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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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2nd March 2021 The combined force will maximise the potential of Ocean Infinity’s fleet of Autonomous Underwater Vehicles (AUVs), and the soon to be launched Armada fleet of uncrewed, low-emission, robotic ships....
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2nd March 2021 The transaction will result in a leading equipment provider with integrated delivery capabilities, financial strength, and flexibility to address a full range of customer priorities. The Company will be...
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25th February 2021 PC North Madura II Ltd. is the operator with 100 per cent participating interest in the North Madura II PSC. The Hidayah-1 exploration well was spudded on 7 January 2021 and safely drilled to a depth...
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24th February 2021 PTT Exploration and Production Public Company Limited, through its wholly-owned subsidiary PTTEP HK Offshore Limited (Malaysia Branch) or PTTEP HKO, announced a successful gas discovery from the first...
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24th February 2021 The sale price of more than $1 billion is subject to closing adjustments, and has additional upside of approximately $300 million in contingent payments based on potential for increase in commodity prices....
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23rd February 2021 Gjøa P1 has been developed via a new subsea template, tied back to existing infrastructure on the Gjøa field. It is a two well development with one oil and one gas producer. As planned, the gas well came...
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18th February 2021 SAEV’s investment was part of a $5m funding round which also included investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine...
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18th February 2021 The acquisition deepens Baker Hughes’ industrial asset performance management (APM) capabilities and will expand the company’s industrial asset management offerings.APM solutions leverage data...
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17th February 2021 Since arriving in Brunei Darussalam in autumn 2017, Maersk Convincer has consistently been one of the best performing drilling rigs in Shell’s employ. Maersk Drilling’s successful customer...
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15th February 2021 The partnership will work together to offer the owners of oil and gas discoveries near Repsol Sinopec’s existing North Sea infrastructure hubs an integrated, technically robust and commercially...
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