Upstream news updates

CGG is preparing for Phase II of its Nebula 3D survey in the Campos and Santos Basins offshore Brazil.

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.

BP reported a US$86 million underlying replacement cost profit for the three months to 30 September.

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 has won a multi-million pound contract to deliver duty holder services for DNO’s two assets in the UK Continental Shelf.

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 has awarded contracts worth US$324 million to optimise onshore field operations in Abu Dhabi.

Cenovus Energy has agreed to buy Husky Energy in an all-stock deal valued at CAN$3.8 billion (US$2.9 billion).

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 has started production from the Qattameya gas field in the North Damietta offshore concession.

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 remained mostly unchanged on Friday, despite an overall bearish sentiment caused by the pandemic, with the only bullish note coming from Russia.

ABB Adaptive Execution integrates expert teams, new technologies, agile processes, shared learnings, and proven methodologies into a single, streamlined project execution experience.

Brazil's ANP has approved Karoon Energy's purchase of the Baúna field from Petrobras.

Well 7018/5-1 will be drilled from the West Hercules drilling facility.

Archer has secured a two-year contract extension with a major North Sea operator.

The API has a published a suite of standards developed to support proper construction, safe operation and maintenance of offshore pedestal-mounted cranes for natural gas and oil platforms, as well as training for offshore crane operators.

The survey, for an unnamed NOC, will commence in 4Q20.

TMK, a producer of tubular products for the oil and gas industry, has announced its operational results for 3Q20 and the first nine months of 2020.

Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately US$4.5 billion.

Maersk Drilling has been awarded a three-well contract from Total E&P Angola.

Peterson has agreed a project logistics services contract with OneSubsea to support their work on the Matapal project in Trinidad and Tobago.

The new service aims to help operators enhance asset performance, eliminate downtime, and reduce maintenance costs.

Oil prices fell today as a projected rise in US crude oil inventories raised concerns in the market that the supply-demand balance is deteriorating.