Oil gains on currency effect
Oil prices rose on Thursday as a weaker dollar helped oil purchases, but gains remained limited amid Covid-19 infection news and inventory build concerns.
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Oil prices rose on Thursday as a weaker dollar helped oil purchases, but gains remained limited amid Covid-19 infection news and inventory build concerns.
Gjøa P1 is on track to achieve first oil two months ahead of the original plan.
Yannis Bassias, former President & CEO at Hellenic Hydrocarbon Resources Management (HHRM), talks about exploration in the Mediterranean, changes in the gas market, ultra-deepwater drilling, and explains why Greece “is not a declared gas province yet”.
Rystad analysis has suggested that oilfield service suppliers could diversify some oil and gas capabilities and replace up to 40% of 2019’s revenue by servicing the renewable markets.
The GD 250HDD pump expands Gardner Denver’s pump offerings into the wider horizontal directional drilling space for the first time.
Revenue from Baker Hughes’ oilfield services business, which accounts for about half of total sales, tumbled 26% to US$2.41 billion in 2Q20.
Saipem and Vår Energi have reached an agreement for the execution of 4 wells to be drilled in the Barents Sea and in the North Sea.
Oil prices are losing some of yesterday’s gains as API reports an unexpected stock build in US crude inventories.
The fieldwork started in March and, while phase one marks completion of the geophysical scope, the geotechnical scope in phase two will run as planned until August this year.
Callum Falconer and Steve Simpson have both been nominated onto the DNS board, following a period of time spent as nominated members of the organisation’s Decommissioning Leadership Group.
WorkfloPlus allows bespoke data reports to be created and shared to help streamline plant safety, compliance and save time.
BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of the FPSO Polvo.