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Equinor has started production from Johan Sverdrup Phase 2. At plateau, the Johan Sverdrup field will produce 720,000 barrels of oil daily, aiming to rise to 755,000 barrels per day. Johan Sverdrup alone can meet 6-7 percent of the daily oil demand in Europe. Recoverable volumes in the Johan Sverdrup field total 2.7 billion barrels of oil equivalent. ....
India to scale up crude import from US, Africa to counter Saudi Arabia Instead of the average monthly import order of 14.8 million barrels, the Indian state-run oil refiners have placed orders for just 9.5 million barrels of Saudi oil in May Nevin John | April 7, 2021 | Updated 22:29 IST India, the third largest crude oil importer and consumer, plans to scale up its import from the US and Africa following Saudi Arabia s decision to raise official selling price (OSP) of oil shipments to Asia in May. The action by Saudi, the world s largest crude exporter, was largely conceived as a retaliation to India s plan to cut crude imports from there. ....
IOC buys first Johan Sverdup crude cargoes; to get 2 million barrels in May-June IOC will take delivery of 2 million barrels each of the North Sea crude in May and June Reuters | April 5, 2021 | Updated 15:36 IST State-run refiner Indian Oil Corporation (IOC) has bought 4 million barrels of Norway s Johan Sverdrup crude for the first time via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday. IOC will take delivery of 2 million barrels each of the North Sea crude in May and June, one of the sources said. Further details on the trades were not yet clear. ....