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The latest upstream news


Isolation Technologies releases Combo Tool

Isolation Technologies (IsoTech), a designer and manufacturer of zonal isolation equipment, has developed the IsoTech Combo Tool to improve slurry placement with a single tool.


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Faroe: Four new exploration licences awarded in Norway

Faroe Petroleum has announced that it has been awarded four new prospective exploration licences, including two operatorships, under the 2016 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf.


Statoil awarding service contracts for two Cat J rigs

Baker Hughes and Schlumberger will be awarded the contracts for integrated drilling and well services on the Cat J rigs Askepott and Askeladden. The rigs will perform work at Oseberg and the Gullfaks.


Cairn Energy: Pre-close update

Cairn intends to announce its preliminary results for the year to 31 December 2016 on Wednesday 8 March 2017. In advance of these results, Cairn is providing information on recent operations and guidance in respect of the Group’s trading performance in 2016.


Tullow: Erut-1 oil discovery in Kenya

Tullow Oil has announced that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 m with 25 m of net oil pay at a depth of 700 m. The overall oil column for the field is considered to be 100 to 125 m.


New Statoil discovery near Norne

One year after the licence award Statoil has made an oil and gas discovery close to Norne estimated at between 20 and 80 million bbls.


Douglas-Westwood: Obama's legacy

As President Obama leaves the Oval Office on Friday, he leaves a legacy of mixed fortunes for the energy industry.


Aker BP experiences strong growth

Aker BP ASA increases reserves and maintains good results in exploration, drilling and wells, projects and production.


Oilfield noise mitigation

Lee Nicholson, Managing Director of Wakefield Acoustics explains operating in offshore hazardous environments presents significant health and safety challenges, none more so than noise.


Peterson strengthens leadership team with new appointment

Peterson has appointed Sarah Forbes as director projects & innovation. The appointment follows an investment by Peterson in Core 29, the project management and consultancy business founded by Ms Forbes in Aberdeen in 2012.


Hess announces new oil discovery offshore Guyana

Hess Corporation announced positive results from the Payara-1 well offshore Guyana, which is the second oil discovery on the Stabroek Block following the world-class Liza oil discovery in 2015.


Anadarko Announces Sale Of Eagleford Shale Assets

Anadarko Petroleum Corporation has announced that it has agreed to sell its Eagleford Shale assets in South Texas for US$2.3 billion to Sanchez Energy Corporation and Blackstone Group LP.


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