Oil & gas news
ExxonMobil to write off up to US$20 billion in 4Q20
ExxonMobil has said it will write down the value of natural gas properties by US$17 billion to US$20 billion.
EM&I wins orders in West Africa for remote inspection technology
The company will use its NoMan technology for remote inspection of pressure vessels during operational turn arounds on two FPSOs.
Separo clinches water treatment contract with Neptune Energy
Separo will continue to provide water treatment services at the Cygnus Alpha gas production platform.
PGS resuming Campos Basin seismic survey in December
The survey will provide the first 3D seismic data over blocks offered in Brazil's 17th Bidding Round, now scheduled for October 2021.
Rystad Energy: if OPEC+ increases output in January, 200 million bbl glut will build through May
If output increases as planned from January, the world will have to face a new 200 million bbl surplus through May, Rystad Energy calculates.
Oil falls on OPEC+ decision uncertainty
Oil prices declined on Monday as OPEC+ does not appear to have a clear consensus yet on extending its current production levels, contrary to what the market has already priced in.
OTS AS expands UK rental fleet
The expansion will allow OTS UK to provide wastewater treatment, drill cuttings handling, high-pressure well service pumps, cleaning services, swarf handling, pump transfer systems and more.
AFR: ExxonMobil abandons sale of Bass Strait assets
ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait.
Petrobras makes cuts to five-year investment plan
Petrobras has cut its five-year investment plan by 27% from a year ago to US$55 billion.
ADNOC awards $519 million contract for expansion of world’s largest 3D seismic survey
The contract was awarded to BGP Inc., a subsidiary of China National Petroleum Company (CNPC).