Upstream news

Saipem announces that Aker BP has exercised a new option to extend the contract for the semi-submersible drilling unit Scarabeo 8, prolonging its deployment for an additional year.

Water will be injected to displace additional oil in the reservoir formation which supplies production to Shell’s Ursa platform in the Mars Corridor.

The contract has a firm duration of five years, running until end of October 2030, with options to extend for up to an additional four years.

EU-Energy Community energy market integration pre-accession has become a mutual economic, climate, and security imperative.

Michael Weidenfeller, Product Strategy Manager for Drilling and Mobile Power Applications, Caterpillar Oil & Gas, highlights how fuel-flexible dual-fuel engine technology is an important and reliable solution to reduce diesel consumption on oil and gas rigs.

bp has successfully delivered first oil from the Atlantis Drill Center 1 expansion.

Wood Mackenzie releases five charts that spotlight the most significant trends reshaping the sector globally.

The Energy Information Administration (EIA) announced plans to modernise its core short-term forecasting system.

New wave of consolidation is coming for small- and medium- sized US shale producers.

TotalEnergies has signed an agreement with NEO NEXT Energy Limited (NEO NEXT) under which TotalEnergies will merge its Upstream business with NEO NEXT and become the leading shareholder in the expanded NEO NEXT, which will be renamed NEO NEXT+, with a 47.5% ownership.