Skip to main content
 

The latest upstream news

*

Murphy Oil to make further cost savings

The company has made an additional reduction in the 2020 capital plan down to the new midpoint of US$780 million from the previously announced US$950 million in March 2020.


ANP suspends 17th Bidding Round

ANP announced the suspension in compliance with a request from the country's Ministry of Mines and Energy.


Whiting Petroleum files for bankruptcy

The company has more than US$585 million of cash on its balance sheet and will continue to operate its business in the normal course without material disruption to its vendors, partners or employees.

 

Woodside's Scarborough project gets green light

Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has advised of its acceptance of the Scarborough offshore project proposal.


 

Upcoming oil events

 

OTC 2020

04 May 2020 - 07 May 2020

NRG Park
Houston, Houston, Texas, United States

AAPG ACE 2020

07 Jun 2020 - 10 Jun 2020

George R. Brown Convention Center
1001 Avenida De Las Americas, Houston, Texas, 77010, United States

Global Energy Show 2020

09 Jun 2020 - 11 Jun 2020

BMO Centre
20 Roundup Way SE, Calgary, Alberta, T2G 2W1, Canada
 

 

Subsea 7 withdraws 2020 guidance

The company has said it has sufficient liquidity to weather the challenges of low commodity prices and the Covid-19 pandemic.

 

BP announces cuts to spending

BP has cut its 2020 spending plans by 25% and will reduce output from its US shale oil and gas business.

 
 
 
 
 

Key Petroleum responds to Covid-19

Key has made an application a 12-month Suspension and Extension for Permit Year 3 in which the Wye Knot-1 well was to be drilled.

 

Oil Search completes well tests in Alaska

Mitquq 1 ST1 flowed at a stabilised rate of 1730 bpd from a single stimulated zone, while the Stirrup 1 exploration well flowed at a stabilised rate of 3520 bpd from a single stimulated zone.

 
 

Upstream news Oil and gas news Upstream new updates Upstream today Upstream magazine Today's upstream news