Upstream project news
Equinor drills dry well near the Oseberg field
Wildcat well 30/6-31 S encountered poorly developed sandstones in the Intra Heather Formation with poor reservoir quality and no traces of petroleum.
Rystad Energy warns of US shut-ins of 300 000 bpd during May and June
US oil production of at least 300 000 bpd will be shut during May and June, according to a Rystad Energy analysis of early communication from US oil producers.
CNOOC releases 1Q20 operational results
The company has reduced its annual net production target and CAPEX for 2020.
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.