Browse the latest upstream news news and articles.
Production levels at the Seven Assets in February have continued to strongly increase, with month to date average production being 25.7 kboepd gross and 20.7 kboepd net, largely driven by increased sales to the Calabar NIPP which are supported by a World Bank Partial Risk Guarantee.
The release of Searcher’s technical dataset comes in preparation for the highly-anticipated Argentina Offshore Bidding Round 1, which is expected to be announced later this year.
The three month project, which commenced in February 2018, will see TWMA provide an at source drilling waste management package at the Orlando Field in the UK northern North Sea.
Weatherford International plc has announced the successful execution of a shallow-angle casing exit in Sakhalin Island, Russia, using the AccuView real time remote support system. This marks the first deployment of the AccuView system in the Russian Federation.
Subsea engineering analysis consultancy, AgileTek, has won the Small Company of the Year Award at this year’s Subsea UK awards. Winners were announced at a prestigious awards ceremony Aberdeen.
Tekmar Energy Limited was named company of the year at Subsea UK’s annual awards last night while Richard Marsh was recognised for his outstanding contribution to the industry.
Hexion is the first company to develop mobile resin coating technology, offering efficient manufacturing of resin coated proppants on any substrate. Manufacturing can occur in any location that offers optimum logistics to the wellsite, even internationally.
Exxon Mobil Corporation has announced it has added 2.7 billion boe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil's proved reserves totaled 21.2 billion boe at year-end 2017. Liquids represented 57% of the reserves, up from 53% in 2016. ExxonMobil’s reserves life at current production rates is 14 years.
The project will be executed on a fast track, with offshore operations commencing as soon as March/April of 2018. The scope of the project includes disconnection, laydown and wet storage of flexible risers, umbilical and mooring lines from the FPSO.
The contract will see John Crane Asset Management Solutions personnel deployed to a major Texas refinery from the company’s operational offices in Aberdeen and Pasadena, Texas.
Enpro Subsea will support Tullow Oil’s plans in the Jubilee and TEN fields in Ghana.
Sound Energy, the Moroccan upstream gas company, has provided details of its 2018 work programme and an update on the company's acquisition of geophysical and geological data in Eastern Morocco.