Upstream news

El Salmiyah-5 was spudded on 3 February 2020, and reached total depth of 4400 m MD on 17 April 2020.

Siemens Gas and Power is to supply three SGT-300 industrial gas turbine generators (GTG), three mechanical-drive SGT-300 gas turbines and three DATUM centrifugal compressors.

Oil prices got a boost this morning on rumours that the coming OPEC+ meeting may keep high-level production cuts after June.

The funding has been secured from eight parties, including Oxford Sciences Innovation (OSI), Parkwalk, Oxford Investment Consultants, the University of Oxford and GF Piping Systems.

Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion bbl of liquids and 7.5 billion boe of natural gas, Rystad Energy estimates.

The collaboration will see WFS utilise its smart wireless Seatooth® technologies with SES’s offshore cable and subsea umbilical, riser and flowline protection systems.

Proserv has been commissioned by Independent Oil and Gas (IOG) to provide a complete subsea controls system for IOG’s Core project phase 1 development.

Simmons Edeco supplied drilling and completion services for Newpek on a recently acquired concession in the Trevino oilfield, in the Burgos Basin in the state of Tamaulipas in northeastern Mexico.

Oil prices rose this morning on anticipation for the coming OPEC+ meeting, which is rumoured to discuss maintaining high-level production cuts after June, Rystad Energy reports.

Mr. Kjetil Ramstad will take up the CFO position as of 2 June 2020.