Upstream news
Oil prices stabilising
Oil prices have reached stable levels and are staying in the more comfortable US$30-35 range.
BW Energy lowers Dussafu production target
The company's Ruche project has also been deferred until efficient project execution can be assured.
Total and NEO Energy renegotiate North Sea asset deal
Previous deal partner Petrogas is no longer part of the transaction.
Jersey Oil & Gas acquires Equinor's interest in Verbier discovery
Licence P2170 is located in the Greater Buchan Area in the North Sea.
TGS expands northwest Europe facies map browser
Version 4.5.0 of the facies map browser allows users to expand their subsurface knowledge of these regions of exploration.
Worley to provide engineering services for BP's offshore developments
The global framework agreements are conceptual engineering and for early engineering and FEED services.
ODE awarded duty holder contract for Babbage field platform
ODE has acted as operations and maintenance provider for the asset since the project phase and successfully transitioned the platform from normally manned to not normally manned status in recent years.
Deepsea Stavanger semi-submersible idled due to Covid-19
Once the idle period is complete, the rig will be mobilised to South Africa by Total to commence its charter as planned.
Oil prices rise again in response to declining supply, improving demand
Oil prices rose again this morning as the promised production cuts seem to be realised and on signs that demand is indeed picking up globally.
OGUK recovery group to discuss bringing forward net zero projects
The recovery group convened by OGUK will aim to develop a strategy for the sector to recover as part of OGUK’s three stage framework revealed at the end of April.