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Upstream News

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

Moray Melhuish
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...
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...
The Maersk Intrepid drilling rig. (Photo: Maersk)
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...
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. ...
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...
Uganda Lake Albert development 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...
Ærfugl development project
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...
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...
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...
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...

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