Upstream news updates

Its modular, scalable design enables it to function as a single platform for all enterprise safety applications.

INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled.

At the heart of the dispute is the status of the 1974 Petroleum Development Act, which granted Petronas ownership of all petroleum resources in Malaysia.

The BaraOmni™ hybrid separation system is a new separation technology that removes ultra-fine low gravity solids (LGS), resulting in better performing, longer lasting fluid systems to help operators reduce costs.

VAALCO Energy, Inc. have announced that the workover operations on the Avouma 2H well are complete and replacement of the Electrical Submersible Pump (ESP) system was conducted safely and efficiently with no injuries or environmental incidents.  

In the 24th licensing round, the Norwegian Ministry of Petroleum and Energy has offered DEA two new licences in the Barents Sea.

Tap Oil Limited (Tap Oil or the Company) provides the following update on drilling activities at the Manora Oil Field in the G1/48 concession, located in the Gulf of Thailand (Tap Oil 30% interest). Mubadala Petroleum (Thailand) Ltd is the operator of the G1/48 concession.

From 23 to 27 April 2018, the Petroleum Safety Authority Norway carried out an audit of integrity and barrier management for flexible risers and systems for pressure safety/emergency shutdown at Snorre A.

JDR Cable Systems (JDR), the leading supplier of subsea umbilicals and power cables to the offshore energy industry owned by the TFKable Group, has been selected by Jan De Nul Group to manufacture and supply inter-array, export and land cables for Taiwan’s Formosa 1 development. 

With the industry’s newest approach to validating a completion design, Reveal Energy Services’ fracture maps quantify fracture half-length, height, asymmetry, and azimuth.

Diamond Offshore Drilling have extended the exclusive license for Trelleborg’s offshore operation to this patented technology until 2029.

Marketed utilisation rates would also rebound to 89% by 2020, surpassing rates seen during the heydays before the downturn.

Graham Mackrell, managing director of Harmonic Drive UK, looks at the technological challenges and how high precision gearing is being increasingly used to drill deeper.

As part of the agreement, Equinor will provide industry knowledge and business needs to support Microsoft in developing new solutions for the industry.

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has been awarded three exploration licences in the 24th licensing round in Norway. All of the licences are located in the southern Barents Sea with one of the licences operated by Lundin Norway.

The Norwegian Petroleum Directorate has granted A/S Norske Shell a drilling permit for well 6304/3-1, cf. Section 15 of the Resource Management Regulations.

Aker Solutions accelerates its digitalisation efforts by moving its internal SAP applications to SAP's cloud, aiming to improve operations and drive efficiency.

The US has added close to 50 billion bbls over the last year and now holds an estimated 310 billion bbls of recoverable oil with current technologies, equal to 79 years of US oil production at present output levels.

Akofs Offshore has been awarded a contract for light well intervention services using the Akofs Seafarer vessel for all Equinor-operated licences in the period 2020 to 2025.

The multi-phase work programme, consisting of workover, new drill and pressure maintenance operations, is focused on increasing production and proving up substantial reserves at Zink Ranch that are believed by the Company to be economically recoverable.

‘Our license to operate: breaking through to excellence’ will form the theme of the biennial conference and exhibition which will take place in Aberdeen from 3 - 6 September 2019.

This partnership aims to significantly improve operational efficiencies and reduce well costs over the life of the project through a holistic and collaborative development approach.

SDX Energy Inc., the North Africa focused oil and gas company, has announced that a gas discovery has been made at its SD-4X well in the South Disouq Concession, Egypt (SDX 55% working interest and operator).

Providence Resources P.l.c., the Irish based Oil & Gas Exploration Company, has provided an update on Frontier Exploration Licence (FEL) 6/14 that contains the Newgrange Prospect.