Upstream News

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

	Event to showcase North East England subsea capabilities 31st May 2019 Organised by industry body Subsea UK in partnership with the Oil and Gas Authority (OGA), the Subsea Supply Chain Capability Showcase will take place from the 12 June, at the Crowne Plaza hotel, Newcastle....
	WFS Technologies unveils new Seatooth® Assure Riser Monitor 30th May 2019 The new products allow for the measurement of 9-axis motion (vibration, orientation), local analytics and the reporting of real-time information through the water-air boundary with WFS’ patented...
	Seven Vega 28th May 2019 Stuart Fitzgerald, Executive Vice President Strategy and Commercial Subsea 7 said: “The vessel marks an important investment for the future. When delivered in early 2020, SEVEN VEGA will be one of the...
	Equinor awards NOK 700 million Johan Sverdrup contract 23rd May 2019 Awarded under an already existing framework agreement for operations the contract has an estimated value of more than NOK 700 million. This includes both ordinary operations and maintenance work, and work...
	BP approves Thunder Horse South Expansion Phase 2 23rd May 2019 The project will further boost output at one of the largest oil fields in the Gulf of Mexico and marks BP’s latest major investment in the U.S. offshore region.The project is expected...
	Rovuma LNG Development Plan Approved by Mozambique Government 23rd May 2019 This project will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique, two of which straddle the boundary with neighbouring Area 1.“The...
	Total agrees with Occidental to acquisition of Anadarko's assets in Africa 23rd May 2019 The transaction is contingent upon Occidental entering into and completing its proposed acquisition of Anadarko and to approval by the relevant authorities and is expected to close in 2020. “If...
	SKK Migas Adopts Halliburton Landmark Software 21st May 2019 SKK Migas adopted the DecisionSpace® suite of software to improve exploration and production efficiency through data analytics, integration and cross-disciplinary collaboration.Landmark met SKK Migas...
	CGG Multi-Physics Releases MagCube Models for Directional Drilling over Seven Onshore US Basins and Shale Plays 20th May 2019 CGG’s MagCube magnetic referencing system combines a global geomagnetic reference model with local magnetic survey data to deliver declination (dip), inclination, and total field values at depth....
	Physics-Based AI Software Company Joins Cottonwood Venture Partners' Leading Digital Oilfield Portfolio 20th May 2019 Tachyus, a provider of data-driven production optimization software to the oil and gas industry, announced today that it has closed a Series B funding round led by Cottonwood Venture Partners (“CVP...