Upstream news
Weatherford provides update on expected results for 1Q20
The company has also announced its intention to delist from the New York Stock Exchange.
Shearwater receives termination notices for two contracts
The contracts were with Woodside in Australia and Reliance in India.
ADNOC cancels Dalma project contracts with Petrofac
The project, worth around US$1.65 billion, and awarded in February 2020, comprised two packages. Petrofac Emirates’ portion of the scope of work is valued at US$1.5 billion.
ONGC extends FPSO contract with Bumi Armada
The Armada Sterling FPSO is currently operating for ONGC in the D1 field 200 km offshore India's west coast.
Qatar Petroleum begins development drilling at North Field East project
The North Field East project will increase Qatar’s LNG production capacity from 77 million tpy to 110 million tpy.
Shell withdraws from Meretoyakhaneftegaz JV with Gazprom Neft
The joint venture between the two companies was set up to develop licence blocks in Russia's Yamal peninsula.
Mako gas field resource estimates upgraded
The gross (full field) 1C (contingent) resource estimate of 323 billion ft3 of recoverable raw gas represents an increase of 76% on the pre-appraisal estimate of 184 billion ft3.
Rystad Energy comments on effect of OPEC+ deal on oil prices
The world's leading oil producers reached a deal over the weekend to cut global output by approximately 10%.
SpotLight receives investment for seismic monitoring technology
SpotLight has received investment from Phaze Ventures, an Oman-based venture capital firm.
ExxonMobil field testing methane detection technologies
Field trials of eight emerging methane detection technologies, including satellite and aerial surveillance monitoring, are being conducted at nearly 1000 sites in Texas and New Mexico, US.