Petrobras starts binding phase for sale of Tataruga offshore field stake
The company has also announced it is mothballing the Merluza platform.
The latest upstream news
Rystad Energy: Libya’s oil blockade could shrink upcoming global production glut by 65%
Libya's current oil output is approximately 100 000 bpd, in comparison to 1.2 million bpd before the onset of civil war.
Lloyd's Register welcomes OGA Energy Integration Project report
Lloyd's Register conducted a detailed technical study on behalf of the Oil and Gas Authority (OGA) into potential options for decarbonising the offshore energy system.
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Oil dips, correcting week's extravagant gains over renewed Covid-19 fears
Oil prices fell on Friday as traders corrected the extravagant gains of this week, pricing in concerns over Covid-19’s effect on the demand recovery.
Halliburton releases drill bit sensor
Cerebo Force in-bit sensors are designed to capture weight, torque and bending measurements directly from the bit.
Royal IHC to provide Yinson with FPSO equipment
The equipment will be placed onto the Anna Nery FPSO vessel on behalf of Yinson.
ExxonMobil to use Noble Corp drillship for Guyana project
The drillship Noble Sam Croft will begin drilling in 4Q20 after the rig finishes its current programme offshore Suriname.
TGS submits offer for PGS data library
TGS has made a US$600 million offer for part of PGS's multi-client data library.
Hurricane Energy reports risk of material downgrade
Hurricane has concluded that there is a reasonable probability that the oil water contact in the Lancaster field is shallower than the range of oil water contacts envisaged in the 2017 Competent Person’s Report by RPS Energy.
Upcoming oil events
EPOCH of Sustainability. International Upstream Congress
05 Oct 2020 - 06 Oct 2020
Allianz Park
Greenlands Ln,
Hendon,
London,
NW4 1RL,
United Kingdom
New kid on the block
Celeros Flow Technology is a new name in the upstream arena – but some of its brands will be very familiar. Oilfield Technology caught up with CEO José Larios to find out more.
OGA: offshore energy integration can deliver 30% of UK’s net zero target
The Oil and Gas Authority's Energy Integration Project report has found that oil and gas platform electrification is essential to cutting sector production emissions in the near term, and critical to the industry’s social licence to operate.
Novatek begins gas condensate production at North-Russkiy cluster
The fields have cumulative total annual production capacity of 7.7 billion m3 of natural gas and 1 million t of gas condensate.
GlobalData comments on BP transition to low-carbon energy
Will Scargill, Managing Oil & Gas Analyst at GlobalData, says that BP's transition to an integrated energy company will require "significant movements in the M&A market, if it is to be delivered in the targeted timeframe."
KBC releases value optimisation manifesto
The manifesto is intended to help asset owners and operators in the energy and chemicals industry drive top line revenue growth, at significantly less cost.
Joined-up data
Francois Laborie, Cognite, US, considers how to optimise the fraccing value chain through open data in a low-priced oil market.
Spirit Energy drills dry well near Ivar Aasen field
The objective of the well was to prove petroleum in reservoir rocks in the Middle Jurassic (Sleipner Formation) and the Upper Triassic (Skagerrak Formation).
Applied Petroleum Technology and Fluid Inclusion Consulting create JV
At the centre of the cooperation is the combination of three technologies: APT’s wellsite gas processing and interpretation software package Girasol with FIC’s exclusive access to Fluid Inclusion Technologies’ datasets and Rockwash Geodata’s sample washing and digitisation process.
Oil rises on US crude stocks news, Covid-19 remains a concern
Oil prices rose on Wednesday on expectation for a significant draw in US crude oil stocks last week, but Covid-19 remains a concern.
Rystad Energy comments on reports that Saudi Aramco may delay its September pricing of crude
Rystad has said that Saudi Aramco is seeing great uncertainty in the near term demand outlook for Saudi Arabia's crude.