Upstream project news

Activity reductions are planned in the Permian Basin, Egypt and the North Sea.

Murphy’s revised 2020 budget is now approximately US$950 million, a nearly 35% revision.

The company recorded loss after tax of US$1694 million. in 2019.

The two LNG-fuelled PSVs Island Crusader and Island Contender, as well as a third sister vessel Island Commander, have ben contracted by Lundin Norway.

The contract will see BJ Services' TITAN fracturing fleet deployed in the Haynesville shale.

The company has said it completing a series of "transformational" acquisitions in the Republic of the Congo, West Africa, Tunisia and Italy.

Fugro and the US National Oceanic and Atmospheric Administration Office of Ocean Exploration and Research are focusing on mapping deepwater areas of the US Exclusive Economic Zone (EEZ).

The price war will heavily impact service company revenues, even driving some out of the market, according to Rystad Energy.

Tailwind Energy will make a final investment decision on the Evelyn field, in the central North Sea, in 2020.

The Sole gas project has passed a critical milestone with the first flow of gas from the Sole gas field to the Orbost gas processing plant.