Upstream news
TechnipFMC resumes separation into two publicly traded companies
The separation is expected to be completed in 1Q21, subject to customary conditions and regulatory approvals.
Oil rises on back of production cuts, falling crude inventories
Oil prices, and especially WTI, rose on Thursday as a result of the promised Saudi production cuts, falling crude inventories and political turmoil in the US.
PETRONAS Carigali takes over operatorship of gas hub offshore Sarawak
The E11 gas hub is located 130 km offshore Bintulu, Sarawak.
Safe Influx granted patent for automated well control technology
The patent secures key elements of Automated Well Control technology, including a wide range of modules using the same technology.
Qatargas awards McDermott North Field South engineering contract
The contract scope includes the replication of five offshore wellhead platforms.
Oil gains on Saudi Arabian voluntary output cut
Oil prices rose on Wednesday, capitalising on Saudi Arabia’s promised voluntary output cut from February.
Resolution 3D survey delayed
Shell has said that the marine 3D seismic survey, planned over the Resolution and Endeavour gas discoveries, is now anticipated to be acquired in February 2022 rather than 1Q21.
Drilling begins at Canje Block offshore Guyana
The Stena Carron drillship has arrived on location at the Bulletwood-1 wellsite on the Canje Block, offshore Guyana and has commenced drilling operations.
Liberty and Schlumberger complete North American pressure pumping deal
The two companies have completed the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada to Liberty.
Oil prices rise on OPEC+ meeting and Gulf tensions
Oil prices rose on Tuesday after Monday’s OPEC+ conservatism and helped by rising tensions in the Gulf.