Upstream News

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

	New light oil discovery in the Barents Sea 22nd August 2019 Recoverable resources are preliminarily estimated at 20-65 million barrels of oil.The Sputnik well was drilled in licence PL855, approximately 30 kilometres North East of the Wisting discovery. The well...
	ADNOC awards contracts for wells and drilling materials 21st August 2019 The Abu Dhabi National Oil Company (ADNOC) announced, today, the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement...
	Well Conveyor Announces Investments from Chevron Technology Ventures, ProVenture and Investinor 21st August 2019 Combined with additional investments from existing investors ProVenture and Investinor, the company raised 15.7 MNOK ($1.8 M).The money from this financing round will support the qualification and...
	ADNOC awards contracts for wells and drilling materials as it drives value through smart procurement 21st August 2019 The Abu Dhabi National Oil Company (ADNOC) announced, today, the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement...
	BP deck operations contract a first for Sparrows Group in UKCS 21st August 2019 The contract builds on the Aberdeen headquartered company’s existing long-term relationship with the E&P organisation to become a single point of contact for all lifting and handling operations...
	RelyOn Nutec secures three-year contract with subsea specialists 20th August 2019 RelyOn Nutec’s Training Management Service (TMS) has secured a deal to manage the training matrix and associated resources for Rever Offshore, formerly Bibby Offshore, with an option to increase the...
	Subsea 7 engineering conversion programme 20th August 2019 Since 2005, the company’s Engineering Conversion Programme has enabled experienced engineers from aerospace to automotive, and onshore construction to ex-military, to transfer their skills into oil...
	Extending asset life 20th August 2019 Nitrox diving system with gravity-based LARS installed on the Balmoral FPV for cost-effective asset-based activity rather than using a dive support vessel (DSV)Work from the FPV included diving through the...
	Shell invests in PowerNap subsea tie-back in Gulf of Mexico 15th August 2019 PowerNap is a subsea tie-back to the Shell-operated Olympus production hub. The project is expected to start production in late 2021 and produce up to 35,000 barrels of oil equivalent per day (boe/d) at...
	Well-Safe solutions awards two multi-million-pound contracts 15th August 2019 Global Energy Group and Rigfit7seas have been appointed to deliver the ambitious refurbishment of the semi-submersible drilling rig. Global Energy Group will provide quayside services and the paintwork...