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Oilfield service companies see drilling rebound everywhere but the U.S.

Schlumberger posted better-than-expected earnings Friday and forecast an increase in overseas spending by customers in the next quarter. Earlier in the week, Halliburton said oil markets outside North America may see double-digit growth in the second half of 2021, while Baker Hughes predicted a modest recovery in Latin America, the North Sea and the Middle East.

Asian oil refiners target European crude as Saudi output falls

There have been signs across the oil market of traders expecting tighter supplies following the Saudi cuts. The shape of the Brent futures curve returned to backwardation earlier this week, meaning more immediate prices are trading at premiums.

Ørsted and Amazon sign Europe’s largest offshore wind corporate power purchase agreement

The 250MW corporate power purchase agreement, the largest ever for offshore wind in Europe, will help Amazon achieve their commitment to be net zero carbon by 2040 as set out in their Climate Pledge.

There's something rotten in the state of Denmark's grand energy plans

It's a tale of two cities with the EU's largest oil producer swearing off production by 2050, as OPEC+ stalwarts Saudi Arabia and the UAE grapple over who will lead the group's drive to meet the world's future oil demand.

EU’s biggest oil producer to end North Sea operations by 2050

Denmark, the European Union’s biggest oil producer, will stop offering new licenses in the North Sea and phase out production altogether in 2050 as it takes an historic step toward a fossil-fuel free future.

Repsol to wind down oil exploration, focus on renewables growth

Repsol SA will reduce its dividend next year as it outlined plans to wind down the search for oil and expand its renewable capacity fivefold during the next decade.

Schlumberger to de-list from London Stock Exchange

Schlumberger has announced that the company's board of directors in January 2020 approved the cancellation of the listing of the company’s common stock on the standard segment of the Official List of the London Stock Exchange and the cancellation of admission to trading of such shares on the main market of the LSE.

Is there a bottom for Europe’s plunging natural gas market?

The global glut of the fuel has seen prices plunge in the U.S., Europe and Asia as a wave of liquefied natural gas hits the market. Associated gas from oil fields in North America also boosted supplies at a time when demand growth is under threat from a slowing global economy and the coronavirus.

Exxon looks to divest UK, German upstream assets

Exxon Mobil plans to start gauging buyer interest in its UK and German upstream operations in the coming weeks as the oil major continues to divest overseas assets, people with knowledge of the matter said.

KCA Deutag secures $460m of land drilling contracts in the Middle East, Africa and Europe

Global drilling and engineering contractor KCA Deutag announced that its land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa and Europe.

Jersey Oil and Gas details Buchan’s "significant" resources

Jersey Oil and Gas PLC has revealed the findings of a new independent evaluation of its recently acquired Greater Buchan Area project in the North Sea.

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector

EU’s lending arm to phase out funding of fossil fuels

The European Investment Bank plans to stop funding fossil fuels starting in 2021 as Europe steps up the fight against climate change, according to a draft of the EIB’s new energy strategy.

Aker BP completes drilling of wildcat northeast of the North Sea's Alvheim field

Aker BP ASA, operator of production license 442, has completed the drilling of wildcat well 25/2-21 (Liatårnet).

New CEO appointed at EnerMech

EnerMech, the Aberdeen-headquartered provider of specialist services to the energy and infrastructure sectors, has today announced that John Guy has been appointed as CEO, succeeding company founder Doug Duguid, who will assume the role of deputy chairman.

Improved reservoir recovery anticipated for Norway’s Gudrun field with new investment

The Gudrun partners have decided to invest in a water injection plant on the Gudrun field to improve reservoir recovery. This will extend the field life by three years compared to the original plan.

Equinor drills dry Norwegian well west of Johan Sverdrup

Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7.

Decommissioning in Shetland expands with the arrival of more North Sea structures

The Dales Voe decommissioning facility in Shetland is one step closer to becoming a center of excellence for recycling offshore structures from the North Sea with the arrival of two new installations for decommissioning by strategic partners Veolia and Peterson.

Norwegian Petroleum Directorate reports high activity in the first six months of the year

Production on the Norwegian shelf is holding steady at a high level. Many projects are in the development or planning phases.

Aker BP strikes oil in the NOAKA area, offshore Norway

Aker BP is about to complete the Liatårnet exploration well in license 442 in the NOAKA area. The well has proved oil with a gross resource estimate of 80-200 MMboe.