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Upstream News

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

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...
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....
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...
Johan Sverdrup operators use tablets in their daily work
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...
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...
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...

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