Oil & gas news
CAN-ductor technology lowers environmental impact of Kathryn well
The rig time was reduced from seven days on a conventionally drilled well to four days using Neodrill's CAN technology.
Wintershall's Brage oilfield enhanced with operational digitalisation expansion
Eigen and Wintershall Dea have extended their partnership to deploy the principal integration, visualisation and management platform for production engineers at the oil and gas company’s Brage oilfield.
Petronas reports decrease in profit
Profit after tax (PAT) for 1Q20 stood at RM4.5 billion (US$1.03 billion), 68% lower than the RM14.2 billion posted in 1Q19.
PGS releases new seismic data from offshore Ivory Coast
The 900 km2 survey provides increased resolution and sharper imaging of prolific Upper Cretaceous plays in Ivory Coast block CI-706.
Coro Energy completes acquisition of interest in Duyung PSC
The license holders of the Duyung PSC are now Conrad Petroleum (76.5% operated interest), Coro (15% non-operated interest) and Empyrean Energy (8.5% non-operated interest).
Shell starts drilling Saturn block offshore Brazil
Shell is the operator of the block with a 45% stake, along with Chevron, also at 45%, and Ecopetrol, with 10%.
Market correction sees oil prices fall
Oil prices fell today as traders corrected the high levels that consecutive boosts created in previous days.
Qatar Petroleum cuts spending by 30%
Saad al-Kaabi, the company's Chief Executive, said he expected oil demand to recover to pre-crisis levels only within a year or two.
Petrobras reaches production milestone at Parque das Baleias
The Parque das Baleias Area offshore Brazil has reached the mark of 1 billion bbl of oil produced.
CNOOC begins production at Bohai oilfields
The Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project is expected to reach its peak production of approximately 15 681 bpd in 2022.