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Upstream News

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

8th March 2021

The contract is expected to commence in April 2021, with an estimated duration of 45 days. The contract value is approximately USD 4.5m.Prior to commencement of the contract, Maersk Resolute will be...
4th March 2021

The scope of work covered engineering support, on-site project management and the supply of equipment and services to carry out testing and transpooling of 6” static flowlines, stored in Port of Blyth...
hydraulic inspection
4th March 2021

The Aberdeen-headquartered company has a strong pipeline of work for the year ahead with eight projects awarded in the last three months. The campaigns are a combination of new and extended contracts and...
2nd March 2021

The combined force will maximise the potential of Ocean Infinity’s fleet of Autonomous Underwater Vehicles (AUVs), and the soon to be launched Armada fleet of uncrewed, low-emission, robotic ships....
2nd March 2021

The transaction will result in a leading equipment provider with integrated delivery capabilities, financial strength, and flexibility to address a full range of customer priorities. The Company will be...
25th February 2021

PC North Madura II Ltd. is the operator with 100 per cent participating interest in the North Madura II PSC. The Hidayah-1 exploration well was spudded on 7 January 2021 and safely drilled to a depth...
24th February 2021

The sale price of more than $1 billion is subject to closing adjustments, and has additional upside of approximately $300 million in contingent payments based on potential for increase in commodity prices....
24th February 2021

PTT Exploration and Production Public Company Limited, through its wholly-owned subsidiary PTTEP HK Offshore Limited (Malaysia Branch) or PTTEP HKO, announced a successful gas discovery from the first...
23rd February 2021

Gjøa P1 has been developed via a new subsea template, tied back to existing infrastructure on the Gjøa field. It is a two well development with one oil and one gas producer. As planned, the gas well came...
18th February 2021

SAEV’s investment was part of a $5m funding round which also included investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine...

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