Upstream news

33 rigs were placed at their respective monsoon locations before the onset of the seasonal adverse weather conditions.

The virtual server was created for geology and field development specialists, who create 3D models of gas condensate fields in Petrel software package and work with over hundred gigabytes of data.

Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya.

The contract is for the development and management of five wells in the Southwark, Blythe and Elgood gas fields in the UK Southern North Sea.

Optime Subsea's ROCS technology reduces completion time and cost by removing umbilical controlled tubing hanger operations.

Total now faces a revenue shortfall of at least US$12 billion (£9.76 billion) due to the crash in oil prices.

Norway's CO2 intensity per produced boe in 2018 was approximately 7 kg compared to Canada's 39 kg/boe, according to a report by Rystad Energy.

Oil prices fell this morning as traders priced in concerns over the future of crude stocks, geopolitical tensions and fears over how Covid-19 will progress.

The technology aims to reduce uncertainty and saves rig time by enabling operators to accurately position packers, perforating guns and the bottomhole assembly without running wireline or moving the work string.

Norway's Petroleum Safety Authority has given Neptune Energy consent to use the facility for production drilling for a period of 240 days.