Upstream news
Wood partners with Spirit Energy to extend Morecambe Bay gas field life
The five-year consolidated services contract will see Wood work to extend field life, lower costs, and reduce late life carbon intensity.
SIAD Macchine Impianti supplies booster compressor for FPSO
SIAD Macchine Impianti has designed and built a booster compressor for a FPSO operating in the offshore marine area of Foinaven, to the west of the Shetland Islands.
New CEO takes helm at Centrifuges Un-limited as it diversifies and rebrands
OSSO, formerly Centrifuges Un-limited, the specialist fluid temperature control and separation solutions provider, has appointed James Scullion as CEO.
Oil prices steady as Covid-19 concerns offset by positive Chinese economic data
Oil prices are steady after early losses, as traders put hopes on China’s economy, a positive note against renewed Covid-19 concerns.
Total ends membership of API
Total has said that API's climate positions were only "partially aligned" with its own.
Apex International Energy announces oil discovery in Western Desert of Egypt
The discovery was achieved at the SEMZ-11X well located 10 km west of Zarif field, the nearest producing field.
Heirs Holdings acquires 45% of Nigerian onshore oil licence from Shell, Total and Eni
The transaction is one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion.
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.