Oil & gas news

The Upside Case estimates are Liquids 283 million bbl and Gas 265.9 billion ft3.

The equipment and service provided by Baker Hughes will support Apache North Sea’s exploration and development activities in the North Sea for the next three years.

Colin Foreman, Deputy Editor at GlobalData, says that if the proceeds of the Aramco IPO are invested as planned, and become a catalyst for broader development in Saudi Arabia, then the long-term value of the listing will greatly outweigh any potential disappointment in the company’s valuation.

Petrobras and CNODC offered the the minimum allowed profit oil of 29.96% for rights to explore and produce oil at the Aram block in Brazil's Santos Basin.

Government representatives from Senegal, Angola, Uganda, Ghana, Equatorial Guinea, Mozambique and Somalia promoted their oil and gas sectors to a global audience of investors, suppliers and other key stakeholders.

SBM Offshore will perform FEED work for a FPSO for the Payara development project located in the Stabroek block in Guyana.

Innovo’s Innodrive 700T electrical Reel Drive System and a Sparrows tensioner were integrated with under-deck carousel.

The transaction covers all of Equinor’s interests in the Eagle Ford Joint Venture (JV) with Repsol, covering 69 000 net acres. Following this transaction Repsol will have a 100% interest in the asset.

LOC Egypt has been awarded a two-year marine assurance and inspection contract by BP Egypt.

Petrobras and Chinese state firms CNOOC and CNODC made the only bids out of over a dozen major oil firms who had registered. Two of four blocks on offer got no bids.