Upstream news
EnergyWaterSolutions VOX evaporation technology available for commercial use
The VOX evaporation technology evaporates produced water from production sites into the atmosphere with low emissions.
SeaBird Exploration receives letter of award for contract in South America
The contract is expected to start in 3Q20, with a duration of about 30 – 45 days.
Rystad Energy: "physical oil market broken beyond recognition"
Rystad Energy's Head of Oil Markets, Bjornar Tonhaugen, has commented on the recovery of oil prices from negative levels yesterday.
TGS completes reprocessing of new 2D survey in Russian Sea of Okhotsk
First data from the 21 631 km2 regional 2D seismic survey offshore Sakhalin Island has been sent out to pre-funding customers and is now available to all industry customers.
TechnipFMC awarded EPCI contract for Woodside's Lambert Deep and Greater Western Flank fields
TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea production system, flexible flowlines and umbilicals for connection to the Angel platform.
Halliburton releases 1Q20 financial results
The company has announced a net loss of US$1 billion, or US$1.16 per diluted share, for 1Q20.
Yinson completes refinancing deal for FPSO John Agyekum Kufour
The FPSO is currently operating in the OCTP Block, offshore Ghana, and is chartered to Eni.
Petrobras begins binding phase for Papa-terra field sale
The Papa-terra field in the Campos Basin is operated by Petrobras, with Chevron holding the other interest.
Rystad Energy predicts 2.7% y/y decline in US shale output
As shut-ins, reductions in spending and activities weigh in, 4Q20, which was projected to see a y/y oil production increase of 650 000 bpd, is now instead forecast to see a reduction of 1.5 million bpd.
Zenith Energy makes onshore acquisition in Tunisia
The company has acquired a working interest in the North Kairouan permit and the Sidi El Kilani concession, which contains the Sidi El Kilani oilfield.