Rising Oil Price Forecasts and More

  • Feb 13, 2021
  • Rigzone

Here are some of Rigzone's top upstream stories during the last week, just in case you missed them…

The U.S. Energy Information Administration (EIA) raised its Brent and West Texas Intermediate (WTI) oil price forecasts for this year and next year, its latest short term energy outlook report revealed.

According to the National Ocean Industries Association’s latest projections, which were prepared by Energy & Industrial Advisory Partners, if U.S. President Joe Biden’s pause on new oil and natural gas leases in offshore waters becomes permanent, the effect on the U.S. Gulf of Mexico workforce would be considerable.

The Texas Independent Producers & Royalty Owners Association’s (TIPRO) latest state of energy report showed just how many U.S. oil and gas industry jobs were cut last year.

Bahamas Petroleum Co. revealed that, in addition to the Bahamas, it is also focusing on Trinidad and Tobago and Suriname in 2021, as well as prospect/lead maturation potential in Uruguay from reprocessed seismic data.

Tullow Ghana has awarded Maersk Drilling a conditional letter of award for a long-term developmental drilling campaign at the TEN and Jubilee fields offshore Ghana, Maersk reported.

PTT Exploration and Production Public Company Limited (PTTEP) announced its largest ever gas discovery. The Lang Lebah-2 appraisal well in the Sarawak SK 410B Project was said to have proven over 1,960 feet of net gas pay and a well test at the site showed a flow rate of 50 million cubic feet of gas per day.

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