Upstream news
TGS announces 4Q19 results
TGS has reported net segment revenues of US$232 million for 4Q19, a growth of 23% compared to US$188 million in 4Q18.
Petrofac and MODS agree North Sea digital technology partnership
Petrofac has signed an exclusive partnership agreement with MODS, a digitalisation and dimensional control service company, to deploy its flagship product ‘Virtual Manager Enterprise’ (VME) at scale in the North Sea.
Rystad Energy revises global oil demand growth outlook due to Coronavirus
Rystad Energy is heavily revising its annual global oil demand growth forecast down by 25% to 820 000 bpd in 2020.
Aquaterra Energy to design offshore platform for Chevron
The company is to design and support installation of a Sea Swift offshore platform off the coast of Angola.
Airborne Oil & Gas secures TCP flowline contract in Africa
The company is to deliver a 10 km length of thermoplastic composite pipe (TCP) to a supermajor in West Africa.
Empyrean confident of upgrade to Mako field resource size
Gaffney Cline and Associates has been commissioned by the operator on behalf of the Duyung PSC partners to update its view of the Mako field.
Subsea Expo has international flavour with VIPs from Africa and Azerbaijan
Mozambique’s oil and gas regulator, the National Petroleum Institute, and senior representatives from SOCAR, the State Oil Company of the Azerbaijan Republic, will be actively promoting business opportunities for UK subsea companies at Subsea Expo.
NOV reports 4Q19 and FY19 results
The company has reported 4Q19 revenues of US$2.28 billion, an increase of 7% compared to 3Q19 and a decrease of 5% compared to 4Q18.
Gas module to accelerate production from Fram field
A new gas module that was recently put onstream on the Troll C platform will accelerate and boost production from Fram by substantial profitable volumes.
Survey completed at Thali licence
The Geoquip Marine survey vessel MV Investigator completed its survey at the NJOM-3 well site on the Thali block offshore Cameroon on 7 February 2020.