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Upstream News

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

9th February 2018

At the current oil price, 1.5 billion barrels in small pools in the basin are potentially economic. Wood Mackenzie and the Oil & Gas Technology Centre announced today that developing new subsea...
8th February 2018

The four-year contract is valued at about NOK 800 million and includes an option for a one-year extension. The order covers a range of services to renovate, repair and upgrade the floating production...
Chevron announces major oil discovery in deepwater Gulf of Mexico
7th February 2018

Chevron Corporation has announced a significant oil discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico.Ballymore is located in the Mississippi Canyon area of the U.S. Gulf of Mexico,...
6th February 2018

Quantico Energy Solutions (Quantico), a leader in artificial intelligence (AI) solutions for the Upstream segment of the oil and gas industry, and TARGET, an oilfield services company specializing in...
6th February 2018

The deal , a continuation of previous work for Quadrant Energy, begins in March 2018.The agreement - with the project scope and engineering consultancy coordinated out of Perth - will enable Quadrant to...
6th February 2018

Imaging efforts will focus on gaining a better understanding of the facies distribution of the Meramec, Osage and Woodford play intervals. A preliminary prestack time-migrated (PSTM) product is due for...
North Sea exploration success for BP
5th February 2018

The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland. BP is 100% owner of Capercaillie and the Achmelvich well partnership comprises BP...
5th February 2018

These agreements come after entering into an option agreement for the nearby Orinduik Block. Subject to the approval of relevant authorities, Total will thus own exploration rights to an area covering over...
Injection process
2nd February 2018

Injection wells have a dual role to play in helping operators squeeze more from existing assets. Injectors provide pressure support to aging reservoirs as formation pressure falls following years of...
31st January 2018

Following a 14,500 nautical mile journey from South Korea, the 24,000 ton topside for the Aasta Hansteen platform was towed from Ølensvåg to Stord on the west coast of Norway. At Stord it was floated...

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