Rystad Energy: US fraccing slowdown creates DUC well backlog
The backlog, which will likely increase in June, is equivalent to about two years of fraccing at the current pace, according to Rystad.
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The backlog, which will likely increase in June, is equivalent to about two years of fraccing at the current pace, according to Rystad.
The company has said that is expecting the potential award of a marginal field to happen within 6 months of submitting a bid.
The West Newton project in East Yorkshire, UK, has been given an AA rating for carbon intensity for its potential upstream crude oil production.
The disconnectable turret was integrated into an FSO in Shenzhen, China, and was successfully connected to the existing Lufeng 13-2 Field Moorings in the South China Sea.
The two-year agreement will be focussed in Azerbaijan, and is an exclusive agreement between the two companies.
Strike Energy and Warrego Energy, the operators of the West Erregulla gas field in Western Australia, have entered a long-term contract with Ensign Energy Services for the provision of drilling services with the Ensign 970 drilling rig.
The Kharasaveyskoye field, in the Yamal peninsula, has estimated gas reserves of approximately 2 trillion m3.
The cut and recover operation was carried out for Wintershall Dea Norge.
Oil prices fell this morning, as traders priced in fears of a second round of Covid-19-related demand decline.
The Balder Future project is aiming to extend the life of the area to 2045.
The suspension will last for up to 12 months.
The prediction comes as a result of the company's expectation of weak demand for energy for a prolonged period and a faster transition away from fossil fuels due to the ongoing Covid-19 pandemic.