Oil & gas news
BW Offshore extends lease for FPSO Polvo
The firm period agreed with PetroRio for the lease and operation of the FPSO Polvo has been extended to 3Q21 (from 3Q20), with options until 3Q22.
CNOOC expects 10 new projects to come onstream in 2020
The company’s targeted net production for 2020 is 520 million to 530 million boe, of which, production from China and overseas accounts for approximately 64% and 36%, respectively.
Equinor given permission to use mobile drilling facility in Bauge field
The consent applies to the drilling and completion of two wells on the Bauge field in production licence 348.
SapuraOMV announces first gas production from Larak field
The SK408 gas fields are part of discoveries made by SapuraOMV Upstream in a drilling campaign in 2014.
Shelf Drilling awarded jack-up deal by Chevron for Gulf of Thailand operations
The contract is expected to commence in August 2020 and run through April 2022 with an option to extend.
ConocoPhillips makes oil and gas discovery in North Sea
The company was drilling northwest of the Balder field in the central part of the North Sea when it made the discovery of several oil and gas-bearing intervals.
Applied Petroleum Technology appoints CEO
Applied Petroleum Technology has appointed Helge Nyrønning as its CEO.
Rystad Energy states that global oil and gas discoveries reached a four-year high in 2019, boosted by ExxonMobil’s Guyana success
The world’s oil and gas explorers powered ahead and discovered 12.2 billion boe in 2019.
Speakers announced for Subsea Expo 2020
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 announces increase in reserves
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.