Offshore news
Lebanon offshore licensing round postponed again
The Lebanese Petroleum Administration said the decision was made as a result of the Covid-19 pandemic and the fall in oil prices.
Turkey could begin Mediterranean oil exploration in 3 – 4 months
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya.
Independent Oil and Gas awards Petrofac well management contract
The contract is for the development and management of five wells in the Southwark, Blythe and Elgood gas fields in the UK Southern North Sea.
Neptune Energy given permission for use of Deepsea Yantai drilling facility at Gjøa field
Norway's Petroleum Safety Authority has given Neptune Energy consent to use the facility for production drilling for a period of 240 days.
OKEA expects delays in first oil from Yme field
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.
Melbana Energy given extension on Beehive drilling permit
The company's permit for the Beehive prospect has been extended by 12 months to 21 December 2021.
Petrofac awarded extension on Iraq crude export project contract
Petrofac has secured a further six-month contract extension with Basra Oil Company for its long-standing Iraq Crude Oil Export Expansion Project.
New oil presence identified offshore East Canada
Applied Petroleum Technology has identified Lower Jurassic source rocks and a genetically related set of oil show in the Southern Grand Banks.
PGS concludes East Shetland Basin seismic survey
The seismic data is being processed in the company's Weybridge imaging centre and early results will be available in August.
Maersk Drilling reports fall in revenue in 1Q20
The company recorded a revenue of US$279 million in 1Q20, compared to US$305 million in 4Q19.