Upstream news
Norway plans to extend Arctic oil exploration boundary
The government has proposed an extension of the so-called ice edge boundary to the constantly changing southern fringe of the permanent ice sheet.
Oil prices stabilise but storage crisis approaches
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has supplied a daily market comment, as oil prices rose slightly today before returning to flatter levels with marginal deviations.
Keppel delivers jack-up rig to Borr Drilling
Hild is the sixth jack-up rig that Keppel has delivered to Borr Drilling.
Eni releases 1Q20 results
Eni's adjusted operating profit for the quarter was €1.31 billion, down by €1 billion, or by 44%, compared to 1Q19.
PGS announces 1Q20 results
The company is reducing its 2020 CAPEX and cold-stacking two vessels in 2Q20.
Neptune Energy drills dry well in Norwegian Sea
Well 6507/8-10 S, 10 km east of the Heidrun field, will be permanently plugged and abandoned.
SDX Energy announces successful flow rate test at Sobhi discovery well
The company expects that the Sobhi well, onshore Nile Delta in Egypt, will be tied in during 2021.
Rystad analysis indicates US fraccing activity set for biggest monthly decline
Rystad estimates that the total number of started frac operations will end up below 300 wells in April 2020.
Developments in US boost oil prices
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has commented on today's developments.
Petrofac extends scope of contract with Repsol Sinopec
Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK.