Upstream news
Weatherford appoints new CEO
Effective 12 October 2020, Girish K. Saligram will be the company’s President and CEO.
Vietnam approves TGT Full Field Development Plan
The approval enables the commencement of the drilling of six firm development wells by Pharos Energy in 4Q21.
Oil prices head for consecutive weekly losses
Oil prices remain largely flat but head for back-to-back weekly losses, for the first time since the height of Covid-19’s first wave.
Aker Solutions secures contract extension with ConocoPhillips in Norway
The company will continue as ConocoPhillips' main supplier of maintenance and modifications work offshore Norway.
Oxford Flow opens new manufacturing facility
The flow control equipment specialist has opened a new manufacturing facility in Oxford, UK.
Optimise field development and reduce CAPEX with help from a new digital platform
Tracerco, part of Johnson Matthey Plc, is expanding its reservoir surveillance capabilities by announcing the launch of its new digital offering.
Oil prices dip on US crude stocks build-up, maintaining bearish sentiment
Oil prices are losing ground again on indications that US crude oil inventories rose last week, maintaining the bearish price correction that September has introduced.
Husky Energy to review West White Rose offshore project
The review follows the suspension of major construction activities in March due to the COVID-19 pandemic and the company’s capital re-prioritisation following the global economic downturn.
Kosmos Energy sells exploration assets to Shell
Under the terms of the agreement, Shell will acquire Kosmos’ participating interest in blocks offshore São Tomé & Príncipe, Suriname, Namibia, and South Africa.
Hess makes discovery offshore Guyana
Redtail-1 encountered approximately 232 ft (70 m) of high quality oil bearing sandstone and was drilled in 6164 ft (1878 m) of water.