Spectrum starts 1,800km² 3D seismic survey off Norway
Spectrum, a global company which provides seismic surveys and high-quality seismic imaging services to the global oil and gas industry, has started acquisition of 1,800 km2 Multi-Client 3D seismic survey offshore Norway in the Western Barents Sea.
Deals this week: Royal Dutch Shell, Sinopec, AKOFS Offshore
Shell plans to sell its royalty interests in 17 leases in Ewing Bank, Garden Banks, Green Canyon, Main Pass Area, Mississippi Canyon, and Walker Ridge areas in the US Gulf of Mexico.
Report: Low crude oil prices to continue to impact capex spending on planned projects
Capex spending on planned oil and gas projects is expected to fall further due to low crude prices, with estimated decreases from $299.2bn in 2016 to $167.61bn by 2020, according to a GlobalData report.
Lundin Norway wins drilling permit for well 7219/12-1 in North Sea
Lundin Norway has secured a drilling permit from the Norwegian Petroleum Directorate (NPD) for well 7219/12-1 in the North Sea.