Oil & gas news
Apache Corp. reduces 2020 capital investment plan
Activity reductions are planned in the Permian Basin, Egypt and the North Sea.
Oil and gas sector logistics expert warns industry's businesses scope for EU free trade deal may have reduced sharply
According to Adam Johnson, there are several key areas of potentially terminal disagreement between the EU and Britain.
Japan’s E&P players face structural change, says Wood Mackenzie
Japanese E&Ps find themselves at a crossroads, as domestic drivers to develop international resources are weakening and the energy transition has forced a review of upstream strategies.
Husky Energy cuts 2020 spending by US$1 billion
The decrease represents a 33% reduction in the company's upstream spending.
OWI EU 2020: Positioning the North Sea as the global centre of excellence for offshore well intervention
A surge in offshore well intervention activity over recent years is helping the North Sea develop into a global centre of excellence for innovative oilfield services.
GlobalData: deepwater acreage will continue to attract significant interest through 2020
A significant portion of the acreage available in 1Q20 is located in either deep or ultra-deep water, up from the previous quarter, according to GlobalData.
McDermott reorganisation plan approved
The US Bankruptcy Court for the Southern District of Texas has confirmed the company's Plan of Reorganization.
Azerbaijan International Operating Co. awards Worley EPC contract
Worley will provide engineering, procurement and construction services to support production operations on the Chirag platform in the Caspian Sea.
EIA: US crude oil exports reached nearly 3 million bpd in 2019
The growth in US crude oil exports in 2019 has been attributed to increasing US crude oil production, expanding domestic infrastructure, and increasing global demand for light, low-sulfur crude oils.
United Oil & Gas appoints non-executive director
Stewart MacDonald has been appointed as non-executive Director of the company.