Upstream news

Occidental has informed Total that, as part of an understanding with the Algerian authorities on the transfer of Anadarko’s interests to Occidental, Occidental would not be in a position to sell its interests in Algeria.

Well 35/10-6, in production licence 827 S, has been permanently plugged and abandoned.

Aquaterra Energy will design a new single well conductor supported platform for DeNovo Energy, to be located in the Zandolie field.

X-PAS™ Emissions dynamically calculates and displays in real time the lowest achievable emissions intensity for an asset’s production target and plant configuration.

The successful companies have not been named.

A Rystad Energy analysis reveals that stocks in oilfield services companies have collectively lost half their value since the beginning of 2020.

Oil prices rose this morning, stabilising above US$30 Brent, as traders welcomed a hinted demand recovery and saw a slight decrease in US stock builds.

Under the company’s Fast4Ward programme the total number of hulls ordered to date stands at five, with three allocated to projects.

The new class notation IVBS-BRA developed by Bureau Veritas will help clients to demonstrate compliance with Brazilian regulations for operating FPSOs and FPUs in the country's deepwaters.

The survey took place in water depths of 750 to 3500 m and is Nigeria’s first regional multi-client multibeam and seafloor sampling (MB&SS) study.