Upstream news

Taking place in the rectory of the university in Villahermosa, Mexico, both the university authorities and representatives from Penspen witnessed the signing.

The two-year contract extension is for the delivery of integrated specialist asset integrity services for Chrysaor’s Armada, Everest and Lomond offshore production platforms located in the Central North Sea.

The majority of foreign companies are not making any profit or losing money in their partnerships with PDVSA to develop and produce hydrocarbons.

The award is the sixteenth contract extension and competitive re-tender award to Archer in the last four years for platform drilling operations and maintenance services in the UK, Norway, Greece and Brazil.

This first order for Amarinth from Iraq Gates Contracting Company (IGCC) of US$410 000 is for ten API 610 OH1 condensate transfer pumps with Plan 11 and Plan 52 double seals and seal support systems.

The project is the fourth major start-up for BP in 2018.

The company is adding to its state-of-the-art fleet with the purchase and major refit of a multi-role ship.

The company has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of US$220 million.

As part of the agreement, Noreco will assume all of Shell’s existing commitments and obligations, including the Tyra redevelopment and the decommissioning costs associated with the assets.

The company has announced that it has entered into a transaction with Hokchi Energy, a subsidiary of Pan American Energy LLC, to cross assign the Company's Participating Interest in Block 2 and Hokchi's PI in Block 31, both in the Sureste Basin offshore Mexico.