Upstream

ExxonMobil adds 4.5 billion barrels to reserves

Submitted by Editorial staff on 27th February 2019

27th February 2019

Higher prices and unconventional drilling drive proved reserves additions Reserves life at current production rates is 17 years Continuing success in exploration and strategic acquisitions in Guyana and Brazil add high-quality resources

Smoother sailing ahead for upstream supply chain players

Submitted by Editorial staff on 6th February 2019

06th February 2019

Challenges remain as deepwater sector regroups after downturn according to global natural resources consultancy Wood Mackenzie.

BP invests in new artificial intelligence technology

Submitted by Editorial staff on 28th January 2019

28th January 2019

BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its Upstream business.

Tracero launch HyperionTM for bulk level and density measurements

Submitted by Editorial staff on 22nd January 2019

22nd January 2019

Tracerco has added to its award-winning range of advanced nucleonic instrumentation by announcing the launch of HyperionTM. Designed using innovative scintillator based technology, HyperionTM is a non-contact, no moving parts measurement solution that provides accurate and extremely reliable bulk level and density measurements.

Gas and condensate discovery south of the Kristin field

Submitted by Editorial staff on 16th January 2019

16th January 2019

Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well.

Drilling to start soon at Colter well (Wessex Basin UK)

Submitted by Editorial staff on 15th January 2019

15th January 2019

Andalas Energy and Power shine as the best leverage play for investors.

Investing in Norway doesn’t have to be taxing

Submitted by Editorial staff on 10th January 2019

10th January 2019

As upstream companies active within the Norwegian Continental Shelf prepare to submit their tax returns to Norway’s Petroleum Tax Office, Mariann Mitchell, senior tax manager at KPMG, Aberdeen, looks at some of the key challenges and opportunities that companies may encounter when engaging in this market.

Paradigm Intervention Technologies Major Achievement with ISO 45001: 2018 Certification

Submitted by Editorial staff on 9th January 2019

09th January 2019

Paradigm Intervention Technologies, the leaders in enhanced digital and fibre enabled slickline for the upstream oil and gas industry, has successfully achieved certification to ISO 45001:2018 Occupational Health & Safety Management Standard.

TechX - Pioneering and Accelerating

Submitted by Editorial staff on 8th January 2019

08th January 2019

With just under a month left to apply for this year’s cohort of our technology accelerator programme, TechX Pioneers, it’s a great time to celebrate the successes of the class of 2018, as well as look forward to the opportunities lying ahead.

Trust, technology and transformation key to re-energising oil & gas collaboration

Submitted by Editorial staff on 12th December 2018

12th December 2018

The oil and gas industry’s drive to increase collaboration between suppliers and operators in the UK Continental Shelf (UKCS) has continued to maintain a consistent performance.