Upstream News

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

	Shell completes sale of stake in Thailand’s Bongkot field to PTTEP 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...
	BP to increase share in UK’s giant Clair field and sell interest in Alaska’s Kuparuk field 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...
	Baker Hughes wins large scope in Equinor’s drilling and well services contract 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...
	S-Cube XWI model looks set to be instrumental in development of one of the largest energy projects 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-...
	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...