Upstream news

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.

The new imaging approach uses seismic reflection and refraction information to automatically update the velocity model, enabling high-quality images in geologically complicated areas. 

The engineering study project award will see Penspen support with drilling platform diesel fuel tank modification for the multi-field integrated natural gas development.

Rystad Energy has said that OPEC+ has "taken a tighter grip on the near-term crude oil fundamentals with Saturday’s extension decision."

The charter is with an unnamed, 'leading' E&P company and will entail the servicing of platforms in the Gulf of Thailand.

The company is to increase its interest in the Wressle development in Lincolnshire, UK, to 40%.