Upstream news
Fugro completes first phase of offshore site investigation for Qatargas’ North Field
The fieldwork started in March and, while phase one marks completion of the geophysical scope, the geotechnical scope in phase two will run as planned until August this year.
Decom North Sea appoints new board members
Callum Falconer and Steve Simpson have both been nominated onto the DNS board, following a period of time spent as nominated members of the organisation’s Decommissioning Leadership Group.
BW Offshore receives contract extension for FPSO Polvo
BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of the FPSO Polvo.
Claxton and Aker BP sign master service agreement
The agreement covers Aker BP’s Norwegian operations and includes Claxton’s range of drilling support services and asset life extension and decommissioning equipment and services.
Heerema achieves largest single lift jacket removal
The semi-submersible crane vessel Sleipnir has successfully removed the 8100 mT Jotun-B jacket for Vår Energi.
Santos expects impairment of up to US$800 million
The impairment is expected to be recognised in the company's 2020 half-year results to be released on 20 August 2020.
Rystad Energy comments on oil prices and Chevron acquistion of Noble Energy
Oil prices are having some modest gains today, supported by the EU recovery deal.
Halliburton reports net loss in 2Q20
Halliburton has announced a net loss of US$1.7 billion for 2Q20, compared to a net loss for 1Q20 of US$1 billion.
ERIELL expects business boost in 2H20
Recent oil price improvements have provided a solid platform for the company to perform well in 3Q20 and further into the year, according to Vitaly Dokunikhin, CEO of ERIELL Russia.
Chevron to acquire Noble Energy
The acquisition of Noble Energy provides Chevron with offshore assets in Israel and enhances Chevron’s US unconventional position with acreage in the DJ Basin and 92 000 largely contiguous and adjacent acres in the Permian Basin.