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Upstream News

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

25th April 2012

Indian oil giant ONGC has teamed up with a Vietnamese company to launch joint exploration for oil in the South China Sea despite objections from China, a top company official said on Tuesday."There is...
25th April 2012

French energy giant Total and partners of the Bongkot Joint Venture have begun production from the Greater Bongkot South (GBS) gas and condensate field in the Gulf of Thailand.The Joint Venture is operated...
19th April 2012

More than 20 per cent of the world's undiscovered, technically recoverable conventional oil is in South America and the Caribbean, according to the US government.A report from the US Geological Survey on...
18th April 2012

China will likely auction exploration rights for 20 shale-gas blocks in July and August, with 17 companies apparently planning to submit bids, China Securities Journal reported Wednesday, citing...
17th April 2012

Oilfield expert, Aker Solutions has entered a long-term agreement with Statoil to provide a full range of heavy well intervention and light drilling services on the Norwegian continental shelf.The contract...
16th April 2012

Total plans to spend over USD 300m in 2012 on exploration in Uganda where small-scale commercial oil production is expected to begin later this year, Reuters reported.Total, China National Offshore Oil...
13th April 2012

Petrobras has discovered a new good quality oil accumulation at a well to the north of Lula field, in the Santos Basin pre-salt cluster, the Brazilian oil giant announced on 13 April.The new well, known as...
13th April 2012

A Latin American subsidiary of Russia’s third biggest lender will operate two oil fields in northwestern Venezuela in a joint venture with Corporacion Venezolana del Petroleo, or CVP, the government said....
12th April 2012

Global offshore design company, Keppel Offshore & Marine Ltd has agreed with Brazilian drilling-rig holding Sete Brazil to construct five semisubmersible deepwater drilling rigs designed to make the...
11th April 2012

China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Eni China B.V. for a deepwater block in South China Sea, it announced on 11 April.The block “30/27” is...

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