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Upstream News
Global coverage of exploration and production, field development, shale, fracking and other upstream sector developments
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27th April 2020 Reflecting recent significant market volatility and oil price falls, BP and Hilcorp have successfully renegotiated the financial terms of the deal to respond to the current environment. ...
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27th April 2020 Jakob Haldorsen has joined MagiQ Technologies as Scientific Advisor and Director of Business Development. Mr. Haldorsen will lead the MagiQ Technologies’ team in developing new methodologies for...
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23rd April 2020 The overall consideration paid by Total to Tullow will be $575M, with an initial payment of $500M at closing and $75M when the partners take the Final Investment Decision to launch the project. In addition...
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22nd April 2020 “The acceleration of production from Ærfugl Phase 2 means increased value creation for the Ærfugl joint venture, the supplier industry and the Norwegian society in the form of increased revenues. Thus...
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3rd April 2020 Total and Apache Corporation have announced a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. The well was drilled using the Noble Sam Croft with...
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24th March 2020 CUI, a type of corrosion which arises when water becomes trapped between insulation and the piping and vessels it is designed to protect, has contributed to more than 20% of all major oil and gas accidents...
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24th March 2020 The scope of the Chevron agreement includes the delivery of engineering, design and manufacturing of dynamic and static control umbilicals, dynamic and static power umbilicals, and service and installation...
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18th March 2020 As part of the work-scope Unity will deliver surface wellhead and Xmas tree maintenance services offshore, covering around one hundred wells, as well as providing onshore equipment testing, repair,...
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5th March 2020 Over the next three years, the existing frame agreement will see Tendeka deliver its sand screens and FloSure Autonomous Inflow Control Devices (AICDs) to Aker BP’s fields on the Norwegian...
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5th March 2020 In 2018, the two companies and Cognite, a global AI software company enabling the full-scale digital transformation of heavy-asset industries, embarked upon a digital pilot effort for predictive maintenance...
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