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The latest upstream news

No oil transfer terminal at Veidnes

The oil export from Johan Castberg will therefore go directly to the market, as described in the plan for development and operation (PDO).


Finalists announced for Subsea UK 2020 awards

The black-tie event will take place on 12 February 2020 at P&J Live in Aberdeen, UK, during Subsea Expo – Europe’s largest subsea focused exhibition and conference.

READ Cased Hole opens new facilities in Houston and Anchorage

In Houston, READ now operates from a 9000 ft2 facility in a highly accessible area of the city, comprising offices, a technical workshop, a laboratory and warehouse storage, while the company has relocated to a new and improved customer support office in Anchorage.


Upcoming oil events


Subsea Expo 2020

11 Feb 2020 - 13 Feb 2020

The Event Complex
Bucksburn, Aberdeen, AB21 9SB, United Kingdom

IP Week 2020

25 Feb 2020 - 27 Feb 2020

InterContinental Park Lane
One Hamilton Place, London, W1J 7QY, United Kingdom


Total to invest in Waha concessions in Libya

Total will finance contributions of US$70 million at the outset, US$30 million when the North Gialo field will come onstream and US$30 million when the NC 98 field will come onstream.


Chevron announces capital and exploratory budget for 2020

In the upstream business, approximately US$11 billion is forecasted to sustain and grow currently producing assets, including about US$4 billion for Permian unconventional development and about US$1 billion for other international unconventional development.


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