Touchstone announces Ortoire independent prospect evaluation
The results are of an independent review prepared by GLJ Petroleum Consultants Ltd.
The latest upstream news
SEACOR Marine enters agreement to acquire three additional platform supply vessels
The vessels are to be acquired from COSCO Shipping Heavy Industry (Zhoushan) Co., Ltd., an affiliate of COSCO Shipping Group.
READ Cased Hole signs exclusive agreement with Advanced Logic Technology
The agreement is to develop and bring to market ALT’s ABI-43 acoustic borehole imaging technology.
Wellesley Petroleum AS awarded drilling permit for North Sea well
The Norwegian Petroleum Directorate has granted Wellesley Petroleum AS a drilling permit for well 25/1-13, cf. Section 15 of the Resource Management Regulations.
Equinor: gas and condensate discovery south of Kristin field
The company has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well.
Launch of OilX platform, harnesses AI to transform oil trading analytics
Joint venture between The Signal Group and OilX aims to revolutionise a market worth US$15 billion.
Bureau Veritas awarded major inspection contract for new oil field development
Bureau Veritas, a world leader in laboratory testing, inspection and certification services, has been awarded a four-year contract with Neptune Energy to provide second and third-party inspection services for the new Fenja oil and gas field development, offshore Norway.
PGNiG: agreement for oil and gas exploration in UAE
Representatives of PGNiG SA, the Ras Al Khaimah Petroleum Authority and RAK GAS LLC have signed an agreement whereby the Polish company is permitted to explore for and produce hydrocarbons in the emirate of Ras al Khaimah.
Sercel and Apave enter strategic partnership for structural health monitoring
The partnership brings together Sercel’s high-end sensor technology and Apave’s expertise as a specialist in structural health monitoring.
Subsea Integration Alliance awarded integrated EPCIC contracts offshore Australia by Esso Australia
Project to deliver new subsea flowline to existing gas pipeline.
Rystad Energy: Offshore service market growth to outpace shale in 2019
Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector are set to benefit from this trend reversal.
Ocean Infinity to perform AUV surveys in Brazil
The company’s partner, Cepemais, has been awarded a contract to provide high-resolution hydrographic mapping services to Petrobras.
Subsea 7 acquires multi-purpose offshore construction and dive support vessel
The 2009-built vessel is to be renamed Seven Pegasus and will primarily support Subsea 7’s operations in the North Sea and Asia Pacific.
Faroe Petroleum in Edinburgh prospect partnership
The company has announced its partnership with subsidiaries of Royal Dutch Shell plc and Spirit Energy Limited following the award of PL 969 in the recent APA licensing round.
Woodside awards contracts for Scarborough project
The contracts are for engineering activities related to the upstream development’s floating production unit, the export trunkline and the subsea umbilical risers and flowlines.
Equinor awarded 29 new licences on the Norwegian Continental Shelf
Equinor has been awarded 29 new licences by Norway’s Ministry of Petroleum and Energy as part of the Award in Predefined Areas (APA) for 2018 – 13 licences as operator and 16 as partner.
Vryhof secures US$75 million in new contracts to kick off 2019
The contracts were split across Vryhof's three businesses: Deep Sea Mooring, Vryhof Anchors, and Moorlink.
Airborne Oil & Gas awarded contract by TOTAL for TCP Jumper in West Africa
This contract follows the successful completion of a rigorous testing program, in which TOTAL qualified Airborne Oil & Gas’ TCP Water Injection Jumper for permanent subsea applications.
Investing NOK 2.3 billion to recover more oil from Gullfaks
The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 million bbls with good profitability.
Maven managed funds leads £1.95 million investment in Dyer Engineering
Maven Capital Partners, one of the UK’s most active private equity houses, has, through its management of two regional funds, provided £1.95 million of capital to Dyer Engineering Ltd, the largest independent engineering business in County Durham.
Cliff Head production returns to over 1000 bpd
The Board of Triangle Energy Limited has provided the following update on its Cliff Head oilfield operations, located in the Perth Basin approximately 270 km north of Perth in Western Australia.
L&T Hydrocarbon consortium wins EPCI order from Saudi Aramco
The award consists of engineering, procurement, construction and installation (EPCI) of three Oil Production Deck Manifolds and Subsea Pipelines in Zuluf and Berri Fields of Saudi Aramco.
Upcoming oil events
AAPG’s Global Super Basins Leadership Conference 2019
22 Jan 2019 - 24 Jan 2019
Sugar Land Marriott Town Square
Sugar Land,
Texas,
United States
European Gas Conference
28 Jan 2019 - 30 Jan 2019
Vienna Marriott Hotel
Parkring 12a,
1010 Wien,
Vienna,
Austria
Subsea Expo 2019
05 Feb 2019 - 07 Feb 2019
Aberdeen Exhibition & Conference Centre
Ellon Road,
Bridge of Don,
Aberdeen,
AB23 8BL,
United Kingdom