Browse the latest upstream news news and articles.
Expro has been awarded a substantial contract from global oil and gas company Maersk Oil for the provision of subsea and well test services on two offshore units in the North Sea.
ION Geophysical Corporation has announced a new 3D multi-client broadband reimaging programme offshore Brazil.
Centrica North Sea Limited (Centrica) has awarded HydraWell a three-year frame contract to provide plug & abandonment (P&A) technology and services for the operator’s “A Fields” in the southern part of the North Sea.
Publicly traded E&Ps and service companies are entering a Q2 earnings season anticipating a slowdown across the unconventional plays.
BP’s profit for the second quarter and half year was US$144 million and US$1593 million respectively, compared with a loss of US$1419 million and a loss of US$2002 million for the same periods in 2016.
McKinsey Energy Insights has released its latest Global Gas Market Outlook, in which the company predicts that natural gas will represent 23% – up from 22% in 2016 – of the global energy mix by 2030.
Last week the jacket for the Johan Sverdrup riser platform was installed by Thialf crane vessel owned by Heerema Marine Contractors (HMC). Weighing a good 26 000 t the jacket is the largest on the Norwegian continental shelf (NCS).
ALE has started building a second Mega Jack 800 jacking system.
Premier Oil has provided a progress update on various drilling operations.
DeepOcean has acquired French company Searov Offshore SAS and has expanded its presence in West Africa.
Exxon Mobil Corporation has announced estimated second quarter 2017 earnings of US$3.4 billion, or US$0.78 per diluted share, compared with $1.7 billion a year earlier, as oil and gas realisations increased and refining margins improved.
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7435/12-1, cf. Section 8 of the Resource Management Regulations.