Following recent statements by Fluvio Ruiz Alarcon, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.
The company has announced a major gas discovery on the Glendronach prospect, located offshore U.K. West of Shetland.
Equinor has awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig. Drilling start-up is scheduled for the summer of 2019.
The Romanian government has proposed a reduced royalty and additional tax structure for offshore investments, allowing a larger proportion of capital investments to be deducted for tax purposes.
The company has announced that it has signed a Sale & Purchase Agreement (SPA) for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of ITOCHU Corporation.
ESAI Energy’s pipeline assessments address the status and timing of proposed pipeline projects and estimate the impact these projects have on the origin and destination points in key markets.
Iran has new build capital expenditure (Capex) of around US$22.3 billion for the forecast period.
The company provides a summary of results from the well, located in the Valley of the Lakes basin complex of central Mongolia.
The contract is for the removal and disposal of the Dunlin Alpha topside in the UK continental shelf.
The company received consent from the Department for Business, Energy & Industrial Strategy for its second horizontal shale exploration well at its Preston New Road site in Lancashire.
The company has announced two new contracts with Samsung Engineering (Thailand) Co Ltd to provide transport and heavy lift works as part of two petrochemical projects in Map Ta Phut, Rayong Province.
OMV has been exploring the potential of used plastics since 2011.
Highlands, the London-listed natural resources company, provides the following update about the six new wells being funded entirely by Highlands’ partners at its East Denver Project.
GDNX is available for shipment to fit all manufactured models of frac pumps.
Asia also has the highest new build capital expenditure (Capex) spending globally with around US$5.8 billion during the 2018 - 2022 period.