Browse the latest upstream news news and articles.
OneSubsea has announced that it has been awarded an engineering, procurement and construction contract by Statoil to supply the subsea production system for the Utgard gas and condensate discovery in the North Sea.
Forum Energy Technologies’ VisualSoft product line marks the beginning of 2017 with the release of new features and capabilities within their software suite.
The company has received a letter of award from TGS-NOPEC Geophysical Company ASA for acquiring 30 000 km2 of 3D multi-client data in Europe.
Global Marine Systems Limited has announced that it has been awarded the renewal of the Atlantic Cable Maintenance Agreement (ACMA). The new contract began on January 1, 2017, and runs for five years, through to December 2021.
Additional content enables geoscientists to de-risk exploration and development projects and maximise ROI more efficiently than before.
Isolation Technologies (IsoTech), a designer and manufacturer of zonal isolation equipment, has developed the IsoTech Combo Tool to improve slurry placement with a single tool.
Churchill Drilling Tools, an oil field service company specialising in downhole tools, has shortlisted as a finalist for the 2017 Offshore Achievement Awards hosted by the Society of Petroleum Engineers (SPE).
Rystad Energy concludes that the 2016 total offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010.
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 6507/3-12, cf. Section 8 of the Resource Management Regulations.
BNK Petroleum Inc. has announced that it has successfully finished drilling the first well of its 2017 drilling programme, the Chandler 8-6H well, in the Company's Tishomingo Field, Oklahoma.
UK Export Finance (UKEF) has announced that it will provide US$400 million in support for a GE Oil & Gas contract with Ghana's Offshore Cape Three Points Project.
Faroe Petroleum has announced that it has been awarded four new prospective exploration licences, including two operatorships, under the 2016 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf.