Upstream news

Despite the recent relative oil price recovery, dozens of US operators are still threatened by bankruptcies even at a WTI oil price of US$30/bbl, according to Rystad Energy.

Oil production in April was 1.9% higher than the Norwegian Petroleum Directorate’s forecast.

Aberdeen Drilling Consultants has combined guidance from leading advisory, regulatory and legislative bodies to produce a Covid-19 Resilience Audit.

ABS is providing detailed guidance on navigating the unique regulatory environment for offshore operators in Brazil.

The award includes the provision of general and advanced non-destructive testing and fabric maintenance inspection services across the operator’s onshore and offshore facilities in the Middle East.

Oil prices rose today on indications that supply has been sufficiently curtailed to balance demand and on news that US storage filling levels have dropped.

The survey took place in the Petrel field, located in the Bonaparte Basin.

Tendeka will provide its inflow control technology to help increase production from Malaysian assets of an independent operator.

The increase in production in 1Q20 was driven by strong production levels at the South Disouq onshore gas area in Egypt.

Maersk Supply Service will remove four 30 in. jacket-mounted drilling conductors and two associated conductor guide frames using an I-class vessel.