Upstream news

Rystad Energy expects the outbreak of the coronavirus disease known as COVID-19 to cause extensive staffing and supply shortages in China, South Korea and Singapore.

The acquisition includes a 22% non-operating interest in the producing Abu Sennan concession, onshore Egypt.

Ocean Infinity has been awarded a contract with ExxonMobil for AUV geophysical and geotechnical data acquisition within the Stabroek block offshore Guyana.

The FPSO Abigail-Joseph is expected to reach Nigeria by early May after which she will undergo final commissioning works.

Xodus believes worldwide energy consumption will continue to increase, driven by economic growth in developing countries, and that approximately half of that demand will need to be fulfilled by natural gas.

Wood is delivering an engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico.

The Agogo field offshore Angola now has 1 billion bbl, following the drilling of appraisal well Agogo-3.

The project offshore Mauritania will the first where Maersk Decom will provide an end-to-end plugging and abandonment solution under one single contract.

Energean Oil and Gas plc has signed an agreement for the acquisition of Total’s stake in Block 2, offshore Western Greece.

Brent crude oil prices, which Rystad Energy earlier expected to average nearly US$60/bbl in 2020, are now forecast to slump to about US$56/bbl for the year following revisions to Rystad's January forecasts.