Oil largely unchanged as traders brace for OPEC+ negotiations
Oil prices moved only marginally on Tuesday as the market waits for a clear message from ongoing OPEC+ negotiations, after a turbulent meeting the previous day.
Browse the latest upstream news news and articles.
Oil prices moved only marginally on Tuesday as the market waits for a clear message from ongoing OPEC+ negotiations, after a turbulent meeting the previous day.
ExxonMobil has said it will write down the value of natural gas properties by US$17 billion to US$20 billion.
The company will use its NoMan technology for remote inspection of pressure vessels during operational turn arounds on two FPSOs.
Separo will continue to provide water treatment services at the Cygnus Alpha gas production platform.
The survey will provide the first 3D seismic data over blocks offered in Brazil's 17th Bidding Round, now scheduled for October 2021.
If output increases as planned from January, the world will have to face a new 200 million bbl surplus through May, Rystad Energy calculates.
Oil prices declined on Monday as OPEC+ does not appear to have a clear consensus yet on extending its current production levels, contrary to what the market has already priced in.
The expansion will allow OTS UK to provide wastewater treatment, drill cuttings handling, high-pressure well service pumps, cleaning services, swarf handling, pump transfer systems and more.
ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait.
Petrobras has cut its five-year investment plan by 27% from a year ago to US$55 billion.
The contract was awarded to BGP Inc., a subsidiary of China National Petroleum Company (CNPC).
To date, the storage tanks and inspection gantry have been installed at the Wressle oilfield in North Lincolnshire, UK, while work is advanced in respect of the electrical and control system installation.