Upstream news
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.
EIA: US crude oil exports reached nearly 3 million bpd in 2019
The growth in US crude oil exports in 2019 has been attributed to increasing US crude oil production, expanding domestic infrastructure, and increasing global demand for light, low-sulfur crude oils.
United Oil & Gas appoints non-executive director
Stewart MacDonald has been appointed as non-executive Director of the company.
Stress Engineering launches digital flex joint angle monitoring system
The system is for monitoring real time drilling operations.
Murphy Oil reduces 2020 CAPEX plans
Murphy’s revised 2020 budget is now approximately US$950 million, a nearly 35% revision.
Tullow Oil announces 2019 results
The company recorded loss after tax of US$1694 million. in 2019.