Oil & gas news
Oil largely flat as good news in US and Europe balanced by pessimism in India
Oil prices are largely unchanged today as positive developments in the US and Europe face off with increasing Covid-19 infections in India.
CGX and Frontera Energy contract Maersk rig for Guyana exploration campaign
The contract contains one firm-well in the Corentyne Block and one optional well for the Demerara Block.
Oil prices extend losses on Asian Covid-19 infections and US crude stocks build
Oil prices extended their losses on Thursday as the market priced in concerns over increasing Covid-19 infections in Asia and a surprise US crude stocks build.
Halliburton and Baker Hughes report 1Q21 results
Baker Hughes and Halliburton have said North American oil markets are showing signs of recovery as the two companies beat Wall Street expectations for 1Q21 earnings.
Final phase of Duva development project commences
Drilling has begun on four production wells on the Duva field in the Norwegian sector of the North Sea.
Petronas awards Vestigo South East Collins Cluster production sharing contract
The South East Collins Cluster, located in water depths of 42 to 45 m 70 km north east of Labuan Island offshore Malaysia, comprises two fields.
Rystad Energy: oil demand could peak in 2026
Rystad Energy is downgrading its peak oil demand forecast to 101.6 million bpd, a pinnacle that will come in 2026, which is earlier than previously thought.
Smart Data Solutions launches new geoscience data management system
The new PleXus system offers E&P industry users access to subsurface geoscience assets.
FourPhase delivers production optimisation project in Danish Continental Shelf
The two-month project saw FourPhase’s DualFlow desander system deliver an initial diagnostic intervention to identify and confirm the source of sand from wells on the platform.
Real-time location system improves protection for offshore drill floor personnel
Crew Hawk integrates multiple technologies into a zone management system that tracks the locations of people and moving equipment on the drill floor in real-time.