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Upstream News

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

22nd March 2012

The UK government has agreed BP can begin deepwater drilling in the North Uist well, off the Shetland Islands. The announcement comes a day after the UK government pledged GBP 3bn in fresh allowances for...
21st March 2012

Good quality crude oil has been found in deep waters beneath pre-salt region of the Santos Basin, Brazilian oil giant Petrobras announced on 21 March.The discovery was found during drilling of a...
21st March 2012

China National Petroleum Corporation (CNPC) and Shell’s Chinese subsidiary have signed their first ever shale gas Production Sharing Contract (PSC).The state-controlled parent of Petrochina agreed with...
20th March 2012

The European Commission has granted French energy giant Total permission to acquire a 20.5 per cent stake in a hydrocarbon exploration project in the Russian Arctic.  Total will share its...
20th March 2012

Siemens is buying up part of UK oil and gas specialist company, Expro Holdings UK, to meet the industry's growing demand for underwater power lines.Around EUR 470m will be invested in the Connectors and...
19th March 2012

Oil and gas exploration company, Serica energy, has signed a contractwith marine geophysical company, Polarcus Seismic Limited, to survey an area offshore Namibia.A 10-streamer vessel Polarcus Nadia will be...
14th March 2012

Helix Energy Solutions Group Inc. (Helix), a market leader in subsea well intervention services, has agreed to pay Jurong Shipyard USD 385.5m to build a semi-submersible well intervention rig, scheduled for...
Offshore oil rig
14th March 2012

A first full-bore, straight-through, pressure-balanced hot stab has been put forward for a series of subsea injection and pumping projects in the Gulf of Mexico.The product is based on patented...
Deepwater drilling
14th March 2012

Operator Anadarko Petroleum and co-owners Shell and Chevron have announced the beginning of first production from the Caesar Tonga deep-water project in the Gulf of Mexico.The project will boost existing...
Shale pipeline
13th March 2012

The natural gas industry is technologically capable of tapping vast shale gas resources in the US, but it is unclear if all companies can successfully manage the complex array of environmental and social...

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