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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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4th March 2021 The Aberdeen-headquartered company has a strong pipeline of work for the year ahead with eight projects awarded in the last three months. The campaigns are a combination of new and extended contracts and...
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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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