Upstream news

In collaboration with Marathon Oil Corp and EG LNG, the country's Ministry of Mines and Hydrocarbons has awarded a contract for the development of a gas master plan to British company Gas Strategies.

The study for JX Nippon Oil & Gas Exploration Corp. will assess options for carbon capture and sequestration (CCS), alongside blue hydrogen production relating to oil and gas fields in South East Asia.

Ecopetrol’s CAPEX for the year now sits in a range between US$2.5 billion and US$3 billion.

Oil prices fell this morning as traders curbed their enthusiasm about new cuts from the Middle East, due to an emerging possibility of increased lockdown periods fearing a possible second Covid-19 wave.

Premier Oil has said first gas from its Tolmount project is now expected in 2Q21.

The Japanese company has cuts its annual net profit forecast by 93%.

The operation was conducted from an integrated subsea template structure at the Fenja field in the Norwegian North Sea.

Rosgeo and the Ministry of Mines and Hydrocarbons of Equatorial Guinea have signed two services contracts for the initial phase of seismic acquisition in the Rio Muni area.

The agreement enables Wellpro Group to enhance its existing well intervention portfolio.

The drilling programme for well 7321/8-2 S relates to the drilling of a wildcat well in production licence 719.