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08 Apr 20 |
Norway: NPD reports reduced exploration activity with production maintained for now The Norwegian Petroleum Directorate (NPD) reports that exploration activity on the shelf has been reduced, and production will be maintained for the time being, in spite of the corona outbreak and the decline in oil price. At the same time, the companies have announced and initiated several measures that could have long-term consequences for production and overall resource extraction. |
08 Apr 20 |
Norway: Aker BP awards Allseas a call-off for removal and disposal of installations in the Valhall area Aker BP has awarded Allseas a call-off for removal and disposal of multiple installations in the Valhall area in the North Sea in the period from 2021 to 2026. |
08 Apr 20 |
UK: Baron Oil JV to relinquish Inner Moray Firth licence Baron Oil and its JV partners have relinquished the Corallian Energy-operated Inner Moray Firth licence Licence P2470, awarded in the 31st Offshore Licensing Round, and which includes Blocks 11/23, 11/24c and 11/25b, following the disappointing results of the 11/24b-4 Wick well and subsequent 3D seismic reprocessing. |
07 Apr 20 |
UK: INEOS to INEOS to postpone shutting down of Forties Pipeline System until Spring 2021 NEOS FPS has responded to further requests from customers and delayed its planned shutdown of the Forties Pipeline System (which was originally planned for June 2020). The Shutdown will now be scheduled for Spring 2021. |
07 Apr 20 |
Norway: Nova module ready for sail away to Neptune Energy’s Gjoa platform Neptune Energy has announced the load out of the 740-tonne topside module for the Nova brownfield project in the Norwegian North Sea. The module will process the Nova field hydrocarbons and provide water injection facilities via the Gjoa platform. It is scheduled to be installed next month on Gjoa, |
07 Apr 20 |
UK: Government admits BP drilling permit process was unlawful - Greenpeace wins legal challenge The government admits it acted unlawfully in granting BP’s permit to drill for at the Vorlich field in the North Sea, a Greenpeace legal challenge reveals, after officials rubber-stamped BP’s drilling application with no public scrutiny. |
07 Apr 20 |
Norway: Wintershall Dea makes oil discovery at the Bergknapp prospect in the Norwegian Sea Wintershall Dea has made an oil discovery at the operated Bergknapp prospect in the Norwegian Sea, close to the Maria field. The well, drilled by the Scarabeo 8 drilling rig, encountered an oil column of at least 60 meters in the Garn Formation and an oil column of at least 120 meters in the Tilje Formation. |
07 Apr 20 |
Georgia: Block Energy announces operations update Block Energy, the exploration and production company focused on Georgia, has announced an operations update including actions taken following the Covid-19 outbreak. |
07 Apr 20 |
Norway: Wintershall Dea Norge makes oil discovery near the Maria field in the Norwegian Sea – 6406/3-10 Wintershall Dea Norge is in the process of concluding the drilling of wildcat well 6406/3-10 in PL 836 S. The well, which was drilled about 8 kms west of the Maria field in the Norwegian Sea, encountered an oil column in both the primary and secondary targets. Preliminary estimates place the size of the discovery at between 4 and 15 million Sm3 of recoverable oil equivalents. |
06 Apr 20 |
Turkey: Valeura Energy doubles working interest and re-affirms commitment to deep unconventional gas play Valeura Energy, the upstream natural gas company focused on the Thrace Basin of Turkey, has announced an increase in its working interest in the Banarli and West Thrace exploration licenses and re-affirmed its commitment to appraisal of its deep unconventional gas play. |
06 Apr 20 |
Norway: Aker BP makes minor gas discovery southwest of the Skarv field in the Norwegian Sea - 6506/5-1 S Aker BP has concluded the drilling of wildcat well 6506/5-1 S in PL 1008. The well, which was drilled about 50 kms southwest of the Skarv field in the Norwegian Sea, encountered a total gas column of about 15 metres in the Lysing Formation. Preliminary estimates place the size of the discovery between 1.0 and 2.4 billion standard cubic metres (Sm3) of recoverable gas. |
05 Apr 20 |
The current challenges for the UK and Norway in the face of COVID-19 - Westwood Insight The world has been transformed in the past month since the Covid-19 pandemic took hold. The dramatic impact of COVID-19 on global oil demand has been compounded by Saudi Arabia and Russia failing to agree production cuts to stabilise oil prices. With Brent trading well below US$30/bbl the resilience of the sector is once again being pushed to its limit. |
05 Apr 20 |
UK: OGUK launches survey to understand issues facing supply chain The leading representative body for the UK offshore oil and gas industry, OGUK, has launched a survey in a bid to help find solutions to the problems faced by the supply chain as it deals with the impact of the coronavirus pandemic and low oil and gas prices. |
