Browse the latest upstream news news and articles.
CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Roc Oil (Bohai) Company (Roc Oil) and Smart Oil Investment Ltd. (Smart Oil) for Weizhou 10-3W oilfield and Block 22/04 (contract area) in the South China Sea.
Otto Energy Limited provides the following update on field production and specifically well performance of the SM 71 F2 well at its South Marsh Island 71 project in the Gulf of Mexico.
Videotec has extended the range of cameras that include the new DELUX imaging and encoding technology. It can now be found in models designed for surveillance in the marine and oil and gas sectors, and significantly improves the day and night vision and competitiveness of these products.
Al Yasat Company for Petroleum Operations (Al Yasat), a subsidiary of the Abu Dhabi National Oil Company (ADNOC) has awarded the Engineering, Procurement and Construction (EPC) contract, for the full development of the offshore Bu Haseer field, to Abu Dhabi’s National Petroleum Construction Company (NPCC).
New alloy has improved strength and ductility properties – enhanced machinability, less tool wear.
MODEC, Inc. has announced that its subsidiary, MODEC International Inc., has been awarded a contract by ConocoPhillips Australia, as operator of the Barossa joint venture, for the Front End Engineering Design (FEED) of a Floating Production Storage and Offloading (FPSO) vessel for Australian waters.
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 6307/1-1 S, cf. Section 15 of the Resource Management Regulations.
The company will put the spotlight on how the oil and gas industry will continue to play a major role in the world's energy mix, reliably providing much needed resources and products in a world of growing demand for energy.
The company will design and manufacture 10 fully-rotational torque machines and five high-torque stroking machines for a range of clients who are either expanding into new locations or replacing ageing equipment.
The well T-39, the third well of the three-well drilling campaign at the Company's Taribani complex, situated within the Block 12 license in Georgia, has been sidetracked from the existing wellbore and drilled to a vertical depth of 2800 m into the Eldari A formation.
Following FEED and subject to requisite government approvals, project sanction and an authorisation to proceed with the next phase, SBM Offshore will construct, install and then lease and operate the FPSO for a period of up to 2 years.
The capital expenditures for the project are estimated at NOK 7.8 billion, helping extend the productive life of the Troll field beyond 2050.