Sapura Energy records quarterly profit
The Malaysian oil and gas services company declared net profits of US$123.01 million for the quarter ended 31 January 2019.
The latest upstream news
ADNOC awards Indian consortium exploration rights for Abu Dhabi Onshore Block 1
The consortium of Bharat Petroleum Corp. Ltd and Indian Oil Corp. Ltd. will hold a 100% stake in the exploration phase to explore for and appraise oil and gas opportunities.
Reabold: rig contract signed for West Newton well
The company has announced that Rathlin Energy (UK) Limited has signed a rig contract for the drilling of the West Newton appraisal well, expected to spud in April 2019.
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KCA Deutag secures new land drilling contracts
These contracts, with a combined value of approximately US$54M, are for drilling operations in the Middle East, Russia, Europe and Africa.
Jadestone Energy provides an update on Stag infill drilling
Operations have paused due to severe weather conditions related to tropical cyclone Veronica.
UK OGA launches one of the largest ever public data releases
The Oil and Gas Authority (OGA) has launched what is believed to be one of the largest ever single open releases of data with the launch of the UK’s first UK Oil and Gas National Data Repository (NDR).
Westwood Insight: Oil & Gas UK Business Outlook 2019
Oil & Gas UK published its annual Business Outlook review and presented its findings in both London and Aberdeen on 20 March. Westwood’s Technical Manager, Alyson Harding, comments.
TechnipFMC awarded large Integrated EPCI (iEPCITM) contract for the Eni Merakes Field offshore Indonesia
This contract covers five deepwater wells, and their 50 km tie back to the existing Jangkrik Floating Production Unit in Indonesia.
Tenaris to acquire IPSCO Tubulars from TMK
The transaction is subject to regulatory approvals, including approval by the U.S. antitrust authorities, and other customary conditions.
GlobalData: Trinidad’s revenue-raising measures risk backfiring in long-term
The introduction of a royalty imposed on investors may be counter-productive for the government in the longer term, according to GlobalData.
Archer CEO resigns
John Lechner has resigned from his position as CEO of Archer Ltd. with immediate effect.
Awilco Drilling signs contract with Keppel FELS for new semi-submersible rig
The rig is designed for harsh environment use, and will be equipped and certified for drilling on the Norwegian Continental Shelf.
Island Drilling receive contract for UK wells
Island Drilling has received a contract from CNOOC for the drilling of two wells on the British side West of Shetland.
Reabold Resources announce spudding of second well at Monroe Swell
Integrity Management Solutions has commenced drilling operations at the Burnett 2B well within the Monroe Swell field, onshore California.
i3 Energy contract Gardline Limited for site survey
The company has contracted Gardline Limited to conduct a site survey for its 2019 and 2020 drilling programme plus the pipeline route for its Liberator Phase I development.
O&G UK report reaction: Infosys Consulting Head of Energy and Commodities
In reaction to Oil & Gas UK’s 2019 Business Outlook report – which spells positive news for UK O&G but notes that investment is needed to push the industry forward – Simon Tucker, Head of Energy and Commodities at Infosys Consulting, comments.
ESAI Energy: Project delays sink oil sands output in 2019
Canadian Oil Sands production in 2019 will be almost 230 000 bpd lower than last year, according to ESAI Energy’s recently published North America Watch.
Logistics expert says no-deal Brexit tariff plans 'a mixed bag' for industry's EU traders
Adam Johnson, director of Leeds-based Tudor International Freight, said the structure was undoubtedly well-intentioned and would cause some UK oil and gas businesses to breathe sighs of relief.
WoodMac: Murphy Oil's US$2.1 billion sale of Malaysian portfolio is biggest O&G deal in SEA in over 5 years
Wood Mackenzie research analyst, Alex Siow, comments on the deal.
Equinor: Record-breaking lift completes the Johan Sverdrup field centre
The two final platform topsides were installed using the heavy lift vessel Pioneering Spirit’s single lift technology.
Murphy Oil exits Malaysia
The company has sold its Malaysian assets to a subsidiary of PTT Exploration and Production Public Company Ltd.
Gulf of Mexico lease sale yields US$244 million in bids
A total of 30 companies participated in Lease Sale 252, covering a 1.2 million acre area of federal waters in the Gulf of Mexico.
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