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Upstream News

13th March 2012

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

Latest Upstream News:

The P-54 FPSO on the Roncador Field
Statoil and Petrobras have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil. - 19th December 2017
Thanks to the results of this well and the revision of the reservoir models of the Amoca and Miztón fields, the hydrocarbon in place estimate for Area 1 is boosted from 1.4 to 2.0 billion barrels (Bboe), of which approximately 90% oil and the remaining associated gas. - 19th December 2017
The subsea Maria field in the Haltenbanken area
Project costs for subsea field reduced by more than 20% / Production in Norway to increase to more than 100,000 barrels oil equivalent per day - 19th December 2017
2nd December 2017

New survey findings from Petrotechnics, the developer of the hazardous industries’ first operational excellence software platform, reveals that operational efficiency (OE) remains central to firms’ enterprise-wide strategies and is now delivering tangible results.
29th November 2017

Rystad Energy’s comprehensive well data for the United States shows that domestic oil production could pass 9.9 million barrels per day in December 2017. For comparison, the EIA estimates oil production will reach just 9.72 million barrels per day in its September Short-Term Energy Outlook (STEO).
19th November 2017

The Industry Technology Facilitator (ITF) and Norwegian Energy Partners (NORWEP) are hosting joint technology hackathon events later this month to collectively tackle operator late life and decommissioning challenges.