Upstream news
Weatherford lands project management contract with Iraqi Drilling Company
Weatherford will project manage the drilling and completion of 20 wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.
Oil declines on OPEC+ expected output increase while Covid-19 slows demand recovery
Oil prices fell as the market expects OPEC+ to lower production curtailments, while Covid-19 slows demand recovery.
Equinor makes minor oil discovery near Vigdis field in the North Sea
The preliminary calculation of the size of the discovery is between 0.9 and 1.5 million m3 of recoverable oil.
Rever Offshore completes Rhum field contract
The company carried out electrical diagnostics for Serica Energy as part of a multi-year campaign of preventive maintenance on the subsea cable network.
Side-track well to be drilled at Dugong discovery
Hydrocarbons were discovered at the Dugong well (PL 882), located in the Norwegian sector of the North Sea, last week.
Petrobras agrees to sell shallow water fields in Potiguar Basin
Petrobras has sold its entire stake in the Pescada, Arabaiana, and Dentão fields to OP Pescada Óleo e Gás Ltda.
API Ohio welcomes new well plugging rules
The approval ensures that Ohio’s well plugging regulations address modern industry operations, standards and materials while putting in place better planning and review of plugging operations by the well owner as part of the permitting process.
Rystad Energy forecasts seven FPSO awards in 2021
Similar to the previous downturn, awards for FPSO vessels are set to recover next year, with seven projects likely to be sanctioned according to Rystad Energy.
Oil falls as Covid-19 cases reach daily record in the US
Oil prices fell as Covid-19 cases hit daily country record in the US, erasing previous gains and pricing in the demand uncertainty ahead.
Polarcus to carry out 3D project for Eni
The project will take place in the Asia Pacific region.