Upstream news updates

Hydrocarbons were discovered at the Dugong well (PL 882), located in the Norwegian sector of the North Sea, last week.

The approval ensures that Ohio’s well plugging regulations address modern industry operations, standards and materials while putting in place better planning and review of plugging operations by the well owner as part of the permitting process.

Similar to the previous downturn, awards for FPSO vessels are set to recover next year, with seven projects likely to be sanctioned according to Rystad Energy.

BP invests US$5 million in a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes.

Oil prices fell as Covid-19 cases hit daily country record in the US, erasing previous gains and pricing in the demand uncertainty ahead.

The project will take place in the Asia Pacific region.

NOPSEMA is implementing a staged return to offshore inspections at oil and gas facilities in line with appropriate protocols in place to manage health risks associated with Covid-19.

API released the fifth edition of Specification 4F, a manufacturing standard that applies to both onshore and offshore well structures to ensure operational safety and sustainability.

The Odassea technology platform enables operators to execute intervention-less seismic imaging and reservoir diagnostics to reduce total cost of ownership while improving reservoir knowledge.

The four-year contract will provide a minimum of 30 Non-Umbilical Downhole Deployment Valves (NU-DDV™) that will be deployed in Eni’s critical wells.

Oil prices are largely stable today as a decline in gasoline stocks balances fear over increased Covid-19 cases in key-market countries.

The contract is for new water treating facilities for North Caspian Operating Company (NCOC) in Atyrau, Kazakhstan.

Petrobras plans to launch the leasing tender for the FPSO by the end of August.

Mexico's energy ministry has said that Pemex and Talos Energy have 120 working days to present a unification agreement to jointly develop the Zama reservoir in a way that would maximise its value.

Oceaneering will supply 3-in. M5 connectors, which will be used for monoethylene glycol (MEG) and chemical inhibitor (CI) service on the field subsea distribution system.

The aim of the portfolio agreement is to ensure a holistic approach to planning and execution of projects at the Oseberg fields in the North Sea.

The new product line marks an evolution for the established well engineering and management specialist and aims to provide end-to-end turnkey well operator support for the entire lifecycle of oil and gas wells. 

The findings have identified room for improvement in the way maintenance is planned, highlighting the need for a consistent strategy across equipment groups, systems and production units.

Kenneth J. Gerbino, Titan Oil Recovery, USA, considers the production upsides that could be gained from using a proven enhanced oil recovery technology and a seldom-used smallbore lateral drilling method.

Oil prices are just below yesterday’s levels as everyone waits to see how crude stocks will evolve and amid fears of demand destruction by Covid-19.

Because of the new market reality, Rystad Energy now estimates that instead of rebuilding Angola’s lost output by 2029, the country will likely never manage to produce at current levels again.

The fracture stimulation of the Vali-1 ST1 well, which is to be followed by flow testing, is expected to commence on 12 July 2020.

Production from the Lancaster field was 1.3 million bbl in 2Q20, compared to 1.4 million bbl in 1Q20.

The company will deploy its SonicGauge™ Wireless Monitoring System in onshore gas fields in Asia for a supermajor.