Upstream news

The work centres on NEO Energy’s Babbage platform, which is located in block 48/2a of the UK SNS and includes five gas production wells and one suspended well.

Norway, which is not part of the OPEC+ group, has said it would cut its oil production by 250 000 bpd in June and by 134 000 bpd in 2H20.

The contract will encompass Altrad mobilising resources to Ravenna in Italy for the construction phase of the project, which will be followed by the hook-up and commissioning phase located offshore in the Southern North Sea.

The booth features product information, video presentations and corporate literature.

The patent has been granted for the technology in Ghana, Liberia and Mozambique.

Oil prices continued to gain on prolonged enthusiasm from Thursday’s OPEC+ meeting, with traders expecting increased production-cut compliance and regaining trust that supply is under control.

Fugro will support Seamec's asset management project for ONGC offshore west India.

The agreement between the two companies includes the reprocessing and imaging of over 5000 miles2 of multi-client seismic data.

The multi-million-dollar contract extends a long-term partnership between the two companies, which was first established in 2002.

The announcement comes a day after Petrolia, a partner in the programme along with Concedo and Idemitsu Petroleum, had said that drilling would start by 19 June.