Exploration
Weekly Rig Counts from Baker Hughes
Baker Hughes has posted its Weekly Rig Count reports. US Rig Count is down 1 rig from last week to 265 with oil rigs down 1 to 188, gas rigs unchanged at 75, and miscellaneous […]
Exploration
Exploration
Drilling permit for Norwegian Sea wells in production licence 127 C
The Norwegian Petroleum Directorate (NPD) has granted Aker BP ASA a drilling permit for wells 6607/12-4 and 6607/12-4 A cf. Section 15 of the Resource Management Regulations. The wells will be drilled from the Deepsea […]
Exploration
The North Sea: New times, new methods and new opportunities
More than 50 years have passed since the first commercial discovery of oil was made in the North Sea. The gigantic Johan Sverdrup field – which started production in 2019 – will produce for the […]
Exploration
Drilling permit for North Sea well in Norwegian production licence 780
The Norwegian Petroleum Directorate (NPD) has granted Spirit Energy Norway AS a drilling permit for well 16/1-33 S, cf. Section 15 of the Resource Management Regulations. Well 16/1-33 S – a wildcat well in production […]
Exploration
Weekly Rig Counts from Baker Hughes
Baker Hughes has posted its Weekly Rig Count reports. US Rig Count is down 13 rigs from last week to 266 with oil rigs down 10 to 189, gas rigs down 3 to 75, and […]
Exploration
Norway kicks off APA 2020
The Norwegian Ministry of Petroleum and Energy has announced this year’s licensing round in mature areas on the Norwegian continental shelf – Awards in Predefined Areas (APA) 2020. After more than 50 years of exploration, […]
Exploration
Global OFS demand is set for a 25% decline in 2020: Here is how the recovery will unfold
Global demand for oilfield services (OFS), measured in the total value of exploration and production (E&P) company purchases, is set for a massive 25% yearly drop in 2020 as a result of the COVID-19-caused downturn, […]
Exploration
London-listed oil and gas independents’ hedging strategies will help navigate 2020 turmoil
London-listed independent oil and gas companies such as Tullow Oil, Cairn Energy, Premier Oil, EnQuest and Genel Energy will continue to face hurdles in sourcing adequate financing for new developments and exploration activity as weak […]
Exploration
Rystad Energy’s global outlook: Recoverable oil loses 282 billion barrels as COVID-19 hastens peak oil
The 2020 release of Rystad Energy’s annual global energy outlook reveals that the COVID-19 downturn will expedite peak oil demand, putting a lid on exploration efforts in remote offshore areas and as a result reducing […]
Exploration
Drilling permit for North Sea production licence 248 C
The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy a drilling permit for wells 35/11-24 S and A, cf. Section 15 of the Resource Management Regulations. Wells 35/11-24 S and A will be drilled from […]