Upstream news
Sparrows Group relocates to purpose-built facility in Angola
The move provides the company with a new workshop, storage yard, training facilities, and office to deliver its International Organization for Standardization (ISO) certified services in-country.
Zenith Energy completes payment for interest in Tunisian assets
The payment is for the acquisition of a 22.5% working interest in the North Kairouan permit and the Sidi El Kilani concession, which contains the Sidi El Kilani oilfield.
Eni and Korea Gas Corp. sign cooperation agreement
The MoU covers cooperation opportunities in E&P, LNG, downstream and infrastructure, and circular economy and low-carbon energy projects.
CNOOC begins production from Bohai Bay field
The Qinhuangdao 33-1S oilfield phase I project is expected to reach its peak production of approximately 6000 bpd of crude oil in 2021.
Oil prices fall on stock build and demand concerns
Oil prices have fallen as US stocks rise and as traders price in concerns about how quickly demand will return, fearing a second Covid-19 wave.
3D Oil farms out exploration permit to ConocoPhillips Australia
ConocoPhillips Australia now holds an 80% interest in T/49P in the offshore Otway Basin.
Total E&P UK receives environmental certification
The company has been certified for ISO50001 by ERM CVS.
Europa Oil & Gas acquires offshore Ireland licence
Europa plans to include FEL 3/19 in a relaunch of the farm-out of its strategic position in the Slyne Basin.
Equinor and Aker BP reach agreement on Krafla, Fulla and North of Alvheim development
Equinor is the operator of the Krafla licence and Aker BP is the operator of the North of Alvheim and Fulla licences.
Deep Down secures contracts in Gulf of Mexico and Asia Pacific
The scope of work includes providing subsea controls equipment consisting of jumpers, flying leads and an electrical/hydraulic distribution manifold.