Upstream News

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

	Schlumberger and Subsea 7 announce intent to form a joint venture 23rd February 2018 Subsea Integration Alliance currently combines the subsurface expertise, subsea production systems (SPS) and subsea processing systems of OneSubsea with the subsea umbilical, riser and flowline systems (...
	Further support for US expansion of oil and gas production 15th February 2018 The net impact of the bill is obviously still up for academic debate, but most believe that this will certainly be a net positive – at least to the corporate bottom line, if not overall economic...
	Statoil awards Kværner the contract for the Johan Castberg topsides 14th February 2018 The contract has a total value of about NOK 3.8 billion. The development work will take place at several yards along the Norwegian coast. “This is one of the large pieces of the Johan...
	Eni enters in Lebanon signing two Exploration and Production contracts 14th February 2018 The agreements are the result of the first International Competitive Offshore Licensing Round launched by Lebanese Petroleum Authority.The agreements open the way for the exploration of the Offshore of...
	Technology Centre celebrates first year with £37 million co-invested 14th February 2018 £37 million co-invested to develop and deploy new technology200 start-ups and SMEs compete for TechX funding and supportMachine learning ideas could help unlock untapped reservesWith more than 80...
	Siemens to supply compression train for Johan Castberg FPSO project 13th February 2018 • First offshore application for the SGT-750 gas turbine• Contract booked as part of Siemens Frame Agreement with StatoilThe project represents the first offshore...
	BP begins production from Egypt’s Atoll gas field seven months ahead of schedule 13th February 2018 The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost estimate.The project is now producing 350 million cubic feet...
	Hempel rolls out versatile and fast-drying cargo tank coating for the offshore oil & gas industry 13th February 2018 Designed specifically for Floating Production Storage and Offloading (FPSO) cargo tank protection, Hempadur 15600 is International Maritime Organization (IMO) Performance Standard for Protective Coatings (...
	Eigen Delivering Enhanced Operational Management at Goliat 13th February 2018 Working with ENI Norge, the Barents Sea project will greatly increase the visibility of real-time asset-integrity and risk-stance. This will help operations to reduce the risk of safety incidents and...
	Total strengthens its position in the Mediterranean region 12th February 2018 These agreements provide for the drilling of at least one well per block in the first three years.“An established player in Lebanon’s marketing sector, Total is delighted to expand its presence...