Upstream news
ABS to provide classification for Silver Eagle's self-elevating drilling units
Silver Eagle says the self-propelled design is capable of working at greater water depths and in harsh environments.
Key Petroleum responds to Covid-19
Key has made an application a 12-month Suspension and Extension for Permit Year 3 in which the Wye Knot-1 well was to be drilled.
Oil Search completes well tests in Alaska
Mitquq 1 ST1 flowed at a stabilised rate of 1730 bpd from a single stimulated zone, while the Stirrup 1 exploration well flowed at a stabilised rate of 3520 bpd from a single stimulated zone.
Aker Energy cancels FPSO contract with Yinson
Aker Energy was due to charter an FPSO for the deepwater Tano/Cape Three Points (DWT/CTP) project, offshore Ghana.
Aker Solutions awarded brownfield services contract in Brunei
The scope of work covers maintenance and upgrades to maintain production levels for more than 200 offshore assets.
Neptune Energy anticipates increase in North Sea produced volumes in 2020
Neptune anticipates 2020 to see produced volumes increase, reflecting production from the Cygnus field and an additional 3000 boe/d from assets set to be acquired from Energean Oil & Gas.
Zenith Energy receives LOI for US$2 million investment
The LOI has been signed with an Arab consortium of strategic institutional investors focused on African development opportunities.
TGS and PGS release final data for 2020 Eastern Newfoundland licensing round
The fully merged and migrated Tablelands and North Tablelands 3D datasets cover approximately 12 500 km2 in the eastern part of the Orphan Basin.
Rystad Energy: rig utilisation could fall by 18% in Southeast Asia in 2020
Southeast Asia’s rig market, which was poised for growth in 2020, is now set for decline, according to analysis by Rystad Energy.
Shell updates 1Q20 outlook
Shell has said that post-tax impairment charges in the range of US$400-800 million are expected for 1Q20.