Upstream news
Jersey Oil & Gas to lead Greater Buchan Area evaluation
The wider Greater Buchan Area in the UK North Sea contains discovered oil and gas resources in excess of 200 million boe.
ExxonMobil aiming to "significantly" reduce spending
The company is aiming to reduce spending as a result of market conditions caused by the Covid-19 pandemic and commodity price decreases.
Neptune Energy confirms discovery in UK Central North Sea
Hydrocarbons were encountered at the Isabella exploration well, with 64 m net pay encountered, consisting of lean gas and condensate and high-quality light oil.
Gulf Keystone Petroleum suspends drilling activities at well in Iraqi Kurdistan
Drilling activities at the SH-13 well have been suspended due to Covid-19.
Saudi Aramco announces 2019 results
Net income in 2019 was US$88.2 billion 2019, compared to US$111.1 billion in 2018.
CNOOC makes oil discovery in Bohai Bay
The Kenli 6-1 discovery is expected to be the first large-sized oilfield in the Laibei lower uplift.
Carnarvon Petroleum: Dorado field work progressing
Carnarvon Petroleum and Santos, the operator of the offshore Dorado field, are working on entering the FEED phase.
Majority of Norwegian continental shelf projects completed within budget, according to report
A review of 66 projects on the Norwegian continental shelf (NCS) between 2007– 2018 has revealed that most have kept their estimated costs.
Polarcus seismic project cancelled
An XArray™ marine seismic acquisition project due to be carried out in the Asia Pacific region has been cancelled.
TechnipFMC delays separation
The company's separation into TechnipFMC and Technip Energies has been delayed by the Covid-19 pandemic, the sharp decline in commodity prices, and the heightened volatility in global equity markets.