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The latest upstream news

Shell to further invest in North Sea gas hub at Shearwater

The company, together with partners Esso Exploration and Production UK Limited and Arco British Limited, LLC, has announced the final investment decision for a Shearwater gas infrastructure hub in the central North Sea.


Frontera Resources Corporation: financing update

Frontera Resources Corporation has announced that on 11 December 2018 it signed a term sheet with a New York, U.S.A.-based fund seeking to secure a loan of up to US$60 000 000.

IMCA publishes its latest DP station keeping bulletin

The International Marine Contractors Association’s (IMCA) has published its latest Dynamic Positioning (DP) StationKeeping Bulletin. Published quarterly, the Bulletin is a reliable channel for providing feedback on DP events to the industry.


Equinor: drilling permit for well 36/1-3

The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 36/1-3, cf. Section 15 of the Resource Management Regulations.


Amerisur Resources: oil discovery at Indico-1

The company has announced that drilling at Indico-1 well on the CPO-5 block has reached target depth of 10 604 ft measured depth and has encountered the targeted Lower Sands of the Une formation.



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