Upstream news
Petronas to use Maersk semi-submersible for Suriname exploration campaign
The semi-submersible rig Mærsk Developer will used for a one-well exploration campaign in Block 52 offshore Suriname.
Tracerco secures flooded member inspection project in the Caribbean
The company will use an ROV to identify the presence of any flooding in multiple vertical, horizontal and angled platform members.
Shell's revised 2Q20 outlook warns of impairments of up to US$22 billion
The impairment charges anticipated are based upon the company expecting the price of Brent to be average approximately US$35/bbl in 2020 and the Henry Hub gas spot price US$1.75/MMBtu.
LLOG Exploration sanctions Taggart discovery
The Taggart discovery is located on Mississippi Canyon Block 816 in approximately 5650 ft of water.
Aker Solutions awarded maintenance and modifications work by Aker BP
The work covers Aker BP's Ula, Skarv, Valhall and Tambar fields offshore Norway.
Neptune Energy announces major milestone for Touat gas facility
Neptune Energy have announced a major milestone for the Touat gas facility in Algeria, with operatorship having been formally passed to Groupement Touat Gaz (GTG).
Oil prices decline amidst continuous rise in Covid-19 infections
Oil prices declined this morning, as traders priced in the continuous rise of Covid-19 infections and the consequences that may follow as a result.
Energean to acquire Edison E&P for revised total
The reduction is a result of an agreement to exclude Edison's Norwegian assets from the transaction.
NPD predicts half of Norwegian petroleum production will be powered from shore by mid-2020s
Running 16 fields on the Norwegian continental shelf with power from shore will mean that total CO2 emissions will be about 3.2 million t lower per year than they otherwise would have been.
Jadestone Energy acquires 90% interest in Lemang PSC
The Lemang PSC is located onshore Sumatra, Indonesia, and includes the Akatara gas field.