Oil & gas news

Aberdeen-headquartered Exceed, the well management and performance improvement specialist, has announced the establishment of Exceed Norge.

The GNN discovery, which contains an estimated 260 million bbl of oil in place, is located in the Geisum and Tawila West concession.

Oil prices recovered early losses and see gains on relief that international trade remains unchanged, while road fuel demand stands strong despite a spike in Covid-19 cases.

Exploratory drilling has begun at the Shirotno-Rakushechnaya prospect structure, located to the north of the V.I. Grayfer field in the North Caspian Sea.

Spirit Energy has received permission to drill a wildcat well in production licence 780, about 5 km north of the Ivar Aasen field in the central part of the North Sea.

The projects in scope are Breidablikk and the Gas Import System for the Snorre Expansion Project, for which contracts have been awarded, and Askeladd Vest, for which a letter of intent has been issued.

A global decommissioning services consortium has substantially strengthened its capabilities with the addition of a specialist heavy lift vessel-owner operator.

iHawk will become Shell’s next generation visualisation software platform for all onshore, offshore and subsea assets, as well as all global construction projects. 

High exploration and production costs in China are undoubtedly driving the companies to take preventive measures by slashing planned investments and cutting operational expenditures.

This process significantly reduces the impact on the environment, when compared to historic methods.