Oil & gas news
Rystad Energy: 3 million bpd of extra oil could enter market from April
The oil price is soon expected to slide even lower once the extra supply becomes available from April.
Varel International Energy Services receives multimillion dollar investment
Varel will use the investment from Blue Water Energy to drive growth in the medium-term.
Construction of UK subsea engineering facility begins
Express Engineering's subsea engineering assembly and test centre is due to come onstream in late 2020.
Tendeka awarded zonal isolation contract in Malaysia
The contract will last until 2023.
Neptune Energy makes discovery in Germany
The discovery was made at the Schwegenheim exploration well in the Rhine Valley.
Unity to provide Spirit Energy with well integrity services
Unity will maintain wellhead equipment across twelve platforms in the East Irish Sea, Southern North Sea and the Dutch sector of the North Sea.
Rystad Energy anticipates 2.8% decrease in global oil demand
Rystad expect the month of April to take the biggest hit, with demand for oil falling by as much as 11 million bpd y/y.
Development of Wressle oilfield is economically robust, say Egdon Resources
The results of work undertaken by Egdon Resources show the project has an estimated break-even oil price of US$17.62/bbl.
Weatherford works with IOC to save rig days and money in Gulf of Mexico operation
By sidetracking from a collapsed expandable liner, the re-entry operation eliminated the time and cost associated with re-drilling and re-casing a 3000-ft hole.
BW Offshore leases BW Pioneer FPSO for Gulf of Mexico work
BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer FPSO on the Cascade and Chinook fields on behalf of MP Gulf of Mexico.