Upstream project news
OKEA provides production update
OKEA has announced that its assets produced a total of 19 099 boe/d in 1Q20, compared to 19 498 boe/d in 1Q19.
Yinson and Sumitomo agree partnership for Brazil FPSO project
Under the agreement, Sumitomo will have a 25% stake in the FPSO Anna Nery project, which was awarded to Yinson by Petrobras in October 2019.
Corallian, Upland Resources and Baron Oil sign work sharing agreement for Moray Firth licence
The agreement has been signed with an unnamed European E&P company for licence P2478 in the Inner Moray Firth, UK.
Neptune Energy begins drilling in Fenja field
Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe.
African Energy Chamber: Uganda underlines intention to become major player
The African Energy Chamber has said that Tullow Oil and Total's resolving of a long-standing capital gains tax dispute will make Uganda the biggest crude producer in East Africa.
Petrobras agrees FPSO extension with BW Offshore
Petrobras has extended its lease of the BW Cidade de São Vicente FPSO by 48 days.
Canada's upstream spending set for 41% y/y decline
Rystad Energy expects total 2020 Canadian upstream spending to fall below CAN$21 billion.
ADNOC and ADPower launch joint tender for subsea power transmission network
The subsea transmission system, expected to begin commercial operation in 2025, will connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid.
SBM Offshore completes construction of Johan Castberg turret mooring system
SBM Offshore has announced the sailaway of the last two modules for the turret mooring system, destined for Singapore for integration into the hull of Equinor’s Johan Castberg FPSO.
Union Jack Oil receives permit for testing of West Newton well
The decision document, received on 24 April from the UK Environment Agency, grants a variation to the permit for the West Newton A site and associated WNA-2 testing operations.