Oil & gas news

Oil prices have fallen as US stocks rise and as traders price in concerns about how quickly demand will return, fearing a second Covid-19 wave.

ConocoPhillips Australia now holds an 80% interest in T/49P in the offshore Otway Basin.

The company has been certified for ISO50001 by ERM CVS.

Europa plans to include FEL 3/19 in a relaunch of the farm-out of its strategic position in the Slyne Basin.

Equinor is the operator of the Krafla licence and Aker BP is the operator of the North of Alvheim and Fulla licences.

The scope of work includes providing subsea controls equipment consisting of jumpers, flying leads and an electrical/hydraulic distribution manifold.

The work scope includes the provision of umbilicals and distribution equipment to connect the King’s Quay floating production system to the Samurai, Khaleesi and Mormont deepwater developments.

Mele Kyari, the head of the Nigerian National Petroleum Corp., has said Africa's top oil exporter is fully committed to the cuts.

The URTeC Management Committee has decided to cancel the face-to-face component of the upcoming Unconventional Resources Technology Conference (URTeC) in Austin, Texas, US.

Oil prices fell this morning on indications that US stocks unexpectedly rose.