Upstream

The COVID-19 pandemic has meant more time for oil and gas exploration firms to bid on five blocks offshore Lebanon.

Due to the COVID-19 pandemic, offshore oil and gas operator Aker Energy has terminated a letter of intent (LoI) for the Pecan project in Ghana.

An oilfield operated by Norwegian firm Equinor alongside other partners are ramping up production at a faster pace than originally expected.

China National Offshore Oil Corporation (CNOOC) announced on Tuesday that it will be postponing its drilling campaign which was supposed to take place offshore Canada as a result of the coronavirus outbreak.

A new solution for upstream oil and gas companies to help streamline processes and costs has been launched. The solution was launched by German software firm SAP in collaboration with professional services firm Accenture.

Norway’s Equinor and the State Oil Company of the Azerbaijan Republic (SOCAR) have confirmed their discovery of the Karabagh oil field offshore Azerbaijan, in the Caspian Sea.

A discovery of at least 12 million barrels of oil equivalent (MMboe) at an exploration well in the North Sea has been made.

Norwegian -based oil and gas company Equinor has obtained a permit for the drilling of a wildcat well in the Norwegian waters of the North Sea.

According to an Upstream Commissioner at Uganda’s Energy Ministry, the country is close to an agreement with France’s Total and its partners in the Lake Albert oil project that will solve the stand-off over maiden oil production in the nation.

Analysts have said that the deadlock between oil majors Saudi Arabia and Russia could “last a while” as they wait for each other to blink first.