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Oil crests $50/bbl before OPEC+ meets to assess demand

Oil crests $50/bbl before OPEC+ meets to assess demand

Oil traded back above $50 a barrel before OPEC and its allies gather Tuesday for an urgent meeting to assess the impact of the work effect on global demand. OPEC are reportedly planning to meet on coming Tuesday and Wednesday in Vienna to discuss options. Saudi Arabia opens talks on possible Feb OPEC+ meeting. The...

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Equinor taps Subsea Integration Alliance for Bacalhau FEED project offshore Brazil

Equinor taps Subsea Integration Alliance for Bacalhau FEED project offshore Brazil

Schlumberger announced an award to Subsea Integration Alliance of an exclusive contract by Equinor for the front-end engineering design (FEED). Equinor and its partner Shell have completed a joint acquisition of the 49% interest held by Schlumberger. The contract scope brings together field development planning, project delivery. Equinor has signed an agreement with Eidesvik Offshore...

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TGS adds U.S. unconventional log databases from Petrophysical Solutions

TGS adds U.S. unconventional log databases from Petrophysical Solutions

TGS announced the purchase of all U.S. onshore petrophysical log database and associated intellectual property from Petrophysical Solutions, Inc. TGS announced the completion of a new multibeam and coring program covering over 213,0000 square kilometers. The Liberia Petroleum Regulatory Authority (LPRA) has announced the launch of the next licensing round, expected to commence in April...

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TGS completes new multibeam and coring program in Brazil’s Campos and Santos basins

TGS completes new multibeam and coring program in Brazil’s Campos and Santos basins

TGS announced the completion of a new multibeam and coring program covering over 213,0000 square kilometers in the Campos. TGS announced that it has completed a transaction to purchase over 800 square miles of onshore 3D seismic surveys. TGS, in partnership with AustinBridgeporth, has been granted exclusive rights to acquire the world’s highest resolution gravity...

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Chevron greenlights its Anchor 20,000-psi deepwater project in the Gulf of Mexico

Chevron greenlights its Anchor 20,000-psi deepwater project in the Gulf of Mexico

Chevron has sanctioned the Anchor project in the U.S. Gulf of Mexico, marking the industry’s first deepwater high-pressure development. A dozen of the country’s top high school-age tractor restoration enthusiasts competed for the title in Indianapolis. Disciplined capital allocation prioritizes high return, lower risk investments. Company announced a contribution of $100,000 from the Chevron Global...

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Venezuela using ‘dark ships’ to secretly export millions of barrels of oil

Venezuela using ‘dark ships’ to secretly export millions of barrels of oil

The Dragon, a massive oil tanker flying the Liberian flag, is supposed to be floating somewhere off the coast of France. Venezuela has expelled El Salvador’s diplomats in a tit-for-tat response after El Salvador. Venezuela has won a seat on the United Nations Human Rights Council. Instead, it’s currently thousands of miles away in Venezuela....

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TGS supports sustainability efforts in Brazil with film festivals

TGS supports sustainability efforts in Brazil with film festivals

TGS sponsored and participated at the recent Santa Catarina Ridge International Environmental Film Festival. TGS is a leading provider of multi-client geoscience and engineering data for Exploration & Production company. TGS has announced that it is working with Institut de Physique du Globe de Paris (IPGP) Marine Geosciences Group. This event, organized in conjunction with...

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Chevron’s buyer for UK fields seek funds from commodity traders

Chevron’s buyer for UK fields seek funds from commodity traders

A unit of Delek Group Ltd. is seeking alternative means of financing to complete its $2 billion. Chevron Corporation announced that it has signed a Share Purchase agreement. Company announced a 2019 organic capital and exploratory spending program of $20 billion. The acquisition of some of Chevron Corp.’s North Sea oil and gas assets after...

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Maersk Supply Service awarded integrated solutions project in Brazil

Maersk Supply Service awarded integrated solutions project in Brazil

Maersk Supply Service will provide an integrated mooring lines life extension solution. Western Australia’s Port of Fremantle is setting new records with the arrival of two Post Panamax containerships. On July 10, the company said that it agreed with SoLix Group AB. Shell’s FPSO Fluminense, including project management, engineering, interface management. New facility which has...

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Dolphin Drilling lands semisub contract with Shell

Dolphin Drilling lands semisub contract with Shell

Global contractor Dolphin Drilling has secured further work for its Borgland Dolphin semi-submersible drilling rig. The oil rig has left a £50,000 cash donation. Olsen Energy ASA, has entered into a contract for the provision. The company has won a contract with AS Norske Shell in Norway to provide rig support. The majority lenders under...

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