Upstream news

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.

Gilmore, a provider of flow control solutions, has appointed David Nemetz as its new CEO.

Azerbaijan State Oil and Industry University’s SPE (Society of Petroleum Engineers) Chapter students are being offered training to help bridge the gap between the knowledge gained at university and in-house industry experience.

JDR will manufacture and supply a 2.7 km long subsea production umbilical for the Ledang Redevelopment Segment 2 project, offshore Malaysia.