Oil & gas news
Oil gains on US hurricane but rise may be short-lived
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 reports profit in 3Q20
BP reported a US$86 million underlying replacement cost profit for the three months to 30 September.
Partnership created to develop North Sea carbon dioxide infrastructure
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 awarded DNO duty holder contract
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 continues relationship with Shell Malaysia
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 awards contracts to optimise onshore field operations
ADNOC has awarded contracts worth US$324 million to optimise onshore field operations in Abu Dhabi.
Cenovus Energy and Husky Energy agree merger
Cenovus Energy has agreed to buy Husky Energy in an all-stock deal valued at CAN$3.8 billion (US$2.9 billion).
Seismic consortium awarded contract by Petronas
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 begins production at Qattameya field
BP has started production from the Qattameya gas field in the North Damietta offshore concession.
EM&I receive DNV GL approval for ‘In Water’ and ‘Remote Inspection Techniques’
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)’.