Upstream news updates

The company plans initially to use net proceeds to reduce outstanding borrowings under its revolving credit facility.

The company, which is the operator of production licence 248 C, has completed the drilling of wildcat well 35/11-22 S.

The project is Valvoline’s first plant in China. Fluor booked the undisclosed contract value in the fourth quarter of 2018.

Agreement will provide proppant to industry leader.

The company has exercised an option for the purchase of a second newbuild Gusto MSC CJ46 design jackup rig from the PaxOcean Group for US$83.75 million.

The programmes aim to nurture innovative IoT and big data applications in the multi-modal supply chain.

Cao Chai, Upstream Oil & Gas Analyst at GlobalData, offers her view on the deepwater project.

The company has announced the completion of the regional multi-client airborne gravity, gravity-gradiometry and magnetics survey covering the transition zone of the Gulf of Papua.

The company has announced its plan to bring the TLP-103C well at its Tilapia licence in the Republic of the Congo into production.

James Fisher Marine Services (JFMS), a leading provider of integrated marine services, has completed an important diving activity for an international oil and gas exploration and production company, Premier Oil UK.

Increasing investment towards exploration and production of unconventional resources due to rising concern towards rapid depletion of conventional resources will drive the hydraulic fracturing market size during the forecast period.

The TSC U41™ is a diver- or ROV-deployable ACFM® inspection system for the detection and sizing of surface-breaking cracks.

Trendsetter’s scope of work included multiple clamp connection systems, subsea distribution equipment, MEG filter modules, 2 in. connection systems and subsea manifolds.

Russia had two natural gas discoveries in the West Siberian basin and an oil discovery in the Okhotsk basin, while Colombia had three conventional oil discoveries, all in the Llanos Orientales basin.

This follows sanction by BP, as the Operator, of the Atlantis Phase 3 project, announced in January 2019.

The new CTO will be based at the firm’s Technology Centre of Excellence in Trondheim.

The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round.

The Rowan Renaissance, an R-Class ultra-deepwater drillship, has been awarded a one-well contract in Mexico.

The company has completed the design and build of subsea production equipment for Noble Energy’s Leviathan Project.

A total new-build capital expenditure (CAPEX) of US$846 billion is expected to be spent globally on planned and announced upstream projects from 2019 to 2025.

NETZSCH Pumpen & Systeme GmbH asks what makes multi screw pumps so appealing to the oil sector.

Saint-Gobain Seals has been selected by a major US oil and gas corporation to qualify its Fluoroloy® sealing solutions and polymer materials to enhance oil recovery for an ultra-high pressure field in the Gulf of Mexico.

Anglo African Oil & Gas plc, an independent oil and gas developer, has provided details of its plan to bring the TLP-103C well (‘the Well’ or ‘TLP-103C’) at its Tilapia licence in the Republic of the Congo into production.

The three new patents cover certain aspects of Upwing’s high-speed motor drives and seal-less downhole system with a magnetically supported rotor, which underpin key elements of the SCS downhole artificial lift system.