Oil declines on stock builds report, levels remain resilient
Oil prices fell today as a projected rise in US crude oil inventories raised concerns in the market that the supply-demand balance is deteriorating.
Browse the latest upstream news news and articles.
Oil prices fell today as a projected rise in US crude oil inventories raised concerns in the market that the supply-demand balance is deteriorating.
Shell’s Deepwater business has selected Bentley’s digital twin approach to streamline its capital projects process and accelerate time to first oil.
The two companies have agreed to work together on various projects to promote the use of marine CSEM technology.
Operator Wintershall DEA estimates that it can recover 18 billion m3 of gas from Dvalin.
The project covers an area of approximately 82 000 km2 offshore Nigeria and will incorporate 17 seabed heat flow measurements and 253 seabed cores.
Westwood Global Energy Group has published a note giving a preliminary assessment of the deal from each company’s perspective and the outlook for the merged company and the wider North Sea M&A market.
Intebloc has been awarded a contract from Stena Drilling to provide Rig-Ware, its data management system, to enable increased control of vessel lifting equipment.
Oil prices have swung towards both sides today, due to the uncertainty that the OPEC+ meeting created, and as the US election is coming closer and closer.
The released data discloses relevant subsurface data including well log data, core data and well test data.
Emerson has been awarded a contract to provide automation technologies for the new Azeri Central East offshore platform.
ConocoPhillips has agreed to buy US shale oil producer Concho Resources Inc for US$9.7 billion.
Westwood Global Energy has published a note giving a preliminary assessment of the deal from each company’s perspective and the outlook for the merged company and the wider North Sea M&A market.