Upstream project news
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.
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).