Upstream news

The two companies will develop and deploy workflow automation software that is specifically tailored to the requirements of the oil and gas industry.

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 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 has said it will write down the value of natural gas properties by US$17 billion to US$20 billion.

The company will use its NoMan technology for remote inspection of pressure vessels during operational turn arounds on two FPSOs.

Separo will continue to provide water treatment services at the Cygnus Alpha gas production platform.

The survey will provide the first 3D seismic data over blocks offered in Brazil's 17th Bidding Round, now scheduled for October 2021.

If output increases as planned from January, the world will have to face a new 200 million bbl surplus through May, Rystad Energy calculates.

Oil prices declined on Monday as OPEC+ does not appear to have a clear consensus yet on extending its current production levels, contrary to what the market has already priced in.

The expansion will allow OTS UK to provide wastewater treatment, drill cuttings handling, high-pressure well service pumps, cleaning services, swarf handling, pump transfer systems and more.