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Upstream News

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

21st June 2012

Total cost of the operations in Russia’s arctic shelf might reach USD 400 billion, according Igor Sechin, President of Russia’s state major Rosneft."According to a preliminary estimate, total operations in...
21st June 2012

China has spent nearly USD 1 billion on an ultra-deepwater rig that appears intended to explore disputed areas of the South China Sea, according to reports.The area is one of Asia's most volatile hotspots...
19th June 2012

One of the greatest engineering design problems faced by deep well oil exploration and drilling operations is protecting instrumentation from extreme conditions of temperature, pressure, corrosion, and...
18th June 2012

Shell's Nigeria operation is working on selling three oil blocks in its latest move to divest some onshore assets, a spokesman said on Friday. The sales follow similar divestments over the past two years....
18th June 2012

Exxon Mobil has decided not to go ahead with its shale gas exploration projects in Poland because its test wells failed to produce commercial quantities of gas, daily Gazeta Wyborcza reported in its weekend...
15th June 2012

Abu Dhabi National Oil Company (Adnoc) and China National Petroleum Corporation (CNPC) are expected to start detailed talks next month building on a strategic cooperation agreement signed in January during...
14th June 2012

Bulgaria's parliament eased a ban on hydraulic fracturing on Thursday to make it easier to allow exploration for conventional natural gas.In January, the country banned exploration for shale oil and gas...
14th June 2012

Schlumberger announced today the release of the Mangrove reservoir-centric stimulation design software that enables better decision making for well completion and fracturing programs. Developed on the...
13th June 2012

The US is seeing a dramatic surge in oil and gas production and could overtake the world's biggest producers, Russia and Saudi Arabia, in another decade, a US official said."Some of the numbers are eye-...
12th June 2012

BP has begun the initial start-up of the Galapagos development in the deepwater US Gulf of Mexico, one of a series of new major upstream projects that the company expects to bring into production this year...

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