Upstream news
Well-SENSE wins ‘Most Impactful Technology’ title at Global OWI Awards
The company received the ‘Most Impactful Technology’ award, in recognition of FLI’s contribution to the offshore well intervention industry.
Chevron makes cuts to capital budget
Chevron has cut billions off its long-term capital and exploratory budget after a major restructuring of its operations.
Woodside pre-empts FAR's Sangomar transaction with ONGC
FAR has a 13.67% interest in the Sangomar exploitation area.
OGUK Economic Report: UK can build a homegrown transition towards clean energy
The report found that 85% of OGUK members throughout the supply chain expect to increase their diversification into non-oil and gas activities during the next 12-24 months.
Oil calms before the storm
Oil prices are largely stable on Wednesday as the market avoids leaning heavily on positive vaccine news, waiting for the next day’s crucial OPEC+ meeting instead.
Petrofac and Intoware partner on workflow automation software
The two companies will develop and deploy workflow automation software that is specifically tailored to the requirements of the oil and gas industry.
Wellpro Group makes entry into Saudi Arabia
The thru tubing, inflatable packer and well intervention service portfolio provider has signed a long-term agreement with Saudi Arabian energy services company i-Energy.
Oil largely unchanged as traders brace for OPEC+ negotiations
Oil prices moved only marginally on Tuesday as the market waits for a clear message from ongoing OPEC+ negotiations, after a turbulent meeting the previous day.
ExxonMobil to write off up to US$20 billion in 4Q20
ExxonMobil has said it will write down the value of natural gas properties by US$17 billion to US$20 billion.
EM&I wins orders in West Africa for remote inspection technology
The company will use its NoMan technology for remote inspection of pressure vessels during operational turn arounds on two FPSOs.