Upstream news
Investment in Victoria gas field being considered
An initial AUS$200 million investment to help commercialise the closest gas field to Victoria's eastern coastline is being considered by Australian Gas Infrastructure Group (AGIG).
Saipem announces 1Q20 results
The company recorded a loss of €269 million in 1Q20 and withdrawn guidance for 2020.
Production begins at Ærfugl field
Aker BP and PGNiG have started production from the second development stage (phase two) on the Ærfugl field in the Norwegian Sea.
Shell delays making decision on North Sea and Gulf of Mexico projects
The company is delaying final investment decisions (FIDs) on the Jackdaw natural gas field in the North Sea and the Whale deepwater oil discovery in the Gulf of Mexico.
Tullow Oil sells Uganda assets to Total
Tullow has agreed to transfer its entire interests in Blocks 1, 1A, 2 and 3A in Uganda and the proposed East African crude oil pipeline (EACOP) system to Total Uganda for cash consideration of US$575 million.
Baker Hughes posts 1Q20 results
The oilfield services company recorded a US$10 billion loss in 1Q20.
Fugro awarded remote operations contract on Well-Safe Guardian
Fugro will deliver integrated marine-based services onboard the Well-Safe Guardian, Well-Safe Solutions’ semi-submersible unit for executing subsea well decommissioning work.
Neptune Energy and Wintershall Dea discover oil and gas in Germany
The Adorf Z15 gas well and the Ringe 6 oil well in northwestern Germany have been successfully drilled.
Over 30 companies interested in Guyana crude marketing contract
The companies interested in marketing the Guyanese government's share of the country's crude include ExxonMobil, Shell, Equinor, Total, Petrobras, Saudi Aramco, Lukoil and PetroChina.
Jadestone Energy makes further CAPEX reductions
The company is deferring its Australia infill drilling campaign into 2021.