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Drilling & production

Suncor receives consent

Suncor Energy Norge AS has received consent to drill exploration well 34/4-14 S and A.

 
 
 
 
 

KBC Energy Economics oil market outlook

Oil prices have continued to plunge in the wake of OPEC’s decision not to cut oil output in support of prices at its 27 November meeting.

 
 
 
 
 
 
 

Lower 48 production stable

Lower 48 oil production outlook stable despite expected near-term reduction in rig count.