Oil & gas news
SDX Energy announces successful flow rate test at Sobhi discovery well
The company expects that the Sobhi well, onshore Nile Delta in Egypt, will be tied in during 2021.
Rystad analysis indicates US fraccing activity set for biggest monthly decline
Rystad estimates that the total number of started frac operations will end up below 300 wells in April 2020.
Developments in US boost oil prices
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has commented on today's developments.
Petrofac extends scope of contract with Repsol Sinopec
Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK.
Investment in Victoria gas field being considered
An initial AUS$200 million investment to help commercialise the closest gas field to Victoria's eastern coastline is being considered by Australian Gas Infrastructure Group (AGIG).
Saipem announces 1Q20 results
The company recorded a loss of €269 million in 1Q20 and withdrawn guidance for 2020.
Production begins at Ærfugl field
Aker BP and PGNiG have started production from the second development stage (phase two) on the Ærfugl field in the Norwegian Sea.
Tullow Oil sells Uganda assets to Total
Tullow has agreed to transfer its entire interests in Blocks 1, 1A, 2 and 3A in Uganda and the proposed East African crude oil pipeline (EACOP) system to Total Uganda for cash consideration of US$575 million.
Baker Hughes posts 1Q20 results
The oilfield services company recorded a US$10 billion loss in 1Q20.
Fugro awarded remote operations contract on Well-Safe Guardian
Fugro will deliver integrated marine-based services onboard the Well-Safe Guardian, Well-Safe Solutions’ semi-submersible unit for executing subsea well decommissioning work.