North Sea oil news

Norway, which is not part of the OPEC+ group, has said it would cut its oil production by 250 000 bpd in June and by 134 000 bpd in 2H20.

The announcement comes a day after Petrolia, a partner in the programme along with Concedo and Idemitsu Petroleum, had said that drilling would start by 19 June.

Rystad Energy has released its annual global energy outlook, which claims that the Covid-19 downturn will expedite peak oil demand.

The well is located to the west of the Snorre field in the Northern North Sea, in a block operated by Neptune Energy.

PG Flow Solutions will deliver miscellaneous pumps to the platform topside, including a pressure equalising pump, freshwater pump, freshwater pressure pump, diesel transfer pump, and one hazardous open drain pump.

A report published by industry body OGUK has outlined how the target will be achieved through changes to operations, progressive reductions in flaring and venting, and major capital investment programmes aimed at using electricity rather than gas, to power offshore facilities.

The Balder Future project is aiming to extend the life of the area to 2045.

The Curlew FPSO operated in the North Sea.

The £62 million Energy Transition Fund will support businesses in the oil, gas and energy sectors over the next five years as they grow and diversify and will help attract private sector investment in the region.

The company has been certified for ISO50001 by ERM CVS.