Upstream news
GlobalData: Maka Central discovery needs at least 210 million boe recoverable resources to be economical
The discovery could bring over US$50 million in revenue per year to the Surinamese government, if it sees similar success to Guyana’s Stabroek, according to GlobalData.
Panoro Energy scales back operations in Gabon
The effects of Covid-19 are likely to affect the planned timing of the DTM-7H well and the subsequent firm exploration well, according to the company.
EnQuest to halt production at two North Sea fields
The two affected sites are the Heather and Thistle/Deveron fields.
Dolphin Drilling to carry out North Sea campaign for i3 Energy
i3 Energy will utilise either the Borgland Dolphin or Blackford Dolphin semi-submersible drilling rig for a minimum 82-day programme.
Lankhorst Offshore to provide mooring lines for Liza Unity FPSO
The company is to manufacture 20 Cabral 512 deepwater mooring lines for the FPSO, which is working in ExxonMobil’s Liza oilfield offshore Guyana.
SOCAR and Equinor confirm oil discovery offshore Azerbaijan
The discovery was made in the Karabagh oilfield 120 km offshore.
OGUK warns of "fragile outlook" for the UK's offshore sector
The fall in oil and gas prices and the impact of the coronavirus has led to the industry body to call for government support.
Rystad Energy: 3 million bpd of extra oil could enter market from April
The oil price is soon expected to slide even lower once the extra supply becomes available from April.
Varel International Energy Services receives multimillion dollar investment
Varel will use the investment from Blue Water Energy to drive growth in the medium-term.
Construction of UK subsea engineering facility begins
Express Engineering's subsea engineering assembly and test centre is due to come onstream in late 2020.