Upstream news
Saipem to begin final phase of Payara development
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 recovers as US uncertainty fades, but challenges lay ahead
Oil prices recover as the uncertainty over the US election result subsides, but the market has challenges to face in weeks ahead.
McDermott announces second shipment of MODEC FPSO modules
The FPSO will be located in the Area 1 block, approximately 6 miles (10 km) off the coast of Mexico.
Petrofac completes sale of Mexican interests
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 awards Noble Corp. rig contract
Independent Oil and Gas has awarded the rig contract for its Core Project Phase 1 to a subsidiary of Noble Corp.
Lufkin Industries acquires Schlumberger's North America rod lift business
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 creditors support merger with Chrysaor
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 expands presence in Norwegian Continental Shelf
Dolphin Drilling has secured a new combined contract with Norwegian oil and gas operator DNO Norge AS.
The post-pandemic energy workforce
Janette Marx, Airswift, recently sat down with several energy industry leaders to discuss what the energy workforce will look like post-pandemic.
Equinor targeting net-zero emissions by 2050
Equinor is preparing for an expected gradual decline in global demand for oil and gas from around 2030 onwards.