Oil & gas news

The contract is for the development and management of five wells in the Southwark, Blythe and Elgood gas fields in the UK Southern North Sea.

Optime Subsea's ROCS technology reduces completion time and cost by removing umbilical controlled tubing hanger operations.

Total now faces a revenue shortfall of at least US$12 billion (£9.76 billion) due to the crash in oil prices.

Norway's CO2 intensity per produced boe in 2018 was approximately 7 kg compared to Canada's 39 kg/boe, according to a report by Rystad Energy.

Oil prices fell this morning as traders priced in concerns over the future of crude stocks, geopolitical tensions and fears over how Covid-19 will progress.

The technology aims to reduce uncertainty and saves rig time by enabling operators to accurately position packers, perforating guns and the bottomhole assembly without running wireline or moving the work string.

Norway's Petroleum Safety Authority has given Neptune Energy consent to use the facility for production drilling for a period of 240 days.

Covid-19-related disruption at Aker Solutions' yard in Egersund, Norway, where the Maersk Inspirer rig for the Yme project is undergoing an upgrade, has led OKEA to warn of a potential delay to first oil from the Yme field until the first half of 2021.

The company's permit for the Beehive prospect has been extended by 12 months to 21 December 2021.

CNOOC will not exercise its pre-emption rights to acquire 50% of Tullow's assets in Uganda on the same terms and conditions as those agreed between Tullow and Total in April 2020.