Upstream news
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.
Pioneer Natural Resources completes acquisition of Parsley Energy
The acquisition has been approved by Pioneer and Parsley stockholders.
Oil gains on market tightness but gains are at risk as Covid-19 infections rise
Oil prices rose on Wednesday, boosted by expectations that Saudi Arabia’s extra cuts will create a tight market, but there is a downside Covid-19 risk as infections rise.
Filter manufacturer launches coalescer for critical oil and gas processing
SupaSep LGP is the latest evolution of Amazon Filters’ liquid-gas coalescers, used extensively in cost-effective upstream, midstream and downstream operations.