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Upstream news updates

 

Total to invest in Waha concessions in Libya

Total will finance contributions of US$70 million at the outset, US$30 million when the North Gialo field will come onstream and US$30 million when the NC 98 field will come onstream.

Chevron announces capital and exploratory budget for 2020

In the upstream business, approximately US$11 billion is forecasted to sustain and grow currently producing assets, including about US$4 billion for Permian unconventional development and about US$1 billion for other international unconventional development.

Aker Solutions to support BP Cypre project with FEED

The contract will see Aker Solutions deliver front-end engineering and design (FEED) for the first platform in a potential series of future assets within BP’s Trinidad and Tobago (BPTT) portfolio.


More oil news updates

 
 
 

Subsea UK announces new board for 2020

The newly elected board will operate under the leadership of chairman, Bill Edgar, and chief executive, Neil Gordon, with a focus on ensuring the UK is represented across the global subsea industry.

 

Exceed posts record results

The well management and performance improvement company posted its annual results (year end to 28 February 2019), reporting that pre-tax profit has increased from £365 000 to £2.3 million.

 

Neodrill and Intermoor sign global cooperation agreement

Effective immediately, the new partnership is a global non-exclusive agreement that will see InterMoor support Neodrill with project execution, installation services and business development of its CAN technology.