Upstream news

Wood has secured a new US$13 million contract with Equinor to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project.

Geologists at the University of Aberdeen have discovered a huge swathe of the North Sea left unexplored for oil and gas because of so-called ‘phantom’ volcanoes they have proven don’t exist.

Global liquefied natural gas (LNG) regasification capacity is expected to grow by 43% between 2019 and 2023, from 45.7 trillion ft3 in 2019 to 65.9 trillion ft3 by 2023, according to GlobalData.

Under the TechnipFMC/DOF joint venture agreement, TechnipFMC will manage flexible pipelay, and DOF will be responsible for marine operations.

After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be 'elephant' finds, according to Rystad Energy.

Senior representatives of a major Brazilian oil company and of a leading FPSO lease operator visited EM&I’s Technology Centre for demonstrations of state-of-the-art methods for inspection and maintenance of floating offshore installations.

The operator of the HH-1 Kimmeridge Limestone and Portland Sandstone oil discovery, has announced that Portland oil production has been re-established from the Horse Hill-1 well in which the company has an 11.765% interest.

Having the best equipment for the task in hand is essential, but maintaining it to ensure it always delivers is arguably even more important, as John Curno of Bosch Rexroth discusses.

As a result of the work conducted to date on the Licence, including the successful drilling of the TLP-103C well, SNPC owes approximately US$10 million to AAOG in respect of SNPC’s share of the total costs.

Following the announcement by Indonesia's upstream regulator SKK Migas on a gas discovery in Indonesia, Wood Mackenzie's research director Andrew Harwood provides commentary.