Upstream news
Petrofac awarded EPS contracts
The contracts and contract extensions have a combined value of more than US$120 million.
Premier Oil provides operations update
Group production averaged 79.4 kboepd for the period with high operating efficiency of 94%.
Weatherford appoints new Chief Financial Officer
Garcia recently served as Executive Vice President and Chief Financial Officer at Visteon Corporation, a leader in automotive cockpit electronics, and served as a board member of Keane Group, a pure-play provider of integrated well completions.
IMI names GustoMSC-designed jack-up drilling rig
The rig has been named the "IMI-2030".
LUKOIL completes construction of first well in V. Filanovsky field
The well was drilled with a floating jack-up rig Neptune, mounted on a riser block platform.
Shell and partners boost pre-salt production in Santos Basin
Oil and gas production has started at the P-68 FPSO located in BM-S-11-A Concession in Berbigão, Sururu and West Atapu.
Wood Mackenzie comments on European Investment Bank ending financing for fossil fuel energy projects
The European Investment Bank has said that it will end financing of fossil fuel energy projects at the end of 2021.
Drillship contracted for Karoon’s Marina-1 exploration well in Peru
The Stena Forth has been contracted to drill one well, being the Marina-1 exploration well, in Karoon’s 40% owned and operated Block Z-38 in the Tumbes Basin in Peru with drilling scheduled to commence early in 1Q20.
Equinor chooses suppliers for inspection services on offshore installations and onshore plants
The agreements will be awarded to Aker Solutions AS, Axess AS, Oceaneering Asset Integrity AS and IKM Operations AS, taking effect from 1 January 2020.
ADNOC planning to acquire dozens of rigs by 2025
The company has announced a major rig fleet expansion programme to support its upstream growth plans and enable the delivery of its 2030 Smart Growth Strategy.