Tag Archives: North Sea

As OPEC and its allies make their deepest cuts yet to crude production, Norway’s giant Johan Sverdrup oil field is exporting more than ever before. Crude loadings from the field are set at a record 4.4 million barrels, or 465,000 barrels a day, in August, according to a loading program …

The move expands the global infrastructure solutions firm’s business to include well management services for the upstream oil and gas industry.

The firm has been put in charge of maintenance, inspection and survey of the battery technology in a bid to extend the service life of storage assets.

The firm behind a marine powered buoy tested in the North Sea has announced a £1.5m million contract to supply the technology in Chile.

EV Private Equity (EVPE) has highlighted that the image of oil and gas for society and investors is a key concern going forward.

They say the oil and gas industry produces 2.5 quintillion bytes of data every day but only 1% of this is analysed. which they believe is a missed opportunity.

Petrofac has been handed a decommissioning contract for wells at two fields in the central North Sea.

Rig operator Valaris has announced a series of new awards worth a combined £69million. including a North Sea extension with Total.

Current data shows there are more than two billion barrels of oil equivalent in near-field opportunities that could potentially be unlocked.

Swedish firm Lundin Petroleum has made an oil discovery at the Goddo prospect in the Norwegian North Sea.