Upstream project news
ExxonMobil cuts 2020 CAPEX by 30%
The largest share of the company's capital spending reduction will be in the Permian Basin.
Charlie-1 appraisal well confirms large condensate discovery in Torok Formation
The company has said however that Premier Oil has withdrawn from the project, as the well did not meet its pre-drill expectations.
Origin Energy increases interest in Beetaloo JV
Under the agreement with Falcon Oil and Gas, Origin will increase its interest n the Beetaloo Basin JV to 77.5%.
Neptune Energy outlines carbon and methane intensity reduction targets
The company is targeting carbon intensity of 6 kg CO2/boe by 2030.
Shelf Drilling announces early contract termination
The company's contract with Dubai Petroleum will end in October 2020 rather than January 2022.
Wintershall discovers oil at Bergknapp prospect
Initial recoverable resource estimates put the discovery at between 26 and 97 million boe.
Oil discovery made in US Gulf of Mexico
The Monument exploration well found approximately 200 ft (c. 60 m) of net oil pay with good reservoir characteristics in Paleogene sandstone.
TDI-Brooks completes West Africa offshore data acquisition for TGS
The company, under contract to TGS, has completed the offshore 'seep-hunting' surface geochemical analysis and geotechnical campaign of the MSGBC Basin.
SeaBird OBN surveys off West Africa cancelled
A client of SeaBird Exploration has cancelled two OBN surveys off West Africa due to the Covid-19 situation.
Aker BP makes gas discovery in Norwegian Sea
Preliminary estimates place the size of the discovery in production licence 1008 between 1 and 2.4 billion m3 of recoverable gas.