The Lebanese Petroleum Administration said the decision was made as a result of the Covid-19 pandemic and the fall in oil prices.
The latest upstream news
33 rigs were placed at their respective monsoon locations before the onset of the seasonal adverse weather conditions.
The virtual server was created for geology and field development specialists, who create 3D models of gas condensate fields in Petrel software package and work with over hundred gigabytes of data.
The technology aims to reduce uncertainty and saves rig time by enabling operators to accurately position packers, perforating guns and the bottomhole assembly without running wireline or moving the work string.
Norway's Petroleum Safety Authority has given Neptune Energy consent to use the facility for production drilling for a period of 240 days.
Covid-19-related disruption at Aker Solutions' yard in Egersund, Norway, where the Maersk Inspirer rig for the Yme project is undergoing an upgrade, has led OKEA to warn of a potential delay to first oil from the Yme field until the first half of 2021.
The call for papers presents an opportunity for industry leaders worldwide to showcase their expertise on a vast range of topics and speak in front of the global WGC 2021 audience.
CNOOC will not exercise its pre-emption rights to acquire 50% of Tullow's assets in Uganda on the same terms and conditions as those agreed between Tullow and Total in April 2020.
The Ace Splice Clamp is a ‘sub-less’ downhole product that protects the control lines during completion.
Oil prices fell this morning as industry data hint a crude stock build in the US and as the potential for US-China tensions rises.
The company has said it is confident that the Slovenian government will receive the required permits for further stimulation of the Petišovci tight gas project.