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Upstream News

Global coverage of exploration and production, field development, shale, fracking and other upstream sector developments

Latest Upstream News:

Ecopetrol and Talisman flow oil at Colombia onshore well
Ecopetrol and Talisman Energy have proven the presence of hydrocarbons in the Nueva Esperanza-1 exploratory well (A2b), located in block CPO-9 in Colombia - 21st November 2014
Petrobras launches production from FPSO Cidade de Ilhabela in the Santos Basin off Brazil
Petrobras has announced the start-up of the Cidade de Ilhabela floating production, storage and offloading (FPSO) vessel in the Santos Basin offshore Brazil - 21st November 2014
Statoil annuls rig contract offshore Angola after drilling dry well
Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola - 21st November 2014
21st November 2014

Cue Energy Resources has announced the execution of a farm-in agreement with Bukit Energy Central Sumatra (Mahato) to acquire a 12.5 per cent participating interest in the Mahato Production Sharing Contract (PSC) onshore Central Sumatra, Indonesia, subject to Indonesian government approval.
21st November 2014

SapuraKencana Petroleum has entered into sale and purchase agreements to acquire the entire interest of Petronas in three blocks offshore south Vietnam (Blocks 01/97 and 02/97, Blocks 10 and 11.1, and Block 46-CN) for a total purchase price of USD 400m
21st November 2014

Ophir Energy has reported disappointing results at its East Pande block, and has failed to find any commercial hydrocarbon zones