Upstream news
Oil inches up as traders adjust yesterday's decline levels
Oil prices rose a little on Tuesday as the market adjusted the scale of Monday’s decline, but downside risks remain.
CNOOC begins production at Liuhua oilfield
The project is expected to reach its peak production of approximately 72 800 bpd in 2022.
Warrego Energy spuds second well on West Erregulla concession
The West Erregulla 3 well is located in the Perth Basin, onshore West Australia.
Oil starts the week on the back foot
Oil prices are falling today in response to a combination of supply-demand bearish news.
Magseis Fairfield to carry out OBN survey in US Gulf of Mexico
The survey is anticipated to start in December 2020 with a project duration of approximately 80 days.
Shearwater GeoServices awarded 3D seismic survey by Petronas
The 3D seismic survey covers surface area of 6200 km2 in Suriname’s Block 52 and will be carried out by the Geo Caribbean vessel.
Sapura Energy wins contracts in Africa and South America
Sapura Energy has been awarded contracts with Eni, Petrobras and Foxtrot International.
Wellesley drills dry well in North Sea
The well was drilled about 75 km north of the Gjøa field in the North Sea and 60 km northwest of Florø.
Maersk Drilling aims to halve carbon emissions from drilling operations by 2030
Maersk Drilling estimates that about half the target can be achieved via further efficiency gains and known technical solutions and concepts, while the other half will be facilitated by investments in innovation in this space.
Oil falls as market corrects boosted price levels
Oil prices declined today as the market is correcting the exaggerated price levels reached in yesterday’s session. Meanwhile, Covid-19 demand concerns and US supply return.