices have swung to gains after road fuel demand signals and an upcoming OPEC+ meeting weighted positively on trader sentiments.
Rystad Energy has released its annual global energy outlook, which claims that the Covid-19 downturn will expedite peak oil demand.
Decom North Sea (DNS) and Darussalam Enterprise created an agreement designed to deliver a mutually beneficial relationship between DNS members and Brunei’s growing late life and decommissioning sector.
Williams will provide offshore natural gas and oil gathering and production handling services for the Taggart development in the Mississippi Canyon area of the Gulf of Mexico.
FTR will provide third party inspection services, including temporary equipment inspection to several key operators and contractors, including Chrysaor and Oceaneering itself.
The well is located to the west of the Snorre field in the Northern North Sea, in a block operated by Neptune Energy.
The system, which enables faster and more cost-effective planned interventions, will be first applied on Equinor’s Visund field in the North Sea.