Consultancy firm Rystad Energy said the outlook for short-term oil demand remains weak over global economic uncertainty and a fierce trade war between the US and China
Exploration
Shelf Drilling announces jack-up contract extension in Nigeria
Dubai-based Shelf Drilling has announced that it has secured a six-month contract extension for the 2008 Shelf Drilling Resourceful jack-up rig
Amplus Energy wins first major contract in Angola
Aberdeen-based floating production solutions specialist Amplus Energy Services has won a multi-million-dollar contract to re-evaluate the development of marginal fields in Angola
CNOOC acquires major stake in West African petroleum licences
Australian oil and gas explorer FAR Ltd, which holds a stake in oil drilling licenses off the West African coast of Guinea-Bissau, has announced that a unit of China National Offshore Oil Corp (CNOOC) will take a majority stake in the projects
‘Offshore project sanctioning in 2019 stands at US$56bn’
Driven by Saudi Aramco’s announced US$18bn worth of project commitments associated with the Marjan and Berri expansion projects, the overall offshore project sanctioning in 2019 stands at US$56bn and counting, according to energy research and business intelligence company Rystad Energy
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