Upstream News

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

	Equinor contracts third Odfjell rig for North Sea drilling 26th May 2021 The contract value is estimated at around USD 40 million for the fixed part of the contract. Drilling services and other additional services, such as running casing, treatment of wastewater, handling of...
	Subsea 7 awarded contract offshore Brazil 24th May 2021 The contract is worth between $500m and $750m.The contract scope includes engineering, fabrication, installation and pre-commissioning of 80 kilometres of rigid risers and flowlines for the steel lazy wave...
	Total Signs 5-year LNG Supply Agreement with ArcelorMittal Nippon Steel 20th May 2021 The LNG will be sourced from Total’s global portfolio and offloaded either in Dahej or Hazira LNG Terminal, on the West Coast of India. AMNS will use the LNG to run its steel and power plants located...
	Westwood: Record number of FPSO licenses set to expire in 2022 19th May 2021 New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals the number of FPSO leases set to expire in 2022 is significantly higher than...
	TechnipFMC Awarded a Significant Subsea Contract for Ithaca Energy’s Captain EOR Project 18th May 2021 TechnipFMC will design, manufacture, deliver and install subsea equipment including a rigid riser caisson, water injection flexible flowline, umbilicals and associated equipment.Jonathan Landes, President...
	Maersk Drilling divesting jack-ups Maersk Guardian and Mærsk Gallant 17th May 2021 The total sales price for the two rigs is USD 31m in all-cash transactions.The new owner will use the rigs for non-drilling purposes as part of their planned Fast LNG project.“These transactions will...
	Equinor and Sonatrach sign memorandum of understanding 17th May 2021 The signing of the MoU strengthens the existing partnership between Equinor and Sonatrach. The MoU also includes cooperation within greenhouse gas emissions and carbon management, industrial safety...
	Equinor signs deals with startups from the Equinor and Techstars Energy Accelerator 12th May 2021 Equinor Ventures has signed a Letter of Intent (LOI) with f3nice, an Italian additive manufacturing company. F3nice’s technology will source metal scrap and disused parts and convert this into metal...
	Zenith Energy secures west African contract 22nd April 2021 The agreement is for the provision of drilling and completion engineering and ad-hoc support services for the Sangomar Field Development offshore Senegal and is set to see Zenith create in excess of 25 jobs...
	HPR ROV Increases International Footprint with KSA Partnership 31st March 2021 The agreement, which reflects the Aberdeenshire company’s international growth strategy, will see i-Energy act as exclusive agents for HPR ROV in the region, enabling the firm to offer its full suite...