Upstream news
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.
Storage problem begins to sink in for industry
Rystad Energy has issued its daily market comment on oil prices.
Weatherford records milestone for automated connection integrity
The company's VeroTM automated connection integrity has successfully completed 100 runs and 33 000 tubular connections in operations worldwide since its market debut.
Rystad Energy: global OCTG demand to decline by 15% in 2020
The US is seeing an immediate and severe drop in OCTG tonnage requirements, as operators have slashed their drilling programmes by in some cases up to 50%.
Indonesia announces size of Mahato oil discovery
The discovery in the onshore Central Sumatra Basin amounts to 61.8 million bbl, according to Cue Energy Resources, which a 12.5% interest.
OGUK report highlights critical role of industry
A new report published by OGUK shows domestic oil and gas production in 2019 met nearly two thirds of the UK’s oil and gas demands.