Upstream project news

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.

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

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.

Rystad Energy has released its annual global energy outlook, which claims that the Covid-19 downturn will expedite peak oil demand.

Williams will provide offshore natural gas and oil gathering and production handling services for the Taggart development in the Mississippi Canyon area of the Gulf of Mexico.

The well is located to the west of the Snorre field in the Northern North Sea, in a block operated by Neptune Energy.

The system, which enables faster and more cost-effective planned interventions, will be first applied on Equinor’s Visund field in the North Sea.

Wells 35/11-24 S and A will be drilled from the West Hercules drilling facility.

The consortium, including INEOS Oil & Gas Denmark, Wintershall Dea and Maersk Drilling, aims at building infrastructure and capabilities that will enable CO2 captured in onshore facilities to be transported offshore for injection and storage beneath the seabed.