Blue Ocean Seismic Services, the marine seismic survey disruptor, is pleased to announce that it has completed a series of passive and active sea trials in the North Sea using a DP2 class Multi Role Vessel.
Global capital expenditure (capex) for exploration and production firms (E&Ps) is expected to drop by up to $100 billion this year, about 17% versus 2019 levels, under Rystad Energy’s updated base case scenario of $34 per barrel in 2020 and $44 per barrel in 2021.
Equinor and partner Neptune have struck oil in the Sigrun East prospect in the North Sea. Recoverable resources are estimated at between 7 and 17 million barrels of oil equivalent.
ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block.
An Aberdeen-based provider of data science and predictive analysis services, OPEX Group, has secured a contract for digital services with Chrysaor, the UK’s leading independent E&P company
Aberdeen headquartered well engineering and project management firm, Zenith Energy, has started operations on a six-month contract in Morocco worth an estimated £1million in value.
i-Tech 7, Subsea 7’s Life of Field business unit, has successfully completed an underwater inspection in lieu of dry-docking (UWILD) project for Borr Drilling in the North Sea.
Nalcor Energy-Oil and Gas and Beicip-Franlab, in partnership with the Government of Newfoundland and Labrador, today released the 2019 Oil and Gas Resource Assessment results which identify an additional 3 billion barrels of oil and 5.8 trillion cubic feet of gas potential offshore Newfoundland.
