Upstream news

The compressed air system will consist of four large capacity service and instrument air compressors with associated air dryers and filters.

Oil prices continued their decline on Monday, as the market is growing less and less confident that oil demand will recover as quickly as it hoped.

The company has resigned from its role of operator for five exploration blocks in the basin.

The company is to acquire Capricorn Senegal's entire participating interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture.

Oil prices rose today, correcting the lows that the week brought, but an overall bearish sentiment remains in the market, on concerns about weaker demand and supply increases.

CEO Pat Lawless will be visiting Guyana as soon as current travel restrictions allow to work with existing clients and to introduce EM&I’s diverless, robotic, and digital asset integrity technologies.

The companies' 'Find Fix Confirm' service will aim to mitigate the costly consequences of sand control failure in wells.

The Bonga Main FPSO, which became operational in 2004, has a capacity of 225 000 bpd and weighs over 300 000 t, making it the largest asset in the world to be protected by a structural Digital Twin.

The 113 licences have been offered over 259 blocks or part-blocks to 65 companies.

Oil prices declined today as the market finally prices in the underlying uncertainty over the oil demand’s recovery, Iraq’s cuts compliance and the additional effect of Covid-19 on the economy as a whole.