Upstream news
Ascent Resources revises Slovenia strategy
The company has said it is confident that the Slovenian government will receive the required permits for further stimulation of the Petišovci tight gas project.
Petrofac awarded extension on Iraq crude export project contract
Petrofac has secured a further six-month contract extension with Basra Oil Company for its long-standing Iraq Crude Oil Export Expansion Project.
New oil presence identified offshore East Canada
Applied Petroleum Technology has identified Lower Jurassic source rocks and a genetically related set of oil show in the Southern Grand Banks.
PGS concludes East Shetland Basin seismic survey
The seismic data is being processed in the company's Weybridge imaging centre and early results will be available in August.
ConocoPhillips completes sale of Australia-West assets
ConocoPhillips has completed the sale of its subsidiaries that hold its Australia-West assets and operations to Santos.
Maersk Drilling reports fall in revenue in 1Q20
The company recorded a revenue of US$279 million in 1Q20, compared to US$305 million in 4Q19.
OMV granted drilling permit in Norwegian North Sea
Well 6506/11-12 S. will be drilled about 4 kilometres west of the Morvin field.
Ashtead Technology and Reliance Subsea Services enter partnership
Ashtead will provide subsea survey and ROV equipment to Reliance for use on offshore drilling, field development, IRM and decommissioning projects.
Petrogas relinquishes interest in Malaysia onshore block
The relinquishment process of the SK331 block, located onshore Sarawak, East Malaysia, is expected to be fully completed before the end of the year.
US oil output will not recover pre-Covid-19 levels until 2022, says Rystad Energy
US monthly output is not likely to exceed 11.7 million bpd before 2022, according to Rystad Energy estimates.