Union Jack Oil expects first oil from Wressle in 2H20
The Wressle oil discovery in Lincolnshire, UK, is expected to flow at a constrained rate of 500 bpd gross.
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The Wressle oil discovery in Lincolnshire, UK, is expected to flow at a constrained rate of 500 bpd gross.
The total horizontal oil rig count fell below 270 rigs last week, a 57% decline from the peak of 624 rigs seen in the middle of March 2020.
Oil prices rose this morning as Saudi Arabia’s move, accompanied by Kuwait and the UAE, to expand production cuts boosted the market’s confidence.
Petrofac has been awarded a three-year extension to its existing maintenance contract with BP and a new four-year metering contract.
The farm-out agreement with Georgina Energy is for the exploration permit 155 in the Amadeus Basin in Australia's Northern Territory.
The project is taking place in the Viking Graben.
The WilPhoenix semi-submersible will be used for a one well workover on the Rhum gas field in the UK North Sea.
Well 30/2-5 S will be drilled from the West Hercules drilling facility.
TMC has secured a contract from Shanghai Waigaoqiao Shipbuilding Co., Ltd to supply the marine compressed air system to a newbuild FPSO the yard is constructing for SBM Offshore.
Continental Resources reported a net loss of US$185.7 million, or US$0.51 per diluted share, for 1Q20.
Petrobras has discovered oil in the southeast area of the Búzios field and in the pre-salt of the Albacora field.
From June, Saudi Arabia is cutting an extra 1 million bpd, the UAE an extra 100 000 bpd, and Kuwait an extra 80 000 bpd.