Oil & gas news

The world’s oil and gas explorers powered ahead and discovered 12.2 billion boe in 2019.

The three-day exhibition and conference, Subsea UK’s flagship annual event, with the theme of “New Perspectives” will focus on exploiting the Blue Economy, the energy transition and cross-sector collaboration to capitalise on emerging opportunities.

Lundin Petroleum’s 2P reserves as at 31 December 2019 are 693.3 million boe and reflect a positive revision of 52.1 million boe, excluding asset transactions.

The project work scope covers the engineering, procurement, construction, transportation and installation of a SURF system and associated subsea production systems (SPS).

Maersk Drilling has been awarded a contract for the 7th generation drillship Maersk Valiant, which will be employed by Noble Energy for a one-well campaign offshore Colombia.

The contract requires the company to drill a series of onshore directional wells, with target depths in the 3000 m range.

From 1 May, foreign firms registered in China with net assets of 300 million yuan (US$43 million) will be allowed to take part in oil and gas exploration and production.

Ahead of any new exploration and drilling the government of South Sudan has committed to conducting an environmental audit.

Mexico's President Andres Manuel Lopez Obrador made the announcement at a press conference this week.

The survey commences at the end of 1Q20 and is expected to be completed in 2Q20.