Upstream news

The company is conducting an airborne Enhanced Full Tensor Gravity Gradiometry multi-client survey - together with magnetic and Lidar data - over the Upper Egypt region of the country.

The drilling repair company MRDS has been acquired by Aberdeen-based investment firm Garrick Group.

Anders Opedal will assume the position of president and CEO of Equinor from 2 November 2020.

The Tilapia licence is located in the Republic of the Congo.

The company has also announced it is mothballing the Merluza platform.

Libya's current oil output is approximately 100 000 bpd, in comparison to 1.2 million bpd before the onset of civil war.

Lloyd's Register conducted a detailed technical study on behalf of the Oil and Gas Authority (OGA) into potential options for decarbonising the offshore energy system.

Oil prices fell on Friday as traders corrected the extravagant gains of this week, pricing in concerns over Covid-19’s effect on the demand recovery.

Cerebo Force in-bit sensors are designed to capture weight, torque and bending measurements directly from the bit.

The equipment will be placed onto the Anna Nery FPSO vessel on behalf of Yinson.