The reservoir of the Bozhong 26-6 oilfield is buried in metamorphic rocks beneath the seabed at a depth of over 4,500 meters, and its formation temperature can reach 178 degrees Celsius, making its ...

Shell has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage and offloading, FPSO, facility (Shell 50%, operator; NEO Energy 50%). The previous ...

Aker BP and its partners have discovered a dry well in the Njargasas prospect of Norwegian North Sea. The wildcat well 35/6-5 S in production licence 1110 was awarded in February 2021 as part of the ...

The first ship in a 30 billion-kroner ($2.7 billion) plan to store emissions under the North Sea arrived in Norway as the ...

Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

The operator plans to exploit Hercules, along with other nearby discoveries. Beach last year filed an offshore project ...

The real-time price of Brent crude oil is at $74.56 per barrel, and the price of WTI crude oil is at $70.88 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...