Upstream news

The agreement includes the provision of 75 km of seamless pipes for risers and flowlines that will be manufactured at Dalmine, Tenaris’s seamless pipe mill in Italy.

The Bask well was drilled 35 km northwest of the Alta discovery and due south of the Johan Castberg field by the West Bollsta semi-submersible drilling rig.

The three day exhibition and conference is now scheduled to run from 22 - 24 February 2022.

Most of the company's 2021 budget will be allocated towards operations in Guyana.

The contract is set to commence in 3Q21 with a duration of one firm well plus eight optional wells.

Baker Hughes will support Petrobras’ offshore platforms and FPSOs with software and hardware solutions.

Subsea 7 will construct and install a platform system for Cabinda Gulf Oil in Block-0 offshore Angola.

Oil prices declined on Friday as a cocktail of bearish news hit the market. A rise in China’s Covid-19 infections, reported storage builds in the US and news that Iran has boosted exports are pushing prices lower.

Affiliates of the two companies have entered into an agreement to jointly develop a futures contract for the physical delivery of crude oil in the Houston area.

American Petroleum Institute President and CEO Mike Sommers has issued a statement on the Biden administration's decision to temporarily suspend oil and gas permitting on US federal lands and waters.