Oil & gas news
Petrogas relinquishes interest in Malaysia onshore block
The relinquishment process of the SK331 block, located onshore Sarawak, East Malaysia, is expected to be fully completed before the end of the year.
US oil output will not recover pre-Covid-19 levels until 2022, says Rystad Energy
US monthly output is not likely to exceed 11.7 million bpd before 2022, according to Rystad Energy estimates.
IEA: Covid-19 causing biggest fall in global energy investment
Global investment is expected to plummet by 20%, or almost US$400 billion, compared with last year, according to the IEA’s World Energy Investment 2020 report.
Oil eases on supply recovery concerns
Although at a stable overall level, oil prices fell this morning on concerns over the coming production recovery and if it will again move supply to higher levels than demand justifies.
Lukoil installs accommodation platform jacket in Caspian Sea
Lukoil has completed installation of a jacket for an accommodation platform topside at the V.I. Grayfer field.
Hurricane Energy given extension for Greater Warwick Area work
Hurricane Energy has been given further time by the Oil and Gas Authority to carry out work in the Lincoln subarea of Licence P1368 in the UK North Sea.
Neptune Energy announces 1Q20 results
The company's EBITDAX was US$322.9 in 1Q20, compared to US$451 million in 4Q19.
Petrofac begins Rubie and Renee well decommissioning contract
Petrofac will provide well operator, well engineering and project management services to decommission four wells within the Rubie and Renee fields, 200 km north east of Aberdeen.
TGS begins Norwegian Sea seismic survey
The AM20 survey covers the latest APA19 awards in the Norwegian Sea.
BW Offshore reports 1Q20 loss
BW Offshore recorded a non-cash impairment to the book value of the FPSO fleet and other assets of US$233.1 million for 1Q20.