Upstream news
Shell sells Appalachia shale gas assets to National Fuel
The transaction includes the transfer of approximately 450 000 net leasehold acres across Pennsylvania, with approximately 350 producing Marcellus and Utica wells in Tioga County and associated facilities.
Equatorial Guinea grants two-year extension on exploration programmes
The country's Ministry of Mines and Hydrocarbons has signed a Ministerial Order granting oil and gas companies a two-year extension on their exploration programmes.
Rystad Energy: global investment slowdown set to hike oil prices and cause undersupply of 5 million bpd in 2025
Rystad Energy estimates that the downcycle in the upstream industry will remove about 6 million bpd from production forecasts for 2025.
MENCK and LM Handling to support platform installation offshore Trinidad and Tobago
The two companies, part of the Acteon Group, will support piling operations for a platform installation off the coast of Trinidad and Tobago.
IEV awarded subsea inspection contract
The contract was awarded by an unnamed oil and gas producer for the inspection of a subsea pipeline at an offshore oil and gas field in Malaysia.
Eni-operated exploration well offshore Mexico plugged and abandoned
The Ehecatl-1 exploration well on Block 7, located in the Sureste Basin offshore Mexico, did not find reservoired hydrocarbons.
Total reports 1Q20 results
Total’s net adjusted profit fell 35% from 4Q19 to US$1.78 billion.
Solstad Offshore secures medium-term contracts for six vessels
The contracts are for operations outside the North Sea with undisclosed clients.
Axxis Geo Solutions completes OBN survey in Middle East
The project's crew is now demobilising to the North Sea for work in late 2Q20.
Awilco Drilling and Petrofac delay North Sea P&A programmes
The plug and abandonment programme on the Rubie and Renee fields in the North Sea has been delayed until 25 May 2020.