Upstream news
Equinor releases 1Q21 results
The company achieved adjusted earnings of US$5.47 billion and US$2.66 billion after tax in 1Q21.
Shell announces 1Q21 profits
Shell has announced a profit of of US$3.23 billion in the first three months of 2021.
Total reports profit in 1Q21
Total reported an adjusted net income of US$3 billion for January-March, up 69% year-on-year, and 9% above 1Q19 levels.
Fugro awarded deepwater site investigation contract for Equinor in eastern Canada
Fugro’s field campaign will run from July until August and entails a seabed survey, an environmental survey and a soils investigation.
Oil rises but red flags abound
Oil prices are on the rise today but the pandemic is hitting India hard and US crude stocks are forecast to build again.
Vaalco Energy signs letter of intent for FSO at Etame field
The company has signed the deal with Omni Offshore Terminals, which could last for up to 11 years.
Halliburton launches borehole imaging technology
The StrataXaminer tool delivers high-resolution images of the reservoir structure to identify bedding, fracture patterns, fault zones and potential flow barriers with increased accuracy.
Gardner Denver recognised in 2021 Oilfield Products Customer Satisfaction Survey
Overall, Gardner Denver was placed in the top five performing companies in the survey, conducted by EnergyPoint Research.
ADM Energy completes purchase of controlling stake in Barracuda field
The company is targeting first oil of 4000 bpd from the field, offshore Nigeria, in 2H21.
Seawater tests prove value of new filtration products in combating biofouling
Working with a global energy producer, UK manufacturer Amazon Filters held a series of successful tests of its recently launched SupaSpun KilBac and SupaGard Kilbac filters.