Browse the latest upstream news news and articles.
Sub-zero temperatures in the deep waters of the North Atlantic would significantly hamper the ability of oil-eating bacteria to help the ocean recover from a major oil spill, according to new research by the University of Aberdeen.
With both projects already underway, the first onboard the Ocean Valiant will run until March 2018, whilst the second project on the Maersk Gallant jack-up rig is due to be completed in July 2017.
FrontRow Energy Technology Group Limited has announced the acquisition of ClearWELL Oilfield Solutions, an oil and gas technology company focused on flow assurance and production optimisation.
Energy services company Proserv has been awarded a series of contracts worth a combined value of more than US$11million for its production control new-build and after-market services in the Middle East.
With abundant supply potential, Rystad Energy expects US gas companies to see a large LNG export potential to China after President Donald Trump and President Xi Jinping reached the bilateral trade agreement last month.
Sam Wahab, director of oil & gas research at Cantor Fitzgerald Europe, comments on this week’s Opec meeting and the planned listing later this year of Aramco by Saudi Arabia.
The Waitsia-3 well will be drilled to a planned maximum total depth of 3706 m MDRT and is forecast to take approximately seven weeks in total to complete.
Premier has announced that the Zama-1 exploration well in Block 7 (Premier equity 25%) in the shallow water Sureste Basin, offshore Mexico, was spudded at 0630 on 21 May 2017.
Following on from the recently announced 2017 2D seismic campaign and the Cape Broyle 3D, the joint venture is now ramping up its 3D seismic acquisition in Newfoundland Labrador with these additional projects, reflecting high customer interest in this region.
CGG has announced the extension, until the end of 2021, of its contract with Petroleum Development Oman (PDO) for the provision of subsurface imaging technology and services at its dedicated processing centre (DPC) in Muscat.
Triangle has jointly (50/50) completed a Share Purchase Agreement (SPA) with Royal Energy Pty Ltd to acquire the 42.5% balance of the Cliff Head oilfield and associated production facilities from Roc Oil Company Limited.
Oil prices could touch highs last seen in April when the Organisation of the Petroleum Exporting Countries (Opec) convenes its next meeting in Vienna on 25 May, WisdomTree’s Nizam Hamid has said.