Oil & gas news

Rystad Energy expects total 2020 Canadian upstream spending to fall below CAN$21 billion.

The subsea transmission system, expected to begin commercial operation in 2025, will connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid.

Nigeria’s state oil company has delayed publishing its future oil export plans as it negotiates with local companies and international majors about how to cut output.

SBM Offshore has announced the sailaway of the last two modules for the turret mooring system, destined for Singapore for integration into the hull of Equinor’s Johan Castberg FPSO.

The remote deployment model for the SonicGauge wireless monitoring system is designed to overcome travel restrictions as a result of the Covid-19 pandemic.

Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has said that oil prices will likely continue falling until significant upstream shut-in volumes commence.

The cancellation has been been prompted by Norway banning all events of more than 500 people until 1 September 2020 due to the Covid-19 pandemic.

The decision document, received on 24 April from the UK Environment Agency, grants a variation to the permit for the West Newton A site and associated WNA-2 testing operations.

BP and Hilcorp have successfully renegotiated the financial terms of the deal to respond to the current environment.

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