Upstream news

19 companies, including ExxonMobil, BP, Total, Shell, Equinor, Petrobras and PetroChina, have been approved by Guyana's government for the next phase of the selection process.

The shale company has voluntarily filed for Chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas.

Gillian King will work with CEO Colette Cohen and new Chair, Martin Gilbert, to shape the overall strategic direction and long-term success of the Oil & Gas Technology Centre.

The temporary tax relief package for the petroleum industry that Norway recently approved could improve exploration and production companies’ short-term liquidity and reduce breakeven prices for future development projects by about 40% on average.

The platform is being constructed in the Kamennomysskoye-Sea gas field, located in the Ob Bay of the Kara Sea.

As Total and CNOOC develop billions of barrels of proven oil reserves near Lake Albert, the Ugandan government is committed to attracting more investment into the development of its hydrocarbons potential through the Second Licensing Round.

Oil prices gained this morning, as traders ignored new Covid-19 spikes, partly correcting losses of previous sessions.

The regulation covers matters such as the extension of the productive life of mature fields and the exploration of marginal and onshore fields along with investments in deep and ultra deepwater acreages.

The company will continue to support the offshore operations of an international oil and gas company in Brunei.

The plan released by the Interior Department’s Bureau of Land Management revokes an Obama-era management system for a huge swathe of federal land on the western North Slope, the National Petroleum Reserve in Alaska.