Upstream news updates

Wood Mackenzie’s analysis using new AI-powered tools shows existing fields could yield 470 billion to over 1000 billion additional bbls through proven recovery methods.

3t, a global leading provider of safety critical training and blended learning solutions for high-hazard industries, has achieved official accreditation by the Transport General Authority (TGA) for its maritime training programmes to be delivered at its Dammam training centre.

EnerMech has made a major contribution to a new certification by the American Petroleum Institute (API) for Bolted Flange Joints (BFJ), designed to improve integrity, safety, and reliability across the oil and gas sector.

Aquaterra Energy awarded early-stage subsea analysis contracts with INPEX in Indonesia.

By uniting complementary strengths, the alliance offers a streamlined, end-to-end solution across the offshore moorings lifecycle – enhancing efficiency, reducing risk and improving schedule certainty for complex offshore campaigns.

The deal encompasses a comprehensive range of OCTG supplies including pipes and VAM premium connections.

The move has bolstered the company’s contract pipeline to $20bn (£14.77bn) over the next 20 years.

The OPEC+ group, comprising eight countries, has agreed to augment its production.

This transaction strengthens Petrobras’ exploratory activities on the African continent, with the purpose of portfolio diversification, and is aligned with the company’s long-term strategy, aiming to replenish oil and gas reserves through exploration of new frontiers and partnership operations.

The GGIP aims to sustainably develop Iraq’s natural resources to improve the country’s electricity supply while contributing to its energy independence and reducing its greenhouse gas (GHG) emissions.

If current trends persist, future energy demand will outpace demand expectations in many scenarios, positioning natural gas as the most scalable and responsive solution to meet growing power needs and stabilise grids.

Operational success, profitability, and customer satisfaction for EU&R companies needs an approach to data collection and analysis that ensures investment decisions are sound and that proposed projects are worthwhile.

Vallourec wins major contract to supply Petrobras with OTCG products from 2026 - 2029.

Forum Energy Technologies (FET) has been awarded a contract to upgrade two remotely operated vehicles (ROVs) for a global vessel operator, significantly enhancing the performance, efficiency and reliability of the systems.

This job is the first in a series of transports that will culminate in the transport of the PWP Topside, weighing approximately 18 800 t.

Joel Shaw, Silverwell Energy, USA, examines how surface-controlled gas lift systems will play a greater role in maximising the potential of gas-lifted wells while minimising environmental impact and operational costs.

McDermott has been awarded a large offshore subsea contract by PTTEP Sabah Oil Ltd (PTTEP) for the Block H gas field expansion project, located offshore Sabah, in East Malaysia covering the Alum, Bemban and Permai deepwater fields.

TotalEnergies and KOGAS, South Korea’s national natural gas company, announce the signing of a Heads of Agreement (HoA) for the annual delivery in South Korea of 1 million tpy of LNG over a 10-year period starting from the end of 2027.

ConocoPhillips has announced it has signed a long-term sales and purchase agreement (SPA) to lift 1 million tpy of LNG from the Rio Grande LNG project under development by NextDecade Corp., near Brownsville, Texas.

‘K’ LINE, Yinson Production and Harbour Energy to jointly identify optimal development solutions for Havstjerne CO2 storage licence and work to increase maturity of solutions.

The project is located in the western Pearl River Mouth Basin, with an average water depth of approximately 150 m.

Expro sets offshore World Record with heaviest casing string deployment.

Maurel & Prom is pleased to announce the signing of Heads of Terms with Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) for the Risk Service Contract (RSC) covering offshore Block 3/24.

GHGSat satellites deployed to monitor methane at scale across ExxonMobil’s onshore operations.