Upstream news
Equatorial Guinea set to intensify E&P activity in 2021
Trident Energy is set to drill three wells in Block G offshore Equatorial Guinea in 2021, with an estimated start date in April.
Rystad Energy: 2021 could offer a window of opportunity for producers
Rystad Energy’s latest balances indicate that 2021 could offer producers a window of opportunity, as monthly supply deficits may reach their highest level in years.
AqualisBraemar completes acquisition of LOC Group
The purchase price consideration was a US$20.2 million cash consideration plus 2 million conditional warrants in AqualisBraemar.
Oceaneering awarded contract to 20 000 psi-rated subsea hydraulic connection hardware
The hardware is destined for the first-ever 20 000 psi-rated field to be developed in the Gulf of Mexico.
Eni makes oil discovery in Egypt
The new discovery at the Meleiha Concession adds 10 000 bpd to Eni's gross production in the Western Desert of Egypt.
CPC receives first cargo of Chadian crude
The first cargo of crude oil from the Oryx Concession in Chad arrived in Taiwan at the Dalin Refinery earlier this month.
Woodside completes acquisition of Cairn stake in Sangomar project
Woodside Energy has purchased Cairn's interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture.
Oil back to gains on Covid-19 vaccine confidence
Oil prices reversed early losses on Wednesday as some confidence that the existing vaccines can counter the new Covid-19 strain offset concerns over President Trump’s stimulus package pushback.
SSE agrees sale of North Sea gas assets to Viaro Energy
The portfolio comprises non-operational equity shares in more than 15 producing fields in three regions in the North Sea.
SBM Offshore announces lease extension for FPSO Espirito Santo
SBM Offshore and Shell have agreed an extension of the end of the contractual lease and operate period from December 2023 to December 2028.