Upstream news

Oil prices rose on Monday as a cyberattack on key pipeline infrastructure in the US made up for bearish news over the pandemic’s further spread in Asia.

Scheduled for completion in late 2024, the P-78 FPSO will be customised for deployment in Brazil’s prolific Buzios field.

Commencing in July 2021, the contract will run for five years with 2x1-year extension options.

The tender involves ERIELL Group carrying out workovers and side-tracking works at the bottom of the Aral Sea.

Chevron is right in holding back in capital spending to boost production as its current priority remains in creating a strong balance sheet and generating free cash flow, says GlobalData.

CGG has been awarded a contract by Equinor for the seismic imaging of its Bacalhau 3D ocean bottom node survey.

Drilling operations on the Ilder exploration well 15/12-26, operated by Chrysaor Norge AS, are now being concluded.

The Liuhua 29-2 gas field is expected to reach a peak production of approximately 41 million ft3/d of natural gas in 2021.

The Railroad Commission of Texas issued a total of 732 original drilling permits in April 2021 compared to 456 in April 2020.

The agreement between APA and Egypt's Ministry of Petroleum and Natural Resources will consolidate the majority of the concessions in the Western Desert of Egypt operated by APA Corp. subsidiary Apache Egypt into a single new concession.