Upstream news
Searcher completes Argentina offshore 2D reprocessing expansion project
The expanded coverage over the Malvinas and Austral Basins adds to Searcher’s existing data in the area.
Woodside's Scarborough project gets green light
Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has advised of its acceptance of the Scarborough offshore project proposal.
TechnipFMC reduces 2020 CAPEX
The company has announced a 30% reduction in 2020 CAPEX to US$300 million.
Petrobras announces further cuts to production
Oil production will be cut by 200 000 bpd, a volume that includes the reduction of 100 000 bpd announced on 26 March 2020.
First gas achieved at ONGC project in Krishna Godavari Basin
At 4265 ft (1300 m), the first well that has been opened for early first gas is the deepest water depth opened by ONGC.
Subsea 7 withdraws 2020 guidance
The company has said it has sufficient liquidity to weather the challenges of low commodity prices and the Covid-19 pandemic.
BP announces cuts to spending
BP has cut its 2020 spending plans by 25% and will reduce output from its US shale oil and gas business.
Wintershall Dea awards Applied Petroleum Technology global frame agreement
Applied Petroleum Technology will provide geochemical analyses including consultancy services to deliver interpretation of drilling samples and other reservoir data.
ERIELL Group provides 2019 operational update
The company's 2019 projects were mainly concentrated in Russia and Uzbekistan.
African Energy Chamber: continent's oil-reliant countries vulnerable to Covid-19 and oil price crash
Analysis by the African Energy Chamber has identified Senegal, Angola and Nigeria as particularly vulnerable.