Oil & gas news

The lifting totalled 225 000 barrels with a net share of 27 675 barrels to ADM, which equates to ADM's paying interest of approximately 12.3%.

The agreement with BP will allow Petrobras to hold a 100% interest in the six blocks.

The contract is for an initial five-year period commencing 2Q21 and includes additional optional periods.

Storm Uri is expected to have an aggregate adverse impact of up to US$200 million on the company's adjusted earnings in 1Q21.

The agreements are awarded on behalf of Equinor-operated licences on the Norwegian Continental Shelf and onshore plants in Norway, and on behalf of Gassco as the operator for the Kollsnes and Kårstø gas processing plants.

CNOOC Well Control Centre has developed new classrooms and installed several MultiSIMs, DrillSIM:5s and DrillSIM:Educators at its training centre in Tianjin, delivered by 3t-China and simulator developer, Drilling Systems.

The Maersk Viking drillship will drill four development wells at the Gumusut-Kakap project offshore Malaysia.

Full environmental approval paves the way for the grant of a full production licence from Italy's Economic Development Ministry.

American oilfield services and equipment sector employment rose by an estimated 23 015 jobs in March, according to a report compiled by the Bureau of Labor Statistics and the Energy Workforce & Technology Council.

The discovery in Block 15/06 is estimated between 200 and 250 million barrels of oil in place.