Upstream News

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

	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. ...
	MagiQ Technologies Announces Strategic New Hires and Successful Seismic Field Test 27th April 2020 Jakob Haldorsen has joined MagiQ Technologies as Scientific Advisor and Director of Business Development. Mr. Haldorsen will lead the MagiQ Technologies’ team in developing new methodologies for...
	Total Acquires Tullow Entire Interests in Uganda Lake Albert Project 23rd April 2020 The overall consideration paid by Total to Tullow will be $575M, with an initial payment of $500M at closing and $75M when the partners take the Final Investment Decision to launch the project. In addition...
	Accelerated production start-up from the Ærfugl field 22nd April 2020 “The acceleration of production from Ærfugl Phase 2 means increased value creation for the Ærfugl joint venture, the supplier industry and the Norwegian society in the form of increased revenues. Thus...
	Suriname: Total and Apache Corporation announce a second discovery in Block 58 3rd April 2020 Total and Apache Corporation have announced a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. The well was drilled using the Noble Sam Croft with...
	DNV GL introduces new recommended practice and digital tool to manage major safety and cost risks exposed by corrosion under insulation 24th March 2020 CUI, a type of corrosion which arises when water becomes trapped between insulation and the piping and vessels it is designed to protect, has contributed to more than 20% of all major oil and gas accidents...
	Aker Solutions Wins 20-Year Umbilicals Master Order With Chevron 24th March 2020 The scope of the Chevron agreement includes the delivery of engineering, design and manufacturing of dynamic and static control umbilicals, dynamic and static power umbilicals, and service and installation...