Libya's current oil output is approximately 100 000 bpd, in comparison to 1.2 million bpd before the onset of civil war.
Lloyd's Register conducted a detailed technical study on behalf of the Oil and Gas Authority (OGA) into potential options for decarbonising the offshore energy system.
Oil prices fell on Friday as traders corrected the extravagant gains of this week, pricing in concerns over Covid-19’s effect on the demand recovery.
Cerebo Force in-bit sensors are designed to capture weight, torque and bending measurements directly from the bit.
The drillship Noble Sam Croft will begin drilling in 4Q20 after the rig finishes its current programme offshore Suriname.
Hurricane has concluded that there is a reasonable probability that the oil water contact in the Lancaster field is shallower than the range of oil water contacts envisaged in the 2017 Competent Person’s Report by RPS Energy.
The Oil and Gas Authority's Energy Integration Project report has found that oil and gas platform electrification is essential to cutting sector production emissions in the near term, and critical to the industry’s social licence to operate.
The fields have cumulative total annual production capacity of 7.7 billion m3 of natural gas and 1 million t of gas condensate.