Upstream project news
OMV granted drilling permit in Norwegian North Sea
Well 6506/11-12 S. will be drilled about 4 kilometres west of the Morvin field.
Petrogas relinquishes interest in Malaysia onshore block
The relinquishment process of the SK331 block, located onshore Sarawak, East Malaysia, is expected to be fully completed before the end of the year.
US oil output will not recover pre-Covid-19 levels until 2022, says Rystad Energy
US monthly output is not likely to exceed 11.7 million bpd before 2022, according to Rystad Energy estimates.
Lukoil installs accommodation platform jacket in Caspian Sea
Lukoil has completed installation of a jacket for an accommodation platform topside at the V.I. Grayfer field.
Hurricane Energy given extension for Greater Warwick Area work
Hurricane Energy has been given further time by the Oil and Gas Authority to carry out work in the Lincoln subarea of Licence P1368 in the UK North Sea.
Petrofac begins Rubie and Renee well decommissioning contract
Petrofac will provide well operator, well engineering and project management services to decommission four wells within the Rubie and Renee fields, 200 km north east of Aberdeen.
TGS begins Norwegian Sea seismic survey
The AM20 survey covers the latest APA19 awards in the Norwegian Sea.
Guyana received US$4.9 million in oil royalties in 1Q20
The royalty payments came from oil production at the offshore Stabroek block.
Rystad Energy: Permian Basin 'last surviving epicentre of drilling activity'
The Permian Basin has systematically increased its market share in nationwide horizontal oil drilling in the US, reaching 74% as of last week, according to analysis by Rystad Energy of Baker Hughes data.
Bahamas Petroleum signs drill rig contract
The company has agreed a contract with Stena Drilling for the provision of an offshore drilling rig, with drilling planned to commence between 15 December 2020 and 1 February 2021.