Live Breaking News & Updates on Oil And Gas Ministry|Page 21
Stay updated with breaking news from Oil and gas ministry. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Denmark: Fugro wins marine site characterisation contract for world’s first Energy Island Hub 12 Apr 2021 Danish Energy Island project in the North Sea. The contract is part of Energinet’s preliminary studies to build the world’s first ‘hub and spoke’ energy scheme: an energy island 80 km off the Danish coast that will act as a transmission centre for hundreds of surrounding wind turbines. Fugro will perform geophysical and unexploded ordnance (UXO) magnetometry surveys, which will be used to prepare an integrated geological and geotechnical soil model on which wind farm developers will base future tenders. The fieldwork will run from May to November 2021, resuming in February and March 2022, and will comprise two phases: Phase 1 will deliver the geophysical surveys, including seabed sampling and soil data down to at least 100 m below the seabed; Phase 2 will be the UXO magnetometry survey, using Fugro’s dedicated Geowing solution. Fugro’s expert ....
Petro Matad has announced an operational update including an update on the progress of its formal application for an Exploitation Licence for Block XX. ....
US: Permian oil output set to grow in Q2 as fracking reaches 12-month high; flaring lowest since 2017 12 Apr 2021 Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching a 12-month high in March 2021, a Rystad Energy report shows. The number of completed wells in the Permian basin during the first quarter of 2021 exceeded the required output maintenance level, so oil production is set to rise in the current quarter – but will likely slow again later in the year. Rystad Energy has already registered 967 started frac operations in North America for March 2021. As satellite data coverage is incomplete for the past few days, we estimate that about 97 jobs are yet to be detected if the running rate of frac activity is maintained in the remainder of the month. This will bring the final count for March to about 1,064 wells – exceeding the January 2021 activity level by about 6.5%. ....
Independent Oil and Gas (IOG) has announced the spudding of the Elgood development well, 48/22c-H1. Elgood is the first of five planned development wells in IOG s Phase 1 project and is expected to take approx. three months to drill and complete, after which the rig will move on to Blythe in early Q3. ....
Brazil: Petrobras signs Sepia and Atapu surplus Agreement 12 Apr 2021 Petrobras has signed an Agreement with the Federal Government, which establishes the stakes in each contract and the amount of compensation to Petrobras in the event of a bid for the Transfer of Rights´ surplus volumes in the fields of Sépia and Atapu. The Transfer of Rights Agreement, signed in 2010 between Petrobras and the Federal Government, included the exercise of exploration and production activities in the areas of Sépia and Atapu, with production volumes limited to 500 million barrels of oil equivalent (boe) in Sépia and 550 million boe in Atapu. ....