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Upstream News

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

23rd June 2021

Manuel includes a new subsea production system for two new wells tied into the Na Kika platform. The wells are expected to boost gross platform production by an estimated 20,100 barrels of oil equivant a...
2nd June 2021

The latest Future offering from Cavendish, Future Digital Twin, was launched as a direct response to the high level of delegate interest generated during the digital twin technology streams at Future Oil...
26th May 2021

The contract value is estimated at around USD 40 million for the fixed part of the contract. Drilling services and other additional services, such as running casing, treatment of wastewater, handling of...
24th May 2021

The contract is worth between $500m and $750m.The contract scope includes engineering, fabrication, installation and pre-commissioning of 80 kilometres of rigid risers and flowlines for the steel lazy wave...
20th May 2021

The LNG will be sourced from Total’s global portfolio and offloaded either in Dahej or Hazira LNG Terminal, on the West Coast of India. AMNS will use the LNG to run its steel and power plants located...
19th May 2021

New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals the number of FPSO leases set to expire in 2022 is significantly higher than...
18th May 2021

TechnipFMC will design, manufacture, deliver and install subsea equipment including a rigid riser caisson, water injection flexible flowline, umbilicals and associated equipment.Jonathan Landes, President...
17th May 2021

The signing of the MoU strengthens the existing partnership between Equinor and Sonatrach. The MoU also includes cooperation within greenhouse gas emissions and carbon management, industrial safety...
17th May 2021

The total sales price for the two rigs is USD 31m in all-cash transactions.The new owner will use the rigs for non-drilling purposes as part of their planned Fast LNG project.“These transactions will...
12th May 2021

Equinor Ventures has signed a Letter of Intent (LOI) with f3nice, an Italian additive manufacturing company. F3nice’s technology will source metal scrap and disused parts and convert this into metal...

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