Upstream project news
Capricorn Norge receives drilling permit
The Norwegian Petroleum Directorate has granted the company a permit for well 35/8-7S in production licence 880.
Pioneer Natural Resources to reduce 2020 capital spending
The company has reduced its drilling, completion and facilities capital budget by approximately 45%.
Jersey Oil & Gas to lead Greater Buchan Area evaluation
The wider Greater Buchan Area in the UK North Sea contains discovered oil and gas resources in excess of 200 million boe.
ExxonMobil aiming to "significantly" reduce spending
The company is aiming to reduce spending as a result of market conditions caused by the Covid-19 pandemic and commodity price decreases.
Gulf Keystone Petroleum suspends drilling activities at well in Iraqi Kurdistan
Drilling activities at the SH-13 well have been suspended due to Covid-19.
CNOOC makes oil discovery in Bohai Bay
The Kenli 6-1 discovery is expected to be the first large-sized oilfield in the Laibei lower uplift.
Carnarvon Petroleum: Dorado field work progressing
Carnarvon Petroleum and Santos, the operator of the offshore Dorado field, are working on entering the FEED phase.
Majority of Norwegian continental shelf projects completed within budget, according to report
A review of 66 projects on the Norwegian continental shelf (NCS) between 2007– 2018 has revealed that most have kept their estimated costs.
TechnipFMC delays separation
The company's separation into TechnipFMC and Technip Energies has been delayed by the Covid-19 pandemic, the sharp decline in commodity prices, and the heightened volatility in global equity markets.
Udenna completes acquisition of Chevron stake in Malampaya gas field
Malampaya services approximately 30% of the Philippines' demand for electricity.