Seadrill Ltd. fell in Oslo trading as the offshore driller controlled by billionaire John Fredriksen sees the rig market remaining challenging until next year after a collapse in oil prices.
Capital and operating costs in the UK and Norway's upstream sectors will decrease steadily this year as operators respond to lower oil prices, according to the latest analysis from Wood Mackenzie.
Engie, the French utility giant formerly known as GDF Suez SA, is studying fossil-fuel acquisitions.
Premier Oil has struck oil at the Isobel Deep exploration well, 14/20-1, in the North Falkland basin, approximately 30 km south of Sea Lion field.
Eni has made a gas and condensates discovery offshore Libya, in the Bouri North exploration prospect.
A flamboyant bird will get new protections when federal regulators announce a plan to limit oil and gas drilling on its sprawling western U.S. habitat, which may stave off declaring the greater sage-grouse as endangered.
Drilling, LNG prospects face stiff headwinds
The North Sea’s Troll field, 80 km northwest of Bergen, is Norway’s largest gas reservoir.
Part 1: In this first of two monthly reports, the authors highlight innovations in beam/rod pumping, linear lift units, hydraulic piston pumps, hydraulic jet pumps, and more.
Future deepwater GOM projects are less vulnerable to low oil prices. Even as the price of oil teeters around $50, the Gulf of Mexico is poised on the brink of a production boom. Repercussions of the price collapse in this offshore market depend less on how low prices go, than how long they stay there.
Turn out the lights
Despite lower crude prices, India’s ONGC goes ahead with ambitious plans
Data courtesy of Baker Hughes.
Market data is delayed and provided by Barchart.
Connecting marketers to the World Oil audience What is this?
World Oil TechTalk allows marketers to connect directly with the World Oil audience by enabling them to create content and participate in the conversation on the World Oil website. Each TechTalk article is produced by the marketer. More on TechTalk here.
Over the last two years, we’ve seen a marked increase in the number of gas divestments taking place in Canada’s oil and gas sector.
Connect with World Oil
Sign-up for World Oil Daily News