Upstream News

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

	BP transforms its US onshore oil and gas business 27th July 2018 The acquisition will bring BP extensive oil and gas production and resources in the liquids-rich regions of the Permian and Eagle Ford basins in Texas and in the Haynesville gas basin in Texas and Louisiana...
	Total creates a digital innovation centre in India 19th July 2018 “For a large industrial group like Total, it is essential to always stay ahead of these topics”, said Marie-Noëlle Semeria, Senior Vice President and Group Chief Technology Officer at Total....
	Additional 12 million barrels gained from improvements to production efficiency 19th July 2018 The 1% improvement from 2016 helped contribute an additional 12 million barrels of oil equivalent (boe) in 2017; an additional 32,000 boe per day.The report, UKCS Production Efficiency in 2017, compares...
	BP’s ETAP hub celebrates 20 years of production 19th July 2018 ETAP, often regarded as one of the most ambitious and commercially complex developments in the North Sea, comprises multiple fields with varying ownership arrangements sharing a central processing facility...
	Shell completes sale of stake in Thailand’s Bongkot field to PTTEP 14th July 2018 This sale, which consists of Shell’s stake in Blocks 15, 16 and 17 and Block G12/48, was announced on 31 January 2018 and completion follows receipt of the necessary regulatory approvals. PTTEP is the...
	BP to increase share in UK’s giant Clair field and sell interest in Alaska’s Kuparuk field 13th July 2018 BP has entered into an agreement to purchase from ConocoPhillips a 16.5% interest in the BP-operated Clair field, west of Shetland in the UK, buying a ConocoPhillips subsidiary that will hold this interest...
	Baker Hughes wins large scope in Equinor’s drilling and well services contract 20th June 2018 This partnership aims to significantly improve operational efficiencies and reduce well costs over the life of the project through a holistic and collaborative development approach.BHGE secured a large...
	S-Cube XWI model looks set to be instrumental in development of one of the largest energy projects 15th June 2018 S-Cube XWI generates a 3D velocity model from seismic data which is the digital model at the heart of seismic derisking to evaluate the earth’s internal structures from probing prior to drilling.S-...
	OGTC backed project for TRAC & ToolTec reach key milestones 15th June 2018 Over the past eight months, TRAC and ToolTec have completed the first four phases of a major project, including onshore testing within an agreed timeline. The project is co-funded by the Oil & Gas...
	Shell adds competitive, deep-water production in Gulf of Mexico 6th June 2018 Shell has reduced costs by around 30% at this deep-water project since taking the investment decision in early 2017, lowering the forward-looking, break-even price to less than $30 per barrel of oil.“...