Upstream news
Equinor, Vår Energi and Aker BP make oil discovery in North Sea
Recoverable resources from the discovery in production licence 554 are estimated at between 1.3 and 3.6 million m3 of oil equivalent, corresponding to 8-23 million boe.
Saipem, DSME JV to construct FPSO for Petrobras
The FPSO will be deployed in the Búzios field offshore Brazil.
IEA: OPEC+ needs to increase supply to keep global oil markets adequately supplied
Global oil demand is set to return to pre-pandemic levels by the end of 2022, according to the International Energy Agency's latest monthly oil report.
EnQuest refinancing deal concluded
The new facility will enable the Group to simplify its existing capital structure and finance the acquisition of a 26.69% interest in the Golden Eagle Development Area Project in the North Sea.
Occidental sells Permian Basin acreage to Colgate Energy Partners affiliate
The US$508 million transaction includes approximately 25 000 net acres in the Southern Delaware Basin in Texas.
Seabed Geosolutions awarded OBN project in Americas
The award is from an undisclosed company, with the project anticipated to start in 4Q21.
Oil Dynamics GmbH upgrade production wells near Hannover
Oil Dynamics GmbH recently installed and started up two new ESP systems near Hannover in Germany.
Wood Mackenzie: events of 26 May 'defining moment' for oil and gas industry
Wood Mackenzie’s Ed Crooks has commented on the issues facing Big Oil as investor pressure and court challenges over climate change grow.
Neptune Energy deploys VR technology developed for astronauts on Gjøa platform
The technology, developed by PaleBlue and used to train astronauts travelling to the International Space Station, will reduce the need for offshore travel, lower costs and associated emissions and support safe operations.
EM&I awarded European patent for diverless HullGuard system
EM&I developed HullGuard specifically for FPSOs, MODUs, FSRUs and FLNG assets.