Upstream news
Novosound launches new NDT products
Scottish start-up Novosound is aiming to disrupt the way the NDT market operates across the oil and gas, renewables, and energy sectors.
Four Equinor fields in the North Sea shut down by strike
Equinor has conducted a controlled closure of the Gudrun, Gina Krog, Kvitebjørn and Valemon fields.
NOV launches electric fracturing fleet
The Ideal electric frac fleet aims to reduce greenhouse gases and make a substantial impact on total cost of ownership for operators.
VAALCO Energy announces seismic survey for Etame Marin block
The company will begin acquiring and processing new 3D seismic data in 4Q20.
SBM Offshore and TechnipFMC secure Payara development contracts
SBM Offshore will construct, install and then lease and operate the Prosperity FPSO for a period of up to two years, while TechnipFMC will manufacture and deliver the subsea production system.
Dana Petroleum awards Maersk Drilling well development contract
Maersk Drilling will drill two development wells for Dana Petroleum in the Dutch sector of the North Sea in 2Q21.
ExxonMobil going ahead with Payara development
Payara is the third project in the Stabroek Block and is expected to produce up to 220 000 bpd after startup in 2024, using the Prosperity FPSO vessel.
Baker Hughes launches vessel-deployed subsea wellhead cutting system
The Terminator system has been used to successfully cut a subsea wellhead from an abandoned exploration well owned by Wintershall DEA in Norway.
Duva umbilical operation completed
The Duva field is being developed as a subsea installation with three oil producers and one gas producer, tied-back to the Gjøa semi-submersible platform.
Oil falls on supply-demand balance concerns
Oil prices declined on Wednesday as oil demand seems fragile amid a rise in Covid-19 infections, while supply increases.