Upstream news

Covid-19-related disruption at Aker Solutions' yard in Egersund, Norway, where the Maersk Inspirer rig for the Yme project is undergoing an upgrade, has led OKEA to warn of a potential delay to first oil from the Yme field until the first half of 2021.

The company's permit for the Beehive prospect has been extended by 12 months to 21 December 2021.

CNOOC will not exercise its pre-emption rights to acquire 50% of Tullow's assets in Uganda on the same terms and conditions as those agreed between Tullow and Total in April 2020.

The Ace Splice Clamp is a ‘sub-less’ downhole product that protects the control lines during completion.

Oil prices fell this morning as industry data hint a crude stock build in the US and as the potential for US-China tensions rises.

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 has secured a further six-month contract extension with Basra Oil Company for its long-standing Iraq Crude Oil Export Expansion Project.

Applied Petroleum Technology has identified Lower Jurassic source rocks and a genetically related set of oil show in the Southern Grand Banks.

The seismic data is being processed in the company's Weybridge imaging centre and early results will be available in August.

ConocoPhillips has completed the sale of its subsidiaries that hold its Australia-West assets and operations to Santos.