Upstream news

Saipem has received authorisation to proceed with the final phase of the Payara development project in Guyana from Esso Exploration and Production Guyana Ltd.

Oil prices recover as the uncertainty over the US election result subsides, but the market has challenges to face in weeks ahead.

The FPSO will be located in the Area 1 block, approximately 6 miles (10 km) off the coast of Mexico.

Petrofac has completed the sale of its remaining 51% interest in its upstream IES operations in Mexico to Perenco Energies International Limited.

Independent Oil and Gas has awarded the rig contract for its Core Project Phase 1 to a subsidiary of Noble Corp.

Lufkin Industries, a portfolio company of KPS Capital Partners, LP (KPS), has completed the acquisition of the North American Land Rod lift business of Schlumberger N.V.

Premier Oil has received the requisite level of support from each class of its creditors for its proposed merger with Chrysaor Holdings Limited.

Dolphin Drilling has secured a new combined contract with Norwegian oil and gas operator DNO Norge AS.

Janette Marx, Airswift, recently sat down with several energy industry leaders to discuss what the energy workforce will look like post-pandemic.

Equinor is preparing for an expected gradual decline in global demand for oil and gas from around 2030 onwards.