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.
The latest upstream news
TGS announces details of Atlantic Margin seismic survey
The 5600 km2 survey will be undertaken over 90 days and is an extension of Atlantic Margin surveys acquired between 2017 and 2019.
ANP suspends 17th Bidding Round
ANP announced the suspension in compliance with a request from the country's Ministry of Mines and Energy.
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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.
Polarcus awarded 3D seismic project in northwest Europe
The project is due to commence in 2Q20 and last approximately 3 months.
Searcher completes Argentina offshore 2D reprocessing expansion project
The expanded coverage over the Malvinas and Austral Basins adds to Searcher’s existing data in the area.
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.
TechnipFMC reduces 2020 CAPEX
The company has announced a 30% reduction in 2020 CAPEX to US$300 million.
Petrobras announces further cuts to production
Oil production will be cut by 200 000 bpd, a volume that includes the reduction of 100 000 bpd announced on 26 March 2020.
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AAPG ACE 2020
07 Jun 2020 - 10 Jun 2020
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09 Jun 2020 - 11 Jun 2020
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First gas achieved at ONGC project in Krishna Godavari Basin
At 4265 ft (1300 m), the first well that has been opened for early first gas is the deepest water depth opened by ONGC.
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.
Wintershall Dea awards Applied Petroleum Technology global frame agreement
Applied Petroleum Technology will provide geochemical analyses including consultancy services to deliver interpretation of drilling samples and other reservoir data.
ERIELL Group provides 2019 operational update
The company's 2019 projects were mainly concentrated in Russia and Uzbekistan.
African Energy Chamber: continent's oil-reliant countries vulnerable to Covid-19 and oil price crash
Analysis by the African Energy Chamber has identified Senegal, Angola and Nigeria as particularly vulnerable.
ABS to provide classification for Silver Eagle's self-elevating drilling units
Silver Eagle says the self-propelled design is capable of working at greater water depths and in harsh environments.
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.
Aker Energy cancels FPSO contract with Yinson
Aker Energy was due to charter an FPSO for the deepwater Tano/Cape Three Points (DWT/CTP) project, offshore Ghana.