Upstream news

Oil prices have swung to gains after road fuel demand signals and an upcoming OPEC+ meeting weighted positively on trader sentiments.

Rystad Energy has released its annual global energy outlook, which claims that the Covid-19 downturn will expedite peak oil demand.

Decom North Sea (DNS) and Darussalam Enterprise created an agreement designed to deliver a mutually beneficial relationship between DNS members and Brunei’s growing late life and decommissioning sector.

Williams will provide offshore natural gas and oil gathering and production handling services for the Taggart development in the Mississippi Canyon area of the Gulf of Mexico.

FTR will provide third party inspection services, including temporary equipment inspection to several key operators and contractors, including Chrysaor and Oceaneering itself.

The well is located to the west of the Snorre field in the Northern North Sea, in a block operated by Neptune Energy.

The system, which enables faster and more cost-effective planned interventions, will be first applied on Equinor’s Visund field in the North Sea.

Wells 35/11-24 S and A will be drilled from the West Hercules drilling facility.

The consortium, including INEOS Oil & Gas Denmark, Wintershall Dea and Maersk Drilling, aims at building infrastructure and capabilities that will enable CO2 captured in onshore facilities to be transported offshore for injection and storage beneath the seabed.

The Australian Petroleum Production and Exploration Association has said the legislation passed on Tuesday this week was a step in the right direction to help ensure that Victoria has ongoing secure supplies of natural gas.