Upstream news
Gazprom spuds first producing well at Kharasaveyskoye field
The Kharasaveyskoye field, in the Yamal peninsula, has estimated gas reserves of approximately 2 trillion m3.
Neodrill and Baker Hughes perform world's first cut and recover operation
The cut and recover operation was carried out for Wintershall Dea Norge.
Oil falls on fears of second wave of Covid-19
Oil prices fell this morning, as traders priced in fears of a second round of Covid-19-related demand decline.
Var Energi extending life of Balder area in North Sea
The Balder Future project is aiming to extend the life of the area to 2045.
Saudi Aramco suspends operations for Shelf jack-up rig
The suspension will last for up to 12 months.
BP predicts impairments of up to US$17.5 billion in 2Q20
The prediction comes as a result of the company's expectation of weak demand for energy for a prolonged period and a faster transition away from fossil fuels due to the ongoing Covid-19 pandemic.
31 wells sabotaged at oilfield in northeast Colombia
The acts of sabotage took place at Ecopetrol’s La Cira-Infantas oilfield, near the city of Barrancabermeja, which produces around 35 000 bpd.
Shell awards FPSO decommissioning contract to AF Gruppen
The Curlew FPSO operated in the North Sea.
Bahamas Petroleum and Columbus Energy Resources set to merge
The two companies have reached agreement on the terms of a recommended all-share merger, which would see Bahamas Petroleum acquire Columbus for approximately £25 million.
Opening the door to the Middle East
Stuart Kinnear, Interface Fluidics, reveals how venture capital firm Phaze Ventures worked with Interface Fluidics, a technology-enabled oil and gas lab service company, to bring new oil optimisation solutions to market.