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Upstream News
Global coverage of exploration and production, field development, shale, fracking and other upstream sector developments
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1st November 2021 Preliminary estimates show that between 3 and 10 million standard cubic meters of recoverable oil equivalents have been proven in the well, corresponding to 19-62 million barrels.“Our ambition is to...
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19th October 2021 Each contract comprises a firm three-year period and a subsequent one-year option. Seven Waves will commence the new contract in the first quarter 2022. Seven Rio will commence the new...
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13th October 2021 The exploration well proved successful with the latest preliminary estimates showing volumes between 9-12 million barrels of recoverable oil equivalents.The exploration well proved successful with the...
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13th October 2021 Halliburton Company has released the iStar™ Intelligent Drilling and Logging Platform, a comprehensive measurement platform comprising multiple services for greater control of drilling and...
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12th October 2021 When tested at various weights, the Company’s underwater autonomous vehicle successfully and consistently coupled to the seabed and acquired high-quality ocean bottom seismic (OBS) data for offshore...
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11th October 2021 The partnership will effectively leverage the two businesses’ recent collaboration in the development of the OFG AUV non-contact integrated Cathodic Protection (iCP)...
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7th October 2021 The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total significant discoveries to more than 20 within the Stabroek Block. The Cataback-1 well encountered 243...
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7th October 2021 The contract value is calculated at around USD 56 million for the fixed part of the contract, which has an estimated duration of 220 days.The value includes drilling and completion services, fuel, treatment...
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30th September 2021 Under the contract, Tracerco will deploy DiscoveryTM, a subsea computed tomography (CT) scanner designed for external scanning of pipelines and which operates along the same general principles as CT...
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30th September 2021 The three-year contract, which comes with two one-year options to extend, includes the provision of manpower to support operations and maintenance, while assessing ways to drive down costs and extend...
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