Upstream news

The remote deployment model for the SonicGauge wireless monitoring system is designed to overcome travel restrictions as a result of the Covid-19 pandemic.

Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has said that oil prices will likely continue falling until significant upstream shut-in volumes commence.

The cancellation has been been prompted by Norway banning all events of more than 500 people until 1 September 2020 due to the Covid-19 pandemic.

The decision document, received on 24 April from the UK Environment Agency, grants a variation to the permit for the West Newton A site and associated WNA-2 testing operations.

BP and Hilcorp have successfully renegotiated the financial terms of the deal to respond to the current environment.

Pre-Stack Pro enables users to fully leverage 100% of their seismic data using advanced tools for AVO processing and quantitative amplitude interpretation.

WellSharp Live has been developed as a temporary solution to support ongoing training and learning in the oil and gas industry during the Covid-19 crisis.

As enthusiasm subsided and prices fell again today, Rystad's Energy Head of Oil Markets, Bjornar Tonhaugen, has commented on developments.

DNV GL has issued an international call to oil and gas operators and the supply chain to pilot a methodology that will prove whether the data generated by digital twins can be trusted, and if the technology is delivering value.

Maersk Drilling is to reduce its offshore crew pool as a result of tenders and projects being delayed or cancelled.