Upstream news
African Energy Chamber: Uganda underlines intention to become major player
The African Energy Chamber has said that Tullow Oil and Total's resolving of a long-standing capital gains tax dispute will make Uganda the biggest crude producer in East Africa.
Diamond Offshore begins Chapter 11 proceedings
Diamond intends to use the proceedings to restructure and strengthen its balance sheet and achieve a more sustainable debt profile.
Rystad Energy comments on second day of price decline
Oil prices have declined for a second day on storage concerns.
Petrobras agrees FPSO extension with BW Offshore
Petrobras has extended its lease of the BW Cidade de São Vicente FPSO by 48 days.
OGUK calls for urgent action to preserve jobs and energy security
OGUK has warned that up to 30 000 jobs could be lost in the sector as it called for the transition to net zero to be put at the heart of recovery plans.
Oil and Gas Authority releases Wells Strategy report
The Oil and Gas Authority’s (OGA) new Wells Strategy report highlights how well intervention activity is set to increase.
Canada's upstream spending set for 41% y/y decline
Rystad Energy expects total 2020 Canadian upstream spending to fall below CAN$21 billion.
ADNOC and ADPower launch joint tender for subsea power transmission network
The subsea transmission system, expected to begin commercial operation in 2025, will connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid.
Nigeria delays oil export plans
Nigeria’s state oil company has delayed publishing its future oil export plans as it negotiates with local companies and international majors about how to cut output.
SBM Offshore completes construction of Johan Castberg turret mooring system
SBM Offshore has announced the sailaway of the last two modules for the turret mooring system, destined for Singapore for integration into the hull of Equinor’s Johan Castberg FPSO.