Eni and Sonatrach sign MoU for further upstream collaboration
The two companies have confirmed their willingness to continue the acceleration of the Berkine Nord gas project, which entered into production last February.
The latest upstream news
Premier Oil's acquisition of BP North Sea assets approved by creditors
Premier Oil has also said it will not be pursuing the purchase of the additional 25% interest in the Tolmount gas field from Dana Petroleum.
Subsea 7 secures Gulf of Mexico contract
Offshore installation activities are scheduled for 2020.
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Oil recovers gains as US crude stocks relief reassures traders
Oil prices rose this morning, reversing earlier losses, as a crude stockpile relief in the US, still inspires market confidence.
Successful applicants for exploration acreage in Cooper and Otway Basins announced
Beach Energy, Cooper Energy, Leigh Creek Energy, Cordillo Energy, Gidgee Energy and Vintage Energy are the companies to have been awarded exploration licences by the South Australia State Government.
Eni makes gas discovery offshore Egypt
The exploration well drilled by Eni is located in the North El Hammad licence in the Nile Delta.
Neptune Energy awards Cygnus field inspection contract to Fugro
Fugro’s scope of work includes inspection of subsea infrastructure including pipelines and umbilicals, spools and communication cables, and standard structural surveys of the Neptune-operated Cygnus gas platform jackets.
Eni contracts Vantage Drilling jack-up rig
The Topaz Driller has been contracted to perform drilling services offshore Montenegro for 180 days.
Oil prices strengthen on stock relief indication
Oil prices rose this morning on indications that crude inventories in the US fell by more than 8 million bpd last week.
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Unconventional Resources Technology Conference (URTeC) 2020 Online
20 Jul 2020 - 22 Jul 2020
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CGG GeoSoftware and Alibaba Cloud to support E&P companies with cloud geoscience technologies
CGG GeoSoftware has collaborated with Alibaba Cloud to deploy its suite of proprietary geoscience software solutions on the Alibaba Cloud platform.
SBM Offshore completes bridge loan for FPSO Sepetiba
The US$600 million bridge loan facility will be drawn in July 2020 to finance the ongoing construction of the FPSO Sepetiba.
Oceaneering to provide inspection services in Angola for Chevron subsidiary
Oceaneering will provide inspection services for Cabinda Gulf Oil Company Ltd. onshore Cabinda, Angola, and offshore Angola on Blocks 0 and 14.
Shearwater lands seismic contracts with CGG and Oil India
The company will carry out the Brazil Nebula survey extension for CGG and a 3D scope for Oil India lasting 1.5 months, starting in 3Q20.
TGS and PGS release final data for Torngat 3D offshore Labrador
The Torngat survey covers approximately 3300 km2 and sits within Labrador Sea’s southern sedimentary basins, where frontier exploration has already successfully identified hydrocarbons.
Aker Solutions to deliver subsea production system for Askeladd offshore gas development
The development of Askeladd Vest is phase two of the multi-phased Snøhvit gas development in the Barents Sea.
Subsea 7 secures Hod field development contract
The contract scope includes EPCI for pipelines, umbilicals and tie-ins.
ConocoPhillips announces estimated 2Q20 production curtailments
Excluding Libya, and adjusting for closed dispositions and curtailments, production in 2Q20 is expected to be in line with the same period a year ago and approximately 5% below 1Q20.
Iraq’s OPEC+ compliance doomed to fall short of target, says Rystad Energy
Rystad Energy estimates Iraq’s actual ability to cut more barrels is limited to between 300 000 and 500 000 bpd.
Oil prices decline as a careful market waits for concrete positive news
Oil prices declined this morning as traders continue to keep them in manageable levels, on anticipation of more bullish news and with a wary eye on how Covid-19 evolves.