Upstream news
Premier Oil's acquisition of BP North Sea assets approved by creditors
Premier Oil has also said it will not be pursuing the purchase of the additional 25% interest in the Tolmount gas field from Dana Petroleum.
Subsea 7 secures Gulf of Mexico contract
Offshore installation activities are scheduled for 2020.
Oil recovers gains as US crude stocks relief reassures traders
Oil prices rose this morning, reversing earlier losses, as a crude stockpile relief in the US, still inspires market confidence.
Successful applicants for exploration acreage in Cooper and Otway Basins announced
Beach Energy, Cooper Energy, Leigh Creek Energy, Cordillo Energy, Gidgee Energy and Vintage Energy are the companies to have been awarded exploration licences by the South Australia State Government.
Eni makes gas discovery offshore Egypt
The exploration well drilled by Eni is located in the North El Hammad licence in the Nile Delta.
Neptune Energy awards Cygnus field inspection contract to Fugro
Fugro’s scope of work includes inspection of subsea infrastructure including pipelines and umbilicals, spools and communication cables, and standard structural surveys of the Neptune-operated Cygnus gas platform jackets.
Eni contracts Vantage Drilling jack-up rig
The Topaz Driller has been contracted to perform drilling services offshore Montenegro for 180 days.
Oil prices strengthen on stock relief indication
Oil prices rose this morning on indications that crude inventories in the US fell by more than 8 million bpd last week.
CGG GeoSoftware and Alibaba Cloud to support E&P companies with cloud geoscience technologies
CGG GeoSoftware has collaborated with Alibaba Cloud to deploy its suite of proprietary geoscience software solutions on the Alibaba Cloud platform.
SBM Offshore completes bridge loan for FPSO Sepetiba
The US$600 million bridge loan facility will be drawn in July 2020 to finance the ongoing construction of the FPSO Sepetiba.