Oil & Gas
Undersupply in 2025
Rystad Energy predicts a future undersupply of 5 million bpd of oil and significantly higher prices.
NCS: Oil production to be reduced
Production to be cut by 250,000 barrels per day in June and by 134,000 barrels per day in the second half of 2020.
The Paleo-Five Project – crossing the chequered flag
A template for multi-sponsored integrated studies, forming the seed for future Paleozoic research in the North Sea.
Crossing a milestone
Neptune is launching an extensive drilling campaign on the Fenja field in the Norwegian Sea.
NCS: Demand immediate actions
Mayors in 32 municipalities warn in a joint call against a full halt in new oil projects and demand action.
NCS: 10 more years for Troll B
So far, more than one billion barrels of oil have been produced. The Norwegian Petroleum Directorate reports that they have given operator Equinor and the other Troll licensees consent to…
Artificial Intelligence and Petroleum System Risk Assessment
Using artificial intelligence to assess hydrocarbon charge risks. AI and Petroleum System Risk Assessment At this turning point for the oil and gas industry, with escalating competitiveness and a need…
UKCS: Lancaster has reached 20,000 bopd
Q1 2020 Production Lancaster EPS Quarterly Production Update Q4 2019 Q1 2020 Oil Production Million barrels 1.1 1.4 Oil Rate Barrels of oil per day (bopd) 11,800 14,900 …
Resources may be lost
Several companies have notified and initiated measures that may affect future production on the Norwegian continental shelf, the Norwegian Petroleum Directorate announces this morning.
Norway may cut oil production
Norway is considering cutting its production of oil as a part of an international agreement, Bloomberg reports.