Oil & gas news
Oil prices largely stable as declining gasoline stocks balance Covid-19 negativity
Oil prices are largely stable today as a decline in gasoline stocks balances fear over increased Covid-19 cases in key-market countries.
Petrofac and Isker secures EPCC contract in Kazakhstan with NCOC
The contract is for new water treating facilities for North Caspian Operating Company (NCOC) in Atyrau, Kazakhstan.
Petrobras preparing open tender for Brazil's biggest ever platform
Petrobras plans to launch the leasing tender for the FPSO by the end of August.
Pemex and Talos Energy instructed to reach Zama agreement
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 to provide diverless connectors for offshore Western Australia project
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.
Aibel awarded Oseberg portfolio agreement for 2020 – 2026
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.
FWM launches new turnkey well operatorship division
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.
Lloyd’s Register: Operators could save £15 million per asset by leveraging technology to identify unnecessary maintenance
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.
Oil ticks down on crude stocks and Covid-19 fears
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.
Rystad Energy: Covid-19 may forever spoil Angola’s plans to rebuild its declining oil production
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.