Upstream project news
IOG receives UK OGA approval for field development plan
IOG has received the approval for its Core gas project in the North Sea.
Union Jack Oil provides update on West Newton programme
The company has said that site construction works will commence on the West Newton B drilling site in due course.
Simmons Edeco completes Mexico onshore drilling campaign
The company has completed completed a second series of development drilling of wells at the Panuco field for a major oilfield services company.
Kazakhstan makes output cuts
Kazakhstan has pledged to cut its output by 390 000 bpd in May and June.
Equinor awards Maersk Drilling rig contract
The hybrid jack-up rig Maersk Intrepid will drill three wells and plug one in the Martin Linge field offshore Norway.
Rockhopper Exploration provides update on Sea Lion farm-in
Rockhopper Exploration has said that it, Premier Oil and Navitas Petroleum remain committed to the finalisation of the farm-in agreement.
Ascent Resources secures right to three onshore licences in Cuba
Ascent Resources is currently the only London-listed company to venture into the Cuban oil and gas market.
PGS completes 3D survey offshore PNG
The survey has gathered over 6100 km2 of seismic data from the Papuan Basin.
Hindustan Oil Exploration makes discovery offshore Mumbai
The two wells drilled and completed in Block B-80 are expected to have an average production of 8000 bpd.
Global E&P revenues projected to fall by US$1 trillion in 2020, says Rystad Energy
A Rystad Energy analysis shows that global E&P revenues are now forecasted to fall by about US$1 trillion in 2020, a drop of 40% to US$1.47 trillion from last year’s US$2.47 trillion.