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Upstream News Archive

Browse the oil and gas technology news archive for Upstream News

Shell has agreed to sell a package of UK North Sea assets
31st January 2017

The package of assets consists of Shell’s interests in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Block, the Greater Armada cluster, Everest, Lomond and Erskine, plus a 10% stake in Schiehallion.Based...
Culzean, a high pressure, high temperature gas condensate development in the UK Central North Sea
29th January 2017

Investment costs for the Culzean project are now forecasted to be around USD4bn, a reduction of around USD500m on the estimate at project sanction, CEO Gretchen Watkins outlined at the Maersk Group Capital...
Malikai Tension-Leg Platform (TLP)
29th January 2017

Located in waters up to 500-metres deep, Malikai is Shell’s second deepwater project in Malaysia, following the successful start-up of the Gumusut-Kakap platform in 2014. Malikai is expected to have a...
The alliance between Petrobras and Total continues to expand
29th January 2017

Entering strategic partnerships is an important part of Petrobras’ 2017-2021 Business and Management Plan, as it contributes to mitigating risks, strengthening corporate governance and sharing...
Proserv and SapuraKencana join forces
29th January 2017

Both companies will be leveraging on their respective regionally-based assets, expertise, technology and infrastructure to offer clients a variety of innovative solutions. They will jointly provide a range...
Statoil plans to drill around 30 exploration wells in 2017
29th January 2017

“Taking advantage of our own improvements and changed market conditions, we have been able to get more wells, more acreage and more seismic data for our exploration investments in later years,”...
Rumaila oilfield
24th January 2017

During the past six years, the oil produced from Rumaila has provided the Iraqi state with an estimated USD200 billion dollars in revenue.Oil production at Rumaila is now at its highest rate in 27 years,...
 Netscenario’s 3D visualisation platform, GeologiQ
24th January 2017

The two software providers have previously collaborated to develop digital solutions for the upstream sector, combining AGR’s data management platform, iQx, and Netscenario’s 3D visualisation...
North El Hammad block
24th January 2017

Eni is the operator of the North El Hammad block with an equity of 37.5 per cent in participation with BP, who has a 37.5 per cent stake, and with Total, who has a 25 per cent stake. The block, which covers...
Ravenspurn ST2 platform
24th January 2017

The well, being drilled with partners Perenco and Premier, will test the potential of a deep carboniferous age horizon several hundred metres beneath the mature reservoirs produced by the Ravenspurn ST2...


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