Russia accounts for more than 90% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the Former Soviet Union (FSU) over the period 2018 - 2025, according to GlobalData.
According to ESAI Energy’s recent North America Watch, local refinery demand for light sweet crude will remain unchanged, so these new flows will double the surplus crude available for export.
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 2/11-12 S cf. Section 15 of the Resource Management Regulations.
The Vladimir Filanovsky field accounts for the most significant gain in production.
The company is progressing the redevelopment of the Balder and Ringhorne area, and a FEED contract for the Jotun FPSO life extension has now been signed.
The three-year contract, which comes with the option of a two-year extension, will include skip and ship and solids control to manage and process drill cuttings.
A leading oil and gas sector logistics expert has said politicians’ Christmas present to the industry’s EU’s traders should be much more certainty over arrangements following the UK’s departure from the bloc.
The concession is located offshore Abu Dhabi and consists of three major gas and condensate development projects Hail, Ghasha and Dalma as well as other offshore oil, gas and condensate fields including Nasr, SARB and Mubarraz.
Fully assembled and tested, the topside for the Johan Sverdrup processing platform is leaving the Samsung Heavy Industries yard on time, below budget and with no serious incidents.
China National Offshore Oil Corp (CNOOC) has announced that it has signed Strategic Cooperation Agreements with 9 companies, including Chevron, ConocoPhilips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and Total.
The company has successfully completed the initial flow test of the Gemba-1 gas exploration well in the Cooper Basin, with stabilised flow rates of approximately eight million standard ft3/d, plus associated liquids.
The company has provided an update relating to the Puesto Flores Concession in Rio Negro Province.
In response to the challenges of effective water injection in fractured reservoirs, independent global completions service company Tendeka has launched a new technology to optimise oil production.
Gas from the Aasta Hansteen field is now available to the market for the first time, and together with the Polarled pipeline the field opens a new region for gas export to Europe.
The company has announced that it has completed the drilling phase of the A39 #1 well in its Orogrande Basin drilling programme with operator Maverick Operating and drilling partner Wolfbone Properties.