Upstream news
OTC 2020 postponed
The event, due to be held in May in Houston, Texas, has been postponed to the third quarter of 2020.
SPE/ICoTA Well Intervention Conference and Exhibition cancelled due to Covid-19
The event was due to be held in The Woodlands in Texas, US, from 24 - 25 March.
Udenna completes acquisition of Chevron stake in Malampaya gas field
Malampaya services approximately 30% of the Philippines' demand for electricity.
Apache Corp. reduces 2020 capital investment plan
Activity reductions are planned in the Permian Basin, Egypt and the North Sea.
Oil and gas sector logistics expert warns industry's businesses scope for EU free trade deal may have reduced sharply
According to Adam Johnson, there are several key areas of potentially terminal disagreement between the EU and Britain.
Japan’s E&P players face structural change, says Wood Mackenzie
Japanese E&Ps find themselves at a crossroads, as domestic drivers to develop international resources are weakening and the energy transition has forced a review of upstream strategies.
Husky Energy cuts 2020 spending by US$1 billion
The decrease represents a 33% reduction in the company's upstream spending.
GlobalData: deepwater acreage will continue to attract significant interest through 2020
A significant portion of the acreage available in 1Q20 is located in either deep or ultra-deep water, up from the previous quarter, according to GlobalData.
McDermott reorganisation plan approved
The US Bankruptcy Court for the Southern District of Texas has confirmed the company's Plan of Reorganization.
Azerbaijan International Operating Co. awards Worley EPC contract
Worley will provide engineering, procurement and construction services to support production operations on the Chirag platform in the Caspian Sea.