Lebanon offshore licensing round postponed again
The Lebanese Petroleum Administration said the decision was made as a result of the Covid-19 pandemic and the fall in oil prices.
The latest upstream news
ONGC moves drilling rigs before monsoon arrives
33 rigs were placed at their respective monsoon locations before the onset of the seasonal adverse weather conditions.
DTEK Oil&Gas creates virtual server for 3D modelling process
The virtual server was created for geology and field development specialists, who create 3D models of gas condensate fields in Petrel software package and work with over hundred gigabytes of data.
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Turkey could begin Mediterranean oil exploration in 3 – 4 months
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya.
Independent Oil and Gas awards Petrofac well management contract
The contract is for the development and management of five wells in the Southwark, Blythe and Elgood gas fields in the UK Southern North Sea.
Aker BP contracts remotely operated controls system
Optime Subsea's ROCS technology reduces completion time and cost by removing umbilical controlled tubing hanger operations.
Total needs to cover US$12 billion shortfall
Total now faces a revenue shortfall of at least US$12 billion (£9.76 billion) due to the crash in oil prices.
Rystad Energy: Canada's upstream industry has highest CO2 emission intensity, Norway lowest
Norway's CO2 intensity per produced boe in 2018 was approximately 7 kg compared to Canada's 39 kg/boe, according to a report by Rystad Energy.
Oil falls on stocks uncertainty, geopolitical and health concerns
Oil prices fell this morning as traders priced in concerns over the future of crude stocks, geopolitical tensions and fears over how Covid-19 will progress.
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Halliburton launches real time drill string position measurement system
The technology aims to reduce uncertainty and saves rig time by enabling operators to accurately position packers, perforating guns and the bottomhole assembly without running wireline or moving the work string.
Neptune Energy given permission for use of Deepsea Yantai drilling facility at Gjøa field
Norway's Petroleum Safety Authority has given Neptune Energy consent to use the facility for production drilling for a period of 240 days.
OKEA expects delays in first oil from Yme field
Covid-19-related disruption at Aker Solutions' yard in Egersund, Norway, where the Maersk Inspirer rig for the Yme project is undergoing an upgrade, has led OKEA to warn of a potential delay to first oil from the Yme field until the first half of 2021.
World Gas Conference opens call for papers
The call for papers presents an opportunity for industry leaders worldwide to showcase their expertise on a vast range of topics and speak in front of the global WGC 2021 audience.
Melbana Energy given extension on Beehive drilling permit
The company's permit for the Beehive prospect has been extended by 12 months to 21 December 2021.
CNOOC will not pre-empt Tullow's sale of Uganda assets
CNOOC will not exercise its pre-emption rights to acquire 50% of Tullow's assets in Uganda on the same terms and conditions as those agreed between Tullow and Total in April 2020.
Ace Oil Tools enters completions market
The Ace Splice Clamp is a ‘sub-less’ downhole product that protects the control lines during completion.
Oil falls on stock builds, US-China tensions
Oil prices fell this morning as industry data hint a crude stock build in the US and as the potential for US-China tensions rises.
Ascent Resources revises Slovenia strategy
The company has said it is confident that the Slovenian government will receive the required permits for further stimulation of the Petišovci tight gas project.
Petrofac awarded extension on Iraq crude export project contract
Petrofac has secured a further six-month contract extension with Basra Oil Company for its long-standing Iraq Crude Oil Export Expansion Project.