Drilling & production

Completion is anticipated in the first half of 2021.

Equinor is divesting its interests in the Bakken field to Grayson Mill Energy.

The Maersk Integrator will return to Aker BP’s Ivar Aasen field for a two-well campaign expected to commence in 3Q21.

Worldwide Facilities, a national wholesale insurance broker, has made Cudd Well Control its preferred well control provider to the global oil and gas industry.

Shell’s adjusted earnings for 2020 were US$4.8 billion, a fall of 71% from 2019.

Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has commented on today's OPEC+ meeting.

The company has reported a net annual loss of US$22.4 billion for 2020, on the write down and losses in oil production and refining, compared with a full-year profit of US$14.34 billion in 2019.

The sale, for an enterprise value of US$405 million, was first announced on 5 October 2020.

For 4Q20, BP reported a profit of US$115 million.

Block 61, covering around 3950 km2 in central Oman, contains the largest tight gas development in the Middle East.

Wressle lies on licences PEDL180 & 182 in the UK, in which Europa Oil & Gas holds a 30% working interest alongside Egdon Resources (30% and operator), and Union Jack Oil (40%).

Chevron has announced an US$11 million 4Q20 loss.

The Gorilla VI (JU-248) jack-up rig, operated by Valaris, will drill four wells for the development over the course of the drilling campaign which is expected to last 18 months.

Most of the company's 2021 budget will be allocated towards operations in Guyana.

Affiliates of the two companies have entered into an agreement to jointly develop a futures contract for the physical delivery of crude oil in the Houston area.