OGUK’s Workforce Insight report 2020 has shown that the number of workers on offshore oil and gas installations decreased by around 4000 as the UK went into lockdown in March this year.
The latest upstream news
CGG is preparing for Phase II of its Nebula 3D survey in the Campos and Santos Basins offshore Brazil.
Oil prices rose today as US production is hit by yet another hurricane, but the gains may prove to be short-lived due to the worsening Covid-19 pandemic.
Deep Casing Tools, together with its regional partner for Asia Pac, EFTECH, has successfully ran 3 more of its Turborunner tools with Shell Sarawak.
Cenovus Energy has agreed to buy Husky Energy in an all-stock deal valued at CAN$3.8 billion (US$2.9 billion).
A seismic consortium comprising PGS, TGS and WesternGeco has been awarded a multi-year contract by Petronas to acquire and process multi-sensor multi-client 3D data in the Sarawak Basin.
EM&I have received approval from DNV GL in Aberdeen, UK, for their DNV GL-CP-0484 Approval of Service Suppliers Process for ‘A03 In Water Surveys (ROV)’ and ‘A16 Remote Inspection Techniques (Camera)’.
Oil prices remained mostly unchanged on Friday, despite an overall bearish sentiment caused by the pandemic, with the only bullish note coming from Russia.