Upstream news
Karoon and Petrobras renegotiate terms of Baúna field sale
The renegotiated terms are due to the COVID-19 pandemic and the difficulty to address the previous conditions initially defined, according to Petrobras.
Petrobras begins tender for new FPSOs for Buzios field
The three new FPSO units are part of an asset development plan for the Búzios field which envisages a total of 12 units installed by the end of the decade.
Oil takes a hit on Covid-19 expansion and US-China tensions
Oil prices fell on Monday, taking a hit by concerns over Covid-19’s continuous expansion and due to the latest US-China tensions saga.
Lukoil acquires Cairn Energy's stake in Sangomar project
Lukoil has purchased Cairn Energy's 40% interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) Contract Area project.
Schlumberger posts 2Q20 results
Schlumberger has reported its second straight quarterly loss after recording US$3.7 billion in impairment and restructuring charges.
Rystad Energy: Permian leading US fraccing recovery
A Rystad Energy analysis shows that new operations are now set to rise to above 400 wells in July, and recovery will be especially evident in the Permian Basin, where activity has nearly tripled.
Oil declines on US-China relations and Covid-19
Oil prices fell on Friday as the market is influenced by US-China relations and the continuous expansion of the pandemic.
ION to undertake 3D multi-client programme in Mauritania
ION will integrate and reimage approximately 24 000 km2 of MPME-held 3D data and can expand the scope to include 15 000 km of 2D data pending industry support.
Equinor releases 2Q20 results
Equinor has reported adjusted earnings of US$0.35 billion in 2Q20.
Weatherford to provide surface pumping units to major independent operator in Argentina
The pumping units will be deployed in critical and challenging mature fields in Golfo San Jorge Basin.