OPEC has published its monthly oil market report for June.
Drilling & production - 14 June 2016
McKinsey Energy Insights' report states that 37% of deep water and 30% of shallow water green field projects will be delayed until 2025.
The valves are engineered to provide increased flow capacities and will fully open at 10% overpressure, helping protect tanks from physical damage caused by internal pressure fluctuations.
The Norwegian Petroleum Directorate has granted Eni Norge AS a drilling permit for well 7222/1-1, cf. Section 8 of the Resource Management Regulations.
Production at the Goudron Field increased during May, and the company has so far complete two of its initial completion targets in the field.