Upstream news

Petrobras has completed the sale of its 30% participation in the Frade field, located in the Campos Basin, to PetroRio Jaguar Petróleo Ltda.

Following the completion of drilling of its Perseverance #1 well in The Bahamas the company has announced that commercial volumes of oil have not been proven.

The drillship Maersk Viking has been contracted to drill one exploration well in Block 6-1 offshore the Republic of Korea later this year.

As Dana’s data analytics partner, OPEX will be applying its X-PAS analytics platform across the firm’s Triton and Western Isles FPSO assets.

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.