The latest upstream news

UK Oil and Gas Authority begins sanctions investigation

Monday 14 June 2021 11:30

The investigation will look into a possible failure by unnamed companies to maximise economic recovery from the North Sea.

Lundin Energy increases 2021 production guidance

Monday 14 June 2021 11:00

The company's production guidance for 2021 has been increased to between 180 to 195 000 boe/d, from the original guidance of 170 to 190 000 boe/d.

EM&I receives UK patent for sea chest isolation valve inspection technology

Monday 14 June 2021 10:45

ODIN uses advanced methods to plan and carry out UWILDs (Under Water Inspections in Lieu of Drydocking), structural, isolation valves, and other required inspections and maintenance tasks without using divers.

Oilfield Technology spotlight with Clariant

In the latest Oilfield Technology Spotlight, Nicholas Woodroof, Deputy Editor, speaks with Thusitha Wickramarachchi, Asset Integrity Engineer, Clariant Oil Services, and Ashley Hunt, Deepwater Business Development Manager, Clariant.

View the interview »

Equinor, Vår Energi and Aker BP make oil discovery in North Sea

Monday 14 June 2021 10:30

Recoverable resources from the discovery in production licence 554 are estimated at between 1.3 and 3.6 million m3 of oil equivalent, corresponding to 8-23 million boe.

Saipem, DSME JV to construct FPSO for Petrobras

Friday 11 June 2021 16:50

The FPSO will be deployed in the Búzios field offshore Brazil.

IEA: OPEC+ needs to increase supply to keep global oil markets adequately supplied

Friday 11 June 2021 15:00

Global oil demand is set to return to pre-pandemic levels by the end of 2022, according to the International Energy Agency's latest monthly oil report.