Upstream news

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%.

On Saturday, OPEC+ agreed to extend the deal to withdraw almost 10% of global supplies from the market by a third month to the end of July.

Production has resumed at the Sharara and El Feel oilfields in the southwest of the country.

The flaring-related CO2 emissions intensity of oil production in the US Permian Basin is set to reach historically low levels in 2H20, averaging at between 4 and 5 kg of CO2 per barrel of oil produced, Rystad Energy estimates.

Apache’s adoption of the Arup Inspect MInteg inspection service on the Beryl Alpha platform has reduced offshore inspection hours of the topside structure whilst enhancing the quality and availability of inspection data.

Eni has created two new business groups: Natural Resources and Energy Evolution.