Upstream News

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

	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...
	Upstream sector emerging as the epicentre for Industrial Internet adoption 15th August 2019 This is driven by the need to reduce operational risks and maximizing returns from their assets through digitialisation, according to GlobalData, a leading data and analytics company.The company’s...
	FPSO market is booming with Brazil fuelling demand 15th August 2019 South America leads the pack with 12 sanctioned FPSO projects planned by the end of next year, followed by Asia with four, Europe and Africa with three each, and two more in Australia, according to Rystad...
	OGIC and The University of Aberdeen to give boost to drilling innovations 14th August 2019 OGIC has provided a total of £640,000 of co-funding for the seven projects which will see the CADR team partner with five companies to develop innovations including an automated programme for testing...
	Amplus Energy awarded first major contract in Angola 8th August 2019 Aberdeen-based floating production solutions specialist Amplus Energy Services has been awarded a multi-million-dollar contract to re-evaluate the development of marginal fields in Angola.The aim of the...
	Neptune Energy acquires interests in Kutei Basin from ENI 29th July 2019 Neptune Energy has announced it has agreed to acquire interests from Eni in the Kutei basin Production Sharing Contracts (PSC), offshore Indonesia.The agreement will see Neptune acquire a 20 per cent...
	Discoveries up 35 per cent with deepwater leading the way 29th July 2019 The 1,123 million boe average monthly discovered volumes year-to-date reflect an approximate 35% uplift compared to the 827 million boe seen in 2018. So far, 2019 has been a year of gas discoveries, which...
	Guyana has limited scope to increase royalties while maintaining competitiveness 29th July 2019 If Guyana goes ahead with its plan of increasing the royalties in its production sharing agreements (PSAs), the scope for adjustment will be limited if it wishes to retain its regional competitiveness....
	Verotec helps keep North Sea oil platform safe 25th July 2019 Oil rigs in the North Sea are located in some of the most inhospitable environmental conditions to be found, adding to the issues faced by operators in ensuring 24/7/365 operation. Verotec has recently...
	Total divests assets in the UK to Petrogas 21st July 2019 Petrogas has partnered with Norway-based private equity investor HitecVision.Formerly owned by Maersk Oil, these assets are located in the Eastern North Sea. The overall consideration for this deal amounts...