Upstream news

First gas has been achieved from a new well in the Chiswick field in the Southern North Sea, while first oil has been achieved from a new well in the Chestnut field.

The company is in discussions with Total regarding the notice.

The HullGuard system involves installing a tubular ‘periscope type’ anode with an integral dielectric shield, through an ODIN® type class approved access port fitted to the inside of the ship’s hull.

Africa Oil & Power (AOP) is working with Senegalese government partners to confirm a new date for the conference.

Incitec Pivot Ltd's 50/50 joint venture project with Central Petroleum concerning the coal seam gas acreage (ATP 2031) in Queensland’s Surat Basin has been temporarily paused.

The IEA expects global oil demand to fall in 2020 – the first full-year decline in more than a decade – because of the deep contraction in China, which accounted for more than 80% of global oil demand growth in 2019, and major disruptions to travel and trade.

INEOS has decided to postpone its scheduled maintenance for the North Sea Forties pipeline system (FPS) in a move that Rystad Energy calculates will add several hundred thousands of extra barrels to the market every day.

In an operations update, the company said it remains focused on operating in a low oil price environment.

Planned 2020 CAPEX on the company's UK producing assets is expected to be below US$45 million, reduced from the original forecast of US$65 million.

The contract, which is to provide four annular injection mixers for a gathering and separation plant, was signed earlier last month.