Upstream news
Union Jack Oil increases interest in Biscathorpe project
Following completion of the acquisition Union Jack will hold a 45% interest in the project.
EIA expects US fossil fuel production to increase through 2022
The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.
Dana Petroleum cancels one-well contract with Maersk Drilling
The contract was first announced in Maersk Drilling’s May 2020 Fleet Status Report.
Halliburton deploys industry’s first electric grid-powered fracturing operation
The job is being performed on several pads for Cimarex Energy Co. in the Permian Basin.
McKinsey research indicates aggregate fossil fuel demand set to peak in 2027
Aggregate fossil fuel demand is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of COVID-19, according to new research by McKinsey & Co.
Equinor, YPF and Shell partner up in Argentina offshore block
Equinor and YPF will hold 35% equity in the CAN 100 block, located in the North Argentinian Basin, while Shell will hold the remaining 30%.
Oil gains trimmed as market gets rationalised
Oil prices fell on Thursday, trimming excess gains as the impact of increasing Covid-19 infections to oil demand sinks in.
EM&I demonstrates NoMan inspection technology
EM&I demonstrated its NoMan® robotic camera and synchronous laser systems for tank and confined space inspections through a series of ‘live’ webinars.
BW Energy increases interest in Kudu licence
The Kudu gas field offshore Namibia contains an estimated 1.3 trillion ft3 of gas.
Total and Apache make fourth discovery offshore Suriname
The oil and gas discovery was made at the Keskesi East-1 well, in Block 58 off the coast of Suriname.