The latest upstream news
Subsea Expo postponed to 2022
The three day exhibition and conference is now scheduled to run from 22 - 24 February 2022.
Hess sets 2021 budget of US$1.9 billion
Most of the company's 2021 budget will be allocated towards operations in Guyana.
Lundin Energy and Odfjell Drilling sign letter of intent for Deepsea Stavanger rig
The contract is set to commence in 3Q21 with a duration of one firm well plus eight optional wells.
Baker Hughes to provide digital solutions across Petrobras sites
Baker Hughes will support Petrobras’ offshore platforms and FPSOs with software and hardware solutions.
Subsea 7 awarded contract to install platform system offshore Angola
Subsea 7 will construct and install a platform system for Cabinda Gulf Oil in Block-0 offshore Angola.
Upcoming oil events
Middle East Oil & Gas Show and Conference
24 May 2021 - 27 May 2021
Bahrain International Exhibition & Convention Centre
158 Avenue 28,
Sanabis,
Bahrain
Gastech Exhibition & Conference 2021
13 Sep 2021 - 16 Sep 2021
Singapore EXPO
1 Expo Drive,
#02-01,
48615,
Singapore
Global Energy Show 2021
21 Sep 2021 - 23 Sep 2021
BMO Centre
20 Roundup Way SE,
Calgary,
Alberta,
T2G 2W1,
Canada
Oil prices decline in face of China's Covid-19 infections, reported US oil storage levels and Iran oil exports
Oil prices declined on Friday as a cocktail of bearish news hit the market. A rise in China’s Covid-19 infections, reported storage builds in the US and news that Iran has boosted exports are pushing prices lower.
Magellan and Enterprise developing joint Houston crude oil futures contract
Affiliates of the two companies have entered into an agreement to jointly develop a futures contract for the physical delivery of crude oil in the Houston area.
API comments on suspension of oil and gas permitting on US federal lands
American Petroleum Institute President and CEO Mike Sommers has issued a statement on the Biden administration's decision to temporarily suspend oil and gas permitting on US federal lands and waters.
Gilmore appoints CEO to lead expansion plans
Gilmore, a provider of flow control solutions, has appointed David Nemetz as its new CEO.
ChampionX and Azerbaijan Chemical Society deliver webinars on oilfield problems and chemical solutions
Azerbaijan State Oil and Industry University’s SPE (Society of Petroleum Engineers) Chapter students are being offered training to help bridge the gap between the knowledge gained at university and in-house industry experience.
JDR wins subsea tieback work in Malaysia
JDR will manufacture and supply a 2.7 km long subsea production umbilical for the Ledang Redevelopment Segment 2 project, offshore Malaysia.
Oil prices fall over concerns at reported rising US oil storage levels and China adding travel restrictions
Oil prices have fallen today over concerns about reported rising US oil storage levels and China adding travel restrictions.
Energean to go ahead with subsea project offshore Egypt
A Final Investment Decision has been taken on the North El Amriya and North Idkunea (NEA/NI) concession subsea tieback project.