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

Latest Upstream News:

Hyundai Heavy Industries has selected subsea cables from Nexans to deliver power for the new offshore super complex serving Abu Dhabi’s Nasr oil field - 3rd September 2015
Okhotsk Sea
Magadanmorneftegaz, Lisyanskmorneftegaz (joint ventures of Rosneft and Statoil) and China Oilfield Services Limited (COSL) have signed a contract to drill two exploration wells in 2016. The wells will be drilled in the Magadan-1 and Lisyansky areas of the Okhotsk Sea. - 2nd September 2015
The Culzean field in the North Sea
Production on the largest new oil and gas field to have been discovered in the North Sea for a decade has been approved by the UK Oil & Gas Authority - 1st September 2015
28th August 2015

The combined package is the largest single award in the history of McDermott’s Middle East Area and follows signing of a Long Term Agreement in June 2015
27th August 2015

Norwegian research firm Rystad Energy says a Brent price as low as 50USD/BBL is not sustainable beyond 2016
27th August 2015

Statoil has been granted a permit by the Norwegian Petroleum Directorate to drill a wildcat at the Gasol/Gretel prospect in the Norwegian sector of the North Sea.