The U.S. government on Thursday forecast an above-normal 2021 Atlantic hurricane season, which is already off to an early start with a storm expected to form off Bermuda this week.The U.S. National Oceanic and Atmospheric Administration (NOAA) forecast between three and five major hurricanes…
Norway's oil and gas production exceeded official expectations in April, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.Crude oil output declined 2.7% from March to 1.726 million barrels per day (bpd) in April…
Ocean bottom node seismic data acquisition specialist Magseis Fairfield has applied and been approved as a partner in the Centre for Geophysical Forecasting (CGF).The CGF is one of The Research Council of Norway’s funded centers that is hosted…
Norway's oil and gas production slightly lagged official expectations in March, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday.Crude oil output fell 1.1% from February to 1.773 million barrels per day (bpd) in March…
Norway's oil production slightly exceeded official expectations in February, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output slipped 0.6% from January to 1.793 million barrels per day (bpd) in February…
Norway’s preliminary natural gas output exceeded official forecasts, while oil production was in line with expectations, data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday.Crude oil output slipped 0.6% from December to 1.8 million barrels per day (bpd) in January but was 9…
Canada's Cenovus Energy Inc on Thursday forecast higher production and spending for 2021 after its blockbuster purchase of rival Husky Energy, expecting to benefit from a rebound in fuel demand from a slump caused by the COVID-19 pandemic.Cenovus…
Norway's oil industry regulator has cut its 2021-2023 crude production forecasts, it said on Thursday, although output is still on track to grow significantly as new fields are brought on stream.The Norwegian Petroleum Directorate (NPD) expects oil production to grow by 3…
World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits…
Dutch marine services provider Boskalis said on Thursday it expected its 2020 core profit to match last year's result, offering a more optimistic outlook than market forecasts citing well-filled order books.The dredging giant, which counts energy companies among its major clients…
Tullow Oil said on Wednesday it was set to book $1.4-1.7 billion in impairments before tax in its half-year results, as it follows larger rivals in lowering its oil price forecasts.Tullow, which had a market capitalization of around $508 million after markets closed on Tuesday…
Norwegian oil and gas producer Var Energi, backed by Eni and private equity firm HitecVision, is seeking around $1 billion for its Jotun production ship, a source with direct knowledge of the matter told Reuters.Var would then lease the floating production…
Norway's oil production fell in May from the previous month but still exceeded official forecasts by 0.9%, the Norwegian Petroleum Directorate said on Friday.The country's crude oil output fell by 2.1% month-on-month from April to 1.74 million barrels per day…
UBS raised its forecasts on Thursday for the price of Brent crude this year, citing expectations of an undersupplied oil market as demand starts to pick up on the back of a recovering global economy.'Supply is being curbed by OPEC+ voluntary…
Norway's oil output jumped more than expected in April, the Norwegian Petroleum Directorate (NPD) said on Wednesday, while forecasts for the remaining year's production were cut in line with the government's decision following May's OPEC+ meeting…
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