Upstream project news
Russia-Saudi Arabia price war could slash US$250 billion off E&P budgets, predict Rystad Energy
The price war will heavily impact service company revenues, even driving some out of the market, according to Rystad Energy.
First oil expected at Evelyn field by 2022
Tailwind Energy will make a final investment decision on the Evelyn field, in the central North Sea, in 2020.
Sole gas field begins producing to processing plant
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.
Production resumes at Cliff Head in Perth Basin
Production had been suspended at the Cliff Head Alpha Platform offshore Western Australia due to an electrical fault.
TGS and Fairfield Geotechnologies acquire 3D seismic survey in Delaware Basin
The companies have commenced operations on The Channel 3D survey in Lea County, New Mexico, US.
US drilled but uncompleted wells first to feel oil price shock, says Rystad Energy
A Rystad Energy impact analysis shows that US drilled but uncompleted wells will be the first assets to be threatened by the newly formed low price environment, as their breakeven costs are now only dollars away from market prices.
TechnipFMC awarded EPCI contract for BP's Platina field
The contract covers the development of the Platina field, located offshore Angola in Block 18.
Esso Australia drilling gas wells in West Barracouta
The company anticipates West Barracouta gas flowing to the Australian domestic gas market by early 2021.
RockRose Energy completes West Brae development well
The company has completed the first of two infill development wells at West Brae, offshore Scotland.
Awilco Drillling to undertake P&A work for Petrofac
The plug and abandonment programme will take place in the Rubie and Renee oilfields in the North Sea.