Upstream News

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

	Oil production costs reach new lows boosting deepwater prospects 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...
	FutureOn advances next generation of digital twin solutions for oil and gas 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...
	Partnership set to promote AI awareness in energy and industrial sectors 22nd October 2020 Additionally, The Carnrite Group will receive IP licensing rights to Beyond Limits’ cutting-edge Cognitive AI technology, providing customers with direct access to Beyond Limits’ solutions....
	Enpro Subsea enables safe removal of ‘attic’ oil from Brent Bravo’s concrete cells 22nd October 2020 The recent campaign on Shell UK Limited (Shell) Brent Bravo concrete structure was completed with no safety incidents, ahead of schedule and within budget.Enpro’s patented technology enabled the safe...
	Digital technologies boosts earnings at Johan Sverdrup 5th October 2020 Digital solutions help increase subsurface understanding, ensure more efficient start-up of wells, higher stable production and more efficient maintenance.“Our experience shows that digital tools have...
	Aker Solutions to Provide Subsea Production System for Tommeliten Alpha Development in Norway 1st October 2020 The scope of work covers a complete subsea production system including 10 vertical subsea trees, two manifolds, wellheads, satellite structures, control systems and tie-in equipment."We look forward to...
	Equinor transfers operatorship of Bressay project to EnQuest 31st July 2020 The initial consideration is GBP 2.2 million, payable as a carry against 50% of Equinor’s net share of costs, with a contingent consideration of USD 15 million following authority approval of a field...
	Production ramp-up on Iara with the start-up of second FPSO 26th June 2020 With a productive capacity of 150,000 barrels of oil per day, this new unit double the overall production capacity of the Iara cluster – initiated in November 2019 on the Berbigão field with the FPSO...
	Total and Sonatrach extend their LNG partnership in Algeria 25th June 2020 Total and Sonatrach have signed an agreement renewing their partnership in the field of liquefied natural gas (LNG).This agreement notably makes it possible to extend the supply of Algerian LNG to the...
	Submitting plan for development and operation for Hod 24th June 2020 The Hod field will be developed in collaboration with Aker BP’s alliance partners with a normally unmanned installation remotely controlled from the Valhall field centre, with very low CO2 ...