Upstream News

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

	Tendeka and Northern Solutions sign Alaskan services agreement 11th February 2021 The two companies have previously worked together on several projects in Alaska which contributed to the introduction and ongoing success of Tendeka’s FloSure Autonomous Inflow Control Devices (...
	bp to sell 20% stake in Oman‎’‎s Block 61 to PTTEP 3rd February 2021 ‎Following completion of ‎the sale, bp will remain operator of the block, holding a 40% interest.‎‎Subject to approval from the Sultanate of Oman and partners, the deal is expected to...
	Halliburton to Provide Digital Solutions for Kuwait Oil Company 3rd February 2021 It will allow KOC to accelerate their data-to-decisions cycle by designing and operating digital twins of the field to automate work processes, supported by DecisionSpace® 365, a cloud-based...
	Aker BP awarded 10 licenses in APA 2020 21st January 2021 Of the 10 production licenses awarded to Aker BP, 7 are located in the North Sea (all as operator) and 3 in the Norwegian Sea (1 as operator). We are very ...
	Coretrax celebrates first deployment of expandable drilling liner in Norway 12th January 2021 The move has allowed the business to deliver and deploy novel technology and specialist personnel from local bases, significantly reducing the logistics, cost and carbon footprint of travelling from the US....
	Future Oil & Gas accelerates digital transformation 4th December 2020 Exploring how digitalisation, disruption and innovation are shaping the upstream oil and gas industry, speakers analysed the challenges and opportunities of digital transformation with a focus on IoT, AI,...
	Petrobras purchases FPSO P-71 and ponders development plan for Tupi 29th October 2020 It was also agreed to prepare a new Development Plan (DP) for the Tupi field, where the FPSO would originally be used.Petrobras' disbursement estimated in the transaction will be $353 million,...
	Groundbreaking new app details every energy resource in the North Sea 29th October 2020 The game-changing app shows the proximity of existing oil and gas infrastructure to wind farms, electrical cables and carbon capture and storage (CCS) sites, which will assist in gauging the potential for...
	BP starts gas production from Qattameya field 29th October 2020 Through BP’s joint venture, Pharaonic Petroleum Company (PhPC), the field, which is ‎expected to produce up to 50 million cubic feet of gas per day, has been developed ‎through a one-well...
	Oil production costs reach new lows boosting deepwater prospects 22nd October 2020 This means that oil is much cheaper to produce now compared to six years ago, with the clear cost savings winner being new offshore deepwater developments.“The cost of supply curve for liquids now...