Oil & gas news
Johan Sverdrup field increases production capacity
The Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500 000 bpd by the end of the year.
Major drilling and downhole solutions provider announces the rebirth of a new era
Varel International Energy Services, a long-standing provider of drilling and downhole solutions, has announced its redefining vision for business growth.
Oil rises on unstable ground
Oil rose on Wednesday on vaccine and OPEC+ hopes, but the ground may be too shaky to support such gains.
BOEM proposes first Gulf of Mexico lease sale of 2021
Lease Sale 257, scheduled for March 2021, will be the eighth offshore sale under the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.
Petrobras begins sale of 50% stake in Marlim Cluster assets
The Marlim Cluster comprises four production concessions located in the Campos Basin.
Wellgrab secures funding for Electric Release Fishing Tool
Wellgrab has secured Research Council of Norway funding to support the launch of its new fishing tool.
PTTEP awards CGG seismic reprocessing contracts
CGG will conduct merged reprocessing of surveys from many vintages, including towed-streamer and OBC seismic data from offshore Sabah and Sarawak, Malaysia.
Lundin Energy drills dry exploration well in southern Barents Sea
The well was located within the Kobbe formation of the Polmak prospect.
Oil gains on OPEC+ meetings, China processing data
Oil prices rose today, supported by optimism about the coming OPEC+ meetings and by China’s recent crude processing data.
Maersk Drilling secures one-well contract extension for Maersk Viking
Brunei Shell Petroleum Company Sdn. Bhd. has exercised the option to add exploration drilling of one deepwater well to the work scope of the Maersk Viking.