Browse the latest upstream project news news and articles.
High exploration and production costs in China are undoubtedly driving the companies to take preventive measures by slashing planned investments and cutting operational expenditures.
The EPF, a key component in enabling Block Energy to process and sell gas from its West Rustavi field in Georgia, has arrived onsite from Canada.
Upstream and midstream activity for the company was down by 5% in 1H20, compared to a 4% increase in renewables activity during the same period.
The work centres on NEO Energy’s Babbage platform, which is located in block 48/2a of the UK SNS and includes five gas production wells and one suspended well.
Norway, which is not part of the OPEC+ group, has said it would cut its oil production by 250 000 bpd in June and by 134 000 bpd in 2H20.
The contract will encompass Altrad mobilising resources to Ravenna in Italy for the construction phase of the project, which will be followed by the hook-up and commissioning phase located offshore in the Southern North Sea.
Fugro will support Seamec's asset management project for ONGC offshore west India.
The announcement comes a day after Petrolia, a partner in the programme along with Concedo and Idemitsu Petroleum, had said that drilling would start by 19 June.
Rystad Energy has released its annual global energy outlook, which claims that the Covid-19 downturn will expedite peak oil demand.
Williams will provide offshore natural gas and oil gathering and production handling services for the Taggart development in the Mississippi Canyon area of the Gulf of Mexico.
The well is located to the west of the Snorre field in the Northern North Sea, in a block operated by Neptune Energy.
The system, which enables faster and more cost-effective planned interventions, will be first applied on Equinor’s Visund field in the North Sea.