Oil & gas news

Oil prices are largely stable today as a decline in gasoline stocks balances fear over increased Covid-19 cases in key-market countries.

The contract is for new water treating facilities for North Caspian Operating Company (NCOC) in Atyrau, Kazakhstan.

Petrobras plans to launch the leasing tender for the FPSO by the end of August.

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 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.

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.

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. 

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 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.

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.