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Upstream News

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

BP’s ETAP hub
19th July 2018

ETAP, often regarded as one of the most ambitious and commercially complex developments in the North Sea, comprises multiple fields with varying ownership arrangements sharing a central processing facility...
Thailand’s Bongkot field
14th July 2018

This sale, which consists of Shell’s stake in Blocks 15, 16 and 17 and Block G12/48, was announced on 31 January 2018 and completion follows receipt of the necessary regulatory approvals. PTTEP is the...
The giant Clair field west of Shetland
13th July 2018

BP has entered into an agreement to purchase from ConocoPhillips a 16.5% interest in the BP-operated Clair field, west of Shetland in the UK, buying a ConocoPhillips subsidiary that will hold this interest...
Equinor Troll production
20th June 2018

This partnership aims to significantly improve operational efficiencies and reduce well costs over the life of the project through a holistic and collaborative development approach.BHGE secured a large...
15th June 2018

S-Cube XWI generates a 3D velocity model from seismic data which is the digital model at the heart of seismic derisking to evaluate the earth’s internal structures from probing prior to drilling.S-...
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...
Graphic schematic of Kaikias in the U.S. 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.“...
Troll Phase 3 topside modification
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
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...

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