Upstream news
US drilled but uncompleted wells first to feel oil price shock, says Rystad Energy
A Rystad Energy impact analysis shows that US drilled but uncompleted wells will be the first assets to be threatened by the newly formed low price environment, as their breakeven costs are now only dollars away from market prices.
TechnipFMC awarded EPCI contract for BP's Platina field
The contract covers the development of the Platina field, located offshore Angola in Block 18.
Esso Australia drilling gas wells in West Barracouta
The company anticipates West Barracouta gas flowing to the Australian domestic gas market by early 2021.
RockRose Energy completes West Brae development well
The company has completed the first of two infill development wells at West Brae, offshore Scotland.
Awilco Drillling to undertake P&A work for Petrofac
The plug and abandonment programme will take place in the Rubie and Renee oilfields in the North Sea.
Wood Mackenzie: oil price rout may trigger major industry shake-up
Wood Mackenzie’s Tom Ellacott has said that the oil price collapse could be the trigger for a new phase of deep industry restructuring – one that rivals the changes seen in the late-1990s.
Logan Industries to provide condition-based monitoring for Diamond Offshore’s wireline tensioners
Logan will provide turn-around upgrade and repairs to a fleet of wireline tensioners onboard five active drilling and completion vessels.
OPEX Group and Wood Mackenzie launch new oil and gas data service
The Operations DataHub enables operators to securely pool and gain insight from operations data from multiple assets across the UKCS basin.
Shearwater GeoServices awarded first deepwater OBS project in Gulf of Mexico
The project will be Shearwater’s first OBS remotely operated vehicle survey.
Rotork actuators used for Malaysian oilfield redvelopment
MIR Valve Sdn Bhd ordered 12 RH rack and pinion actuators to control subsea ball valves on a jacket flooding system.