Hurricane receives extension from OGA for Lincoln commitment well at Greater Warwick Area

Hurricane Energy, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has provided an update in relation to planned activities on the Lincoln subarea of Licence P1368, part of the Greater Warwick Area ('GWA'). In light of the COVID-19 pandemic, Hurricane has requested extensions to certain licence commitments pertaining to Lincoln. The Oil and Gas Authority has responded positively to...

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Hurricane Lancaster shuts-in production

On 22nd May 2020, Hurricane announced that it would be shutting in the 205/21a-7Z well at Lancaster. This follows an attempt to increase production at the well to test the viability of reaching 20,000bopd across both wells on the field. However this attempt had led to unstable production at 205/21a-7Z caused by interference between the existing two wells. Production will now continue at 205/21a-6 only and current production is at 10,300bopd. Hurricane...

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Neptune Energy announces completion of seismic survey offshore Egypt

Neptune Energy has announced the successful completion of an ocean bottom nodes (OBN) multiclient survey in the North West El Amal block, offshore Egypt, delivering promising results for further analysis. The project, prefunded by Neptune, was carried out by WesternGeco, the seismic and geophysical data solutions division of Schlumberger, under a contract with the Egyptian General Petroleum Corporation (EGPC), sponsored by the Egyptian Ministry...

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Oil giants posturing

Since the collapse of the OPEC+ meetings and in the wake of seismic demand destruction from COVID-19, both Saudi Arabia and Russia have been in a battle of who will blink first with commitments to increase production in the hopes of forcing the other back to the table to recommence production cut discussions. However as of today, there has been no face saving solution for either to MBS or Putin to back down and even Trump's calls to OPEC/Russia...

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Shell acts to reinforce business resilience and financial strength

Shell acts to reinforce business resilience and financial strength 23 March 2020 Press release as follows: As the COVID-19 virus spreads across the world - seriously impacting people’s health, our way of life and global markets - Shell is putting the safety and health of our people and customers first, along with the safe operations of all our businesses. At the same time, we are taking decisive action to reinforce the financial strength and...

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COVID-19 North Sea Recovery by end 2020

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Which hydrocarbon sources are the highest Greenhouse Gas emitters?

The main culprit we are familiar with as a Greenhouse Gas ("GHG") is Carbon Dioxide CO2. However Methane CH4 is a worse polluter with 25 times the potency as a GHG than CO2. Below is a comparison of GHG emissions intensity by hydrocarbon source. This includes CO2 and CH4 emissions. Unsurprisingly, energy intensity processes needed to extract hydrocarbons are high on the emissions list. ...

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