Upstream project news
Maersk Drilling to stack North Sea rigs
Maersk Drilling is to reduce its offshore crew pool as a result of tenders and projects being delayed or cancelled.
Eni releases 1Q20 results
Eni's adjusted operating profit for the quarter was €1.31 billion, down by €1 billion, or by 44%, compared to 1Q19.
Neptune Energy drills dry well in Norwegian Sea
Well 6507/8-10 S, 10 km east of the Heidrun field, will be permanently plugged and abandoned.
SDX Energy announces successful flow rate test at Sobhi discovery well
The company expects that the Sobhi well, onshore Nile Delta in Egypt, will be tied in during 2021.
Rystad analysis indicates US fraccing activity set for biggest monthly decline
Rystad estimates that the total number of started frac operations will end up below 300 wells in April 2020.
Petrofac extends scope of contract with Repsol Sinopec
Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK.
Investment in Victoria gas field being considered
An initial AUS$200 million investment to help commercialise the closest gas field to Victoria's eastern coastline is being considered by Australian Gas Infrastructure Group (AGIG).
Production begins at Ærfugl field
Aker BP and PGNiG have started production from the second development stage (phase two) on the Ærfugl field in the Norwegian Sea.
Shell delays making decision on North Sea and Gulf of Mexico projects
The company is delaying final investment decisions (FIDs) on the Jackdaw natural gas field in the North Sea and the Whale deepwater oil discovery in the Gulf of Mexico.
Tullow Oil sells Uganda assets to Total
Tullow has agreed to transfer its entire interests in Blocks 1, 1A, 2 and 3A in Uganda and the proposed East African crude oil pipeline (EACOP) system to Total Uganda for cash consideration of US$575 million.