CNOOC begins production at Liuhua oilfield
The project is expected to reach its peak production of approximately 72 800 bpd in 2022.
The latest upstream news
Warrego Energy spuds second well on West Erregulla concession
The West Erregulla 3 well is located in the Perth Basin, onshore West Australia.
Oil starts the week on the back foot
Oil prices are falling today in response to a combination of supply-demand bearish news.
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Magseis Fairfield to carry out OBN survey in US Gulf of Mexico
The survey is anticipated to start in December 2020 with a project duration of approximately 80 days.
Shearwater GeoServices awarded 3D seismic survey by Petronas
The 3D seismic survey covers surface area of 6200 km2 in Suriname’s Block 52 and will be carried out by the Geo Caribbean vessel.
Sapura Energy wins contracts in Africa and South America
Sapura Energy has been awarded contracts with Eni, Petrobras and Foxtrot International.
Upcoming oil events
EPOCH of Sustainability. International Upstream Congress
05 Oct 2020 - 06 Oct 2020
ONLINE,
United Kingdom
SPE ATCE 2020
27 Oct 2020 - 29 Oct 2020
George R. Brown Convention Center
1001 Avenida De Las Americas,
Houston,
Texas,
United States
Wellesley drills dry well in North Sea
The well was drilled about 75 km north of the Gjøa field in the North Sea and 60 km northwest of Florø.
Maersk Drilling aims to halve carbon emissions from drilling operations by 2030
Maersk Drilling estimates that about half the target can be achieved via further efficiency gains and known technical solutions and concepts, while the other half will be facilitated by investments in innovation in this space.
Oil falls as market corrects boosted price levels
Oil prices declined today as the market is correcting the exaggerated price levels reached in yesterday’s session. Meanwhile, Covid-19 demand concerns and US supply return.
NPD issues drilling permit to Equinor
The drilling programme for well 34/7-37 S concerns the drilling of a wildcat well in production licence 089.
Submission of bid in Nigeria’s 2020 Marginal Field Round
ADM Energy PLC has formally submitted a bid with the Nigerian Department of Petroleum Resources (DPR) for a marginal field in the 2020 Marginal Field Bid Round.
Eni and BP make gas discovery offshore Egypt
The preliminary evaluation of the well results indicates that the Great Nooros Area gas in place can be estimated in excess of 4 trillion ft3.
Premier Oil confirms refinancing discussions with Chrysaor
The company has confirmed that it has been in discussions with a number of third parties, including Chrysaor, regarding alternative forms of transactions to secure the long-term refinancing of the Group’s debt facilities.
Khurais oilfield recognised for adoption of 4th Industrial Revolution technology
Khurais is Saudi Aramco's second facility, after the Uthmaniyah Gas Plant, to be included in the World Economic Forum’s Global Lighthouse Network.