Upstream news

The API has a published a suite of standards developed to support proper construction, safe operation and maintenance of offshore pedestal-mounted cranes for natural gas and oil platforms, as well as training for offshore crane operators.

The survey, for an unnamed NOC, will commence in 4Q20.

TMK, a producer of tubular products for the oil and gas industry, has announced its operational results for 3Q20 and the first nine months of 2020.

Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately US$4.5 billion.

Maersk Drilling has been awarded a three-well contract from Total E&P Angola.

Peterson has agreed a project logistics services contract with OneSubsea to support their work on the Matapal project in Trinidad and Tobago.

The new service aims to help operators enhance asset performance, eliminate downtime, and reduce maintenance costs.

Oil prices fell today as a projected rise in US crude oil inventories raised concerns in the market that the supply-demand balance is deteriorating.

Shell’s Deepwater business has selected Bentley’s digital twin approach to streamline its capital projects process and accelerate time to first oil.

The two companies have agreed to work together on various projects to promote the use of marine CSEM technology.