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Upstream News

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

3rd February 2021

‎Following completion of ‎the sale, bp will remain operator of the block, holding a 40% interest.‎‎Subject to approval from the Sultanate of Oman and partners, the deal is expected to...
3rd February 2021

It will allow KOC to accelerate their data-to-decisions cycle by designing and operating digital twins of the field to automate work processes, supported by DecisionSpace® 365, a cloud-based...
Evy Glørstad, Senior Vice President Exploration and Reservoir in Aker BP.
21st January 2021

Of the 10 production licenses awarded to Aker BP, 7 are located in the North Sea (all as operator) and 3 in the Norwegian Sea (1 as operator). We are very ...
ReLineDL open-hole expandable liner brings old well back to life
12th January 2021

The move has allowed the business to deliver and deploy novel technology and specialist personnel from local bases, significantly reducing the logistics, cost and carbon footprint of travelling from the US....
4th December 2020

Exploring how digitalisation, disruption and innovation are shaping the upstream oil and gas industry, speakers analysed the challenges and opportunities of digital transformation with a focus on IoT, AI,...
29th October 2020

It was also agreed to prepare a new Development Plan (DP) for the Tupi field, where the FPSO would originally be used.Petrobras' disbursement estimated in the transaction will be $353 million,...
29th October 2020

The game-changing app shows the proximity of existing oil and gas infrastructure to wind farms, electrical cables and carbon capture and storage (CCS) sites, which will assist in gauging the potential for...
29th October 2020

Through BP’s joint venture, Pharaonic Petroleum Company (PhPC), the field, which is ‎expected to produce up to 50 million cubic feet of gas per day, has been developed ‎through a one-well...
22nd October 2020

This means that oil is much cheaper to produce now compared to six years ago, with the clear cost savings winner being new offshore deepwater developments.“The cost of supply curve for liquids now...
22nd October 2020

FutureOn and Bentley Systems will combine FutureOn’s award-winning field design application (FieldAP) and its API-centric collaboration platform (FieldTwin) with Bentley’s iTwin platform to...

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