Oil & gas news
World’s first subsea compression system completes five years in operation
Equinor’s subsea gas-compression system at Åsgard, Norway reached the milestone on 17 September 2020.
Aker Solutions awarded electrification contract by Lundin Energy
Aker Solutions will engineer a high-voltage electrical boiler package as part of the electrification of Lundin Energy's Edvard Grieg platform.
BOEM and BSEE to research policy changes to increase Gulf of Mexico production
The study will examine specific economic parameters used by BOEM and BSEE for new and high-cost technologies like extended-reach subsea tiebacks.
SeaBird Exploration awarded Gulf of Mexico OBN contract
The contract will start in 4Q20 with an expected duration of about three months.
Ironbark-1 drilling regulatory approvals completed
Mobilisation of the Ocean Apex drilling rig for the Ironbark-1 well, located offshore Western Australia, is expected to commence mid-October, with drilling expected to begin by the end of October.
Subsea construction begins at Seagull project
Seagull is a high pressure, high temperature (HPHT) development located in the Central North Sea.
Oil inches up as traders adjust yesterday's decline levels
Oil prices rose a little on Tuesday as the market adjusted the scale of Monday’s decline, but downside risks remain.
CNOOC begins production at Liuhua oilfield
The project is expected to reach its peak production of approximately 72 800 bpd in 2022.
Warrego Energy spuds second well on West Erregulla concession
The West Erregulla 3 well is located in the Perth Basin, onshore West Australia.
Oil starts the week on the back foot
Oil prices are falling today in response to a combination of supply-demand bearish news.