Offshore news
OGUK welcomes government promise of assistance to offshore sector
The UK offshore industry's representative body warned last week that the industry's position was "paper thin" in the face of the Covid-19 pandemic and the oil price crash.
Yme project on course for first oil in second half of 2020
OKEA has said the Yme offshore project in the Norwegian North Sea, operated by Repsol, remains on schedule for first oil in 2H20.
West White Rose offshore project suspended
Production from the White Rose field and its satellite extensions, located 350 km off the coast of Newfoundland and Labrador, is still continuing.
Axxis Geo Solutions receives extension to Middle East OBN contract
The additional work is estimated to be totalling 7 vessel months and will continue into 2Q20.
Energean on course to deliver first gas from Karish field in 2021
The Karish gas field offshore Israel was 72% physically complete at 31 December 2019 and remains on track to deliver first gas in 1H21.
CNOOC set to load first cargo of crude from Liza field
CNOOC has a 25% stake in the Stabroek block as part of a consortium with operator ExxonMobil and Hess Corp.
Bay du Nord project delayed by oil price collapse
Equinor has made no changes to schedules of other projects, including the second phase of its giant Johan Svedrup oilfield development in the North Sea and the Arctic Johan Castberg project.
Gulf of Mexico lease sale generates US$93 million in high bids
A total of 22 companies participated in Lease Sale 254, submitting US$108 587 185 in total bids.
GlobalData: Maka Central discovery needs at least 210 million boe recoverable resources to be economical
The discovery could bring over US$50 million in revenue per year to the Surinamese government, if it sees similar success to Guyana’s Stabroek, according to GlobalData.
Panoro Energy scales back operations in Gabon
The effects of Covid-19 are likely to affect the planned timing of the DTM-7H well and the subsequent firm exploration well, according to the company.