Upstream news
AFR: ExxonMobil abandons sale of Bass Strait assets
ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait.
Petrobras makes cuts to five-year investment plan
Petrobras has cut its five-year investment plan by 27% from a year ago to US$55 billion.
ADNOC awards $519 million contract for expansion of world’s largest 3D seismic survey
The contract was awarded to BGP Inc., a subsidiary of China National Petroleum Company (CNPC).
Reconfiguration works at Wressle oilfield completed
To date, the storage tanks and inspection gantry have been installed at the Wressle oilfield in North Lincolnshire, UK, while work is advanced in respect of the electrical and control system installation.
Oil falls as bulls bow to demand reality
Oil prices finally put a halt on their continuous rise, as traders focused again on the worsening short-term oil demand.
First oil achieved at Sarta field
Genel Energy has announced first oil production from the Sarta field in Iraqi Kurdistan.
CGG and Magseis Fairfield complete North Sea's largest ever OBN survey
First images from the OBN Cornerstone 2020 multi-client survey are being made available in early 2021.
Keppel secures FPSO fabrication contract
The company has secured a contract from a repeat customer for the fabrication and integration work on a FPSO.
Shearwater awarded OBN 4D baseline survey by Petrobras
The survey will take place over the Jubarte field in the Campos Basin.
Narrabri gas project receives federal approval
Santos will now embark on a 12-18 month appraisal programme ahead of a final investment decision.