Upstream news

The company’s base case outlook projects some 200 billion boe of new gas resource developments needed to meet demand through to 2040.

The project will see the company responsible for fixed lifting equipment and lifting accessories across the operator’s 11 assets in the region.

The Azeri Central East platform is the first of its kind to be designed through all phases, from concept to FEED and detailed design, to fully utilise KBR's Digital Twin technology.

The Government of Liberia has announced an extension of the timeframe for the Liberia License Round, 2020.

The award is for a booster compression module FEED with optional engineering, procurement and construction (EPC) for the project.

Oil prices extended their gains on Wednesday as Covid-19 vaccine euphoria continues to drive markets, assisted by a report that US crude stockpiles have decreased further than expected for another week.

The unconventional gas was delivered from the Ruwais Diyab Unconventional Gas Concession.

The closing of the transaction marks Tullow’s exit from its licences in Uganda after 16 years of operations in the Lake Albert basin.

Preliminary estimates place the size of the discovery between 8 and 30 million m³ of recoverable oil equivalent.

Equinor has awarded Norsea Group AS, Saga Fjordbase AS and ASCO Norge AS contracts for services at supply bases in Norway.