Upstream news

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.

Santos has named Weatherford its Contractor of the Year.

Wintershall has reduced its 2020 CAPEX by 30% to €1-1.2 billion.

The deal, worth an undisclosed multimillion-pound sum, will see the Aberdeen-headquartered firm deliver complex modifications for Spirit Energy's E&P business.

James Fisher Asset Information Services is set to collaborate with Aberdeen University on the R2S Digital Twin solution.

The contract is for work on the onshore Mahani gas and condensate field in Sharjah, United Arab Emirates.