OGUK report reveals impact of pandemic on offshore jobs
OGUK’s Workforce Insight report 2020 has shown that the number of workers on offshore oil and gas installations decreased by around 4000 as the UK went into lockdown in March this year.
The latest upstream news
CGG preparing for second phase of Nebula 3D survey
CGG is preparing for Phase II of its Nebula 3D survey in the Campos and Santos Basins offshore Brazil.
Oil gains on US hurricane but rise may be short-lived
Oil prices rose today as US production is hit by yet another hurricane, but the gains may prove to be short-lived due to the worsening Covid-19 pandemic.
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BP reports profit in 3Q20
BP reported a US$86 million underlying replacement cost profit for the three months to 30 September.
Partnership created to develop North Sea carbon dioxide infrastructure
BP, Eni, Equinor, National Grid, Shell and Total have formed a new partnership, the Northern Endurance Partnership, to develop offshore carbon dioxide transport and storage infrastructure in the UK North Sea.
THREE60 ENERGY awarded DNO duty holder contract
THREE60 ENERGY has won a multi-million pound contract to deliver duty holder services for DNO’s two assets in the UK Continental Shelf.
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Deep Casing Tools continues relationship with Shell Malaysia
Deep Casing Tools, together with its regional partner for Asia Pac, EFTECH, has successfully ran 3 more of its Turborunner tools with Shell Sarawak.
ADNOC awards contracts to optimise onshore field operations
ADNOC has awarded contracts worth US$324 million to optimise onshore field operations in Abu Dhabi.
Cenovus Energy and Husky Energy agree merger
Cenovus Energy has agreed to buy Husky Energy in an all-stock deal valued at CAN$3.8 billion (US$2.9 billion).
Seismic consortium awarded contract by Petronas
A seismic consortium comprising PGS, TGS and WesternGeco has been awarded a multi-year contract by Petronas to acquire and process multi-sensor multi-client 3D data in the Sarawak Basin.
BP begins production at Qattameya field
BP has started production from the Qattameya gas field in the North Damietta offshore concession.
EM&I receive DNV GL approval for ‘In Water’ and ‘Remote Inspection Techniques’
EM&I have received approval from DNV GL in Aberdeen, UK, for their DNV GL-CP-0484 Approval of Service Suppliers Process for ‘A03 In Water Surveys (ROV)’ and ‘A16 Remote Inspection Techniques (Camera)’.
Oil prices on the mute despite bearish market atmosphere
Oil prices remained mostly unchanged on Friday, despite an overall bearish sentiment caused by the pandemic, with the only bullish note coming from Russia.
ABB methodology aims to lower costs and increase value of capital investment projects
ABB Adaptive Execution integrates expert teams, new technologies, agile processes, shared learnings, and proven methodologies into a single, streamlined project execution experience.