Upstream News

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

	OGTC backed project for TRAC & ToolTec reach key milestones 15th June 2018 Over the past eight months, TRAC and ToolTec have completed the first four phases of a major project, including onshore testing within an agreed timeline. The project is co-funded by the Oil & Gas...
	Shell adds competitive, deep-water production in Gulf of Mexico 6th June 2018 Shell has reduced costs by around 30% at this deep-water project since taking the investment decision in early 2017, lowering the forward-looking, break-even price to less than $30 per barrel of oil.“...
	Aker Solutions secures Troll Phase 3 topside modification contract 24th May 2018 The engineering, procurement, construction and installation (EPCI) contract is the company's latest award for work at phase 3 of the Troll development. Aker Solutions in January won work to provide the...
	Equinor awarded nine licences in the 30th Offshore Licensing Round 24th May 2018 “This strengthens our position as an ambitious UK explorer. We believe the UKCS is underexplored and anticipate that there are new discoveries yet to be made that can add value to our business and...
	Total signs agreement to develop integrated gas project In Oman 18th May 2018 Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and 75%, as per the agreement between both...
	Drilling permit for well 34/5-2 S in production licence 373 S 16th May 2018 Well 34/5-2 S will be drilled from the Scarabeo 8 drilling facility in position 61°43'31.17" North and 2°39'17.56" East.The drilling programme for well 34/5-2S relates to...
	PG to supply Polvo FPSO pumps 16th May 2018 PG Flow Solutions’ scope of work is the engineering, procurement, assembly of pump skid and commissioning of 2 x produced water booster pumps in super duplex materials, with 150kW electrical motors,...
	Wood and IBM partnership targets digital opportunities 11th May 2018 This multi-year strategic collaboration combines Wood’s engineering innovation and industry expertise with IBM’s advanced market leading technologies in areas such as artificial intelligence,...
	Well-Safe announces five P&A clubs to tackle late life activity challenge 3rd May 2018 The P&A club concept, launched at OTC by the Aberdeen-based well abandonment specialist, introduces a new commercial model that tackles costly and complex late-life activity. By becoming a member of...
	OTC 2018 - Ampelmann’s Nigerian growth ambitions continue 3rd May 2018 Ampelmann has secured two contracts with vessel owner L.A.T.C Marine Limited, on behalf of ExxonMobil, for the supply of two L-type gangway systems, offshore Nigeria.Following successful sea trials of the L...