Upstream News

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

	TechnipFMC awarded assignments worth up to NOK 1.8 billion 23rd June 2020 The projects in scope are Breidablikk and the Gas Import System for the Snorre Expansion Project, for which contracts have been awarded, and Askeladd Vest, for which a letter of intent has been issued. The...
	World-class drilling on Valhall Flank West 22nd June 2020 “The jack-up rig alliance between Aker BP, Maersk Drilling and Halliburton has delivered world-class performances. We’re demonstrating that the strategy of creating increased value through...
	Connector Subsea Solutions announces acquisition of Isotek Oil and Gas Ltd 8th June 2020 The acquisition adds Isotek’s remote welding technology to CSS’s existing range of subsea pipeline repair capabilities which are primarily focused on mechanical clamp and connector pipe joining...
	Forum Energy Technologies appoints Chinese partner to support Asian growth strategy 8th June 2020 The vehicle, which recently completed successful sea trial in Norway, is the first of a new generation of electric observation class ROVs. It is the smallest in the new range, and powerful enough perform...
	WFS Technologies and Subsea Energy Solutions join forces 2nd June 2020 The collaboration will see WFS utilise its smart wireless Seatooth® technologies, which provide real-time insight in extreme environments, with SES’s offshore cable and subsea umbilical...
	Second DeNovo contract win for Aquaterra Energy 18th May 2020 The award follows on from Aquaterra Energy’s successful design, build and installation of its Sea Swift conductor supported platform (CSP) for DeNovo Energy’s first west-coast field development...
	WFS Technologies scoops two esteemed OTC awards for its subsea innovations 6th May 2020 WFS won the Small Business Spotlight on New Technology® Award for both its Seatooth SmartClamp and its Subsea Cloud Computing Network innovations – the only company to win two OTC 2020 awards and...
	Petrofac secures UK renewals totalling US$100m 6th May 2020 The awards, gained under a competitive tender process with an International Oil Company, involve the provision of Duty Holder support services for an offshore support vessel, and Operations and Maintenance...
	Maersk Intrepid to drill for Martin Linge 30th April 2020 The value of the contract is estimated at some USD 100 million, including rig modifications and upgrades and exclusive of intervention activities, integrated services and any incentive payments...
	BP confirms commitment to completing sale of its Alaska business 27th April 2020 Reflecting recent significant market volatility and oil price falls, BP and Hilcorp have successfully renegotiated the financial terms of the deal to respond to the current environment. ...