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Upstream News

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

Russian drilling in Cuba delayed by US embargo
13th July 2012

Russian oil firm, Zarubezhneft’s plans to explore its first well off the northern coast of Cuba have been halted, following reports that its rig is in violation of a five-decade US economic blockade on the...
13th July 2012

Public and private firms will invest PLN 1 billion (USD 290m) in financing projects aimed at developing Polish shale gas production technologies, according to reports this week.One quarter each will...
12th July 2012

Anton Oilfield Services Group has taken a stake in Schlumberger as part of plans to develop shale gas in China, according to reports this week.The North American oilfield services company wants to...
Brazilian river basin rich in natural gas
11th July 2012

"No dry holes" have been drilled by oil companies in Brazil's onshore São Francisco Basin, an official from the country’s National Agency of Petroleum, Natural Gas and Biofuels said on Wednesday."They all...
US oil giant kicks off production at South African offshore project
9th July 2012

A US oil giant has started offshore oil production in Angola, South Africa. ExxonMobil’s subsidiary Esso Exploration Angola (Block 15) has began oil production at the Kizomba Satellites Phase 1 project...
The oil and gas technology centre will be built in Brazil
5th July 2012

Clariant Oil Services, of Swiss global chemical company Clariant, are to open a technology centre in Brazil. This centre will be the first in Latin America to focus on R&D for the oil and gas industries...
Songa Mercur is currently on its way from Malaysia to Trinidad
5th July 2012

A new Russian drilling project is headed for Cuba as state owned Moscow company, Zarubezchneft, send hired rig to probe undersea oil fields. The rig was hired from Songa Offshore SE, Oslo, for $88 million....
Shale gas reserves will be auctioned
5th July 2012

Wang Dawei, official at the Ministry of Land and Resources, has recently revealed that a second auction of Chinese shale gas reserves will be held in July. Already more than 70 companies, about a third...
3rd July 2012

GE and OJSC Rosneft have signed an agreement to jointly evaluate and develop commercial opportunities in oil and gas exploration and production in the Russian Federation.“GE Oil & Gas has...
29th June 2012

More than 70 companies have expressed interest in participating in a Chinese shale gas tender, a third of which are private enterprises, according to reports.Zhang Dawei, head of oil and gas strategy centre...

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