Upstream news

Oil prices rose on Friday, supported by Saudi Aramco’s selling prices and an overall market confidence that storage draws and tight OPEC+ supply inspire. But a correction may soon be due.

The Roxar Rapid Adaptive Measurement software platform increases confidence in multiphase flow measurement while cost-effectively automating the process.

Recoverable resources at the Røver North discovery are estimated at between 7 and 11 million m3 of oil equivalent, corresponding to 44 – 69 million boe.

The Maersk Integrator will return to Aker BP’s Ivar Aasen field for a two-well campaign expected to commence in 3Q21.

Technip Energies will become an independent public company and no longer part of TechnipFMC on 16 February 2021.

Hunting is providing convertible capital financing to support Well Data Labs' growth ambitions in the onshore technical well data analytics market.

Worldwide Facilities, a national wholesale insurance broker, has made Cudd Well Control its preferred well control provider to the global oil and gas industry.

Shell’s adjusted earnings for 2020 were US$4.8 billion, a fall of 71% from 2019.

Rosneft and BP have agreed to cooperate in identifying and developing new low carbon solutions and programmes.

Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has commented on today's OPEC+ meeting.