Upstream news

The AREA OFF-1 licence contains a management estimated resource potential of up to 1 billion boe.

Kvaerner will deliver the topside and steel substructure for the normally unmanned wellhead platform at the Hod field.

Electrification of the Sleipner field centre will entail laying a new power cable from Sleipner to the Gina Krog platform, which will be tied into the area solution for power from shore on the Utsira High.

The project will be implemented in the Bir Seba and Mouiat Outlad Messaoud oilfields for Groupement Bir Seba.

The contract for the lease and operation of the BW Cidade de São Vicente will now expire on 9 October 2020.

The company has completed the Pan Malaysia Transportation and Installation Projects for Sarawak Shell Berhad and SapuraOMV.

An armed group has shut production at the Libyan oilfield just days after it had resumed, according to the country's National Oil Corp.

The survey is located south of the high-profile discoveries in the Santos Basin and the recent sought-after blocks offered in Rounds 15 and 16.

Oil prices fluctuated this morning, swinging from marginal gains to losses as traders price in Libya supply and a spike in new global Covid-19 cases.

Forum Energy Technologies has announced that Wuxi Haiying-Cal Tec Marine Technology Co., Ltd will represent Forum for the sale of the company’s range of remotely operated vehicles (ROVs) in China.