Total needs to cover US$12 billion shortfall
Total now faces a revenue shortfall of at least US$12 billion (£9.76 billion) due to the crash in oil prices.
Total now faces a revenue shortfall of at least US$12 billion (£9.76 billion) due to the crash in oil prices.
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 company's permit for the Beehive prospect has been extended by 12 months to 21 December 2021.