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8 July 2020
Brazil’s Petrobras begins decommissioning of Campos Basin platforms
Brazilian state-owned operator Petroleo Brasileiro (Petrobras) has started decommissioning works on the P-12 platform in the Campos Basin offshore Brazil.
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8 July 2020
Oil prices dip as build in US stocks adds to oversupply concerns
Oil prices have inched lower after data from industry group the American Petroleum Institute (API) highlighted a rise in the US crude inventories.
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7 July 2020
Equinor selects Norwegian firm Apply to overhaul Statfjord platforms
Equinor has awarded Norwegian engineering company Apply a framework agreement for engineering and installation services on the Statfjord field in the Norwegian part of the North Sea.
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7 July 2020
Saipem to install subsea system for Búzios pre-salt field
Italian oilfield service company Saipem has secured a contract to install a rigid riser-based subsea system to serve the Búzios pre-salt project offshore Brazil.
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7 July 2020
Oil slips over concerns that Covid-19 surge in US will curb demand
Oil prices have edged down due to concerns that an increase in Covid-19 cases in the US will restrict fuel demand recovery in the nation.
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6 July 2020
Berkshire Hathaway Energy to acquire Dominion Energy’s gas division
Iowa-based US renewable energy company Berkshire Hathaway Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway, has announced its agreement with Virginia-headquartered company Dominion Energy to acquire its natural gas transmission...
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6 July 2020
Neptune discovers hydrocarbons at Dugong well in Norwegian North Sea
European oil exploration and production company Neptune Energy has announced the discovery of hydrocarbons at the Dugong well, which is located in the Norwegian part of the North Sea.
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6 July 2020
ABB to deliver telecommunication services for Yinson’s Anna Nery FPSO
International technology company ABB has signed an agreement with Malaysian firm Yinson to provide electrical, control and telecommunication equipment and services for a new floating production, storage and offloading (FPSO)...
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6 July 2020
Oil prices mixed amid fears that Covid-19 spike may cut US fuel demand
Oil prices remain mixed as an increase in Covid-19 cases has cast a shadow over fuel demand in the US.
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3 July 2020
Chinese oil refineries run at over 100% capacity amid Covid-19
China's state-owned crude oil refineries (Sinopec, PetroChina, CNOOC, and Sinochem) have increased their crude oil refining rates from an average of 76% in May to 80% of capacity in June,...