Upstream news

The Living Quarter module and eight pipe rack modules have been successfully lifted on to the Energean Power FPSO hull at Sembcorp’s Admiralty Yard, Singapore.

The FPSO will be located in the Area 1 block, approximately six miles (10 km) off the coast of Mexico in the shallow waters of the Campeche Bay.

Equinor has said that the COVID-19 pandemic has interrupted the development of Norway's offshore oil and gas projects, pushing up costs and postponing startups.

Oil prices declined today as US President Donald Trump halted negotiations on a new stimulus bill that would support the Covid-19 hit economy, while US crude stocks also increased.

ForeSite® Sense shows, in real-time, the critical downhole data that determines profit: pressure, temperature and flow.

The merger creates the British North Sea's largest oil and gas producer.

LYTT has claimed that production benefits of hundreds of millions of dollars per asset can be realised through the use of in-well fibre optic technology when the vast amounts of data produced are managed and translated rapidly into actionable insights.

A letter of intent has been issued to Odfjell Drilling and the Deepsea Aberdeen rig for drilling of 15 wells for the Breidablikk group.

The transaction gives Lundin Energy a 10% working interest in the major Wisting oil discovery.

Weir Group has agreed to sell its oil and gas division to Caterpillar for US$405 million.