Exploration

Global E&P capex to reach 13-year low predicts energy research company

Submitted by Editorial on 1st April 2020

01st April 2020

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 making its first 2020 discovery on the Norwegian continental shelf

Submitted by Editorial on 3rd March 2020

03rd March 2020

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 ups Guyana recoverable resources to more than 8bn barrels

Submitted by Editorial on 28th January 2020

28th January 2020

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.

OPEX Group secures digital services contract with Chrysaor

Submitted by Editorial on 28th January 2020

28th January 2020

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

Zenith kick starts SDX Morocco contract

Submitted by Editorial on 21st November 2019

21st November 2019

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 strengthens UWILD track record in North Sea

Submitted by Editorial on 13th November 2019

13th November 2019

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.

Fugro completes deepwater AUV surveys for Shell in US Gulf of Mexico

Submitted by Editorial on 11th October 2019

11th October 2019

Fugro has completed several high-resolution geophysical surveys in the US Gulf of Mexico for Shell International Exploration and Production Company.

Offshore Newfoundland - findings of the 2019 Independent Resource Assessment released

Submitted by Editorial on 4th October 2019

04th October 2019

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.

Total, Eni stake new claim in Cyprus gas and oil search

Submitted by Anonymous on 19th September 2019

19th September 2019

Energy giants Total and Eni have joined forces to explore and exploit another oil and gas block up for grabs offshore from Cyprus, Cypriot authorities said Wednesday (18 September)

Gas discovery in the Norwegian Sea

Submitted by Anonymous on 18th September 2019

18th September 2019

Equinor and its partners AkerBP and Wellesley Petroleum have found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea