Upstream news
3t Energy Group wins UK training contract with Chrysaor
3t Energy Group has secured a contract with Chrysaor to manage the training of its entire UK workforce using digital learning technologies.
Aker BP farms in to UKCS licence for first time
The newly established Aker BP UK has taken a 50% interest in licence P2511 on the UK Continental Shelf.
Oil prices rise on Suez Canal blockage and European purchases, but lockdowns take toll
Oil prices rose on Wednesday due to a blockage at the Suez Canal, which prevents normal traffic of oil tankers. Positive data in European purchasing manager indices also help, but concerns that heavy lockdowns in Europe will affect the demand recovery still keep prices lower than few weeks ago.
Beach Energy finds gas in Otway Basin
The well in licence VIC/P43 intersected a gross gas column of 69.5 m in the Upper Waarre Formation, including 62.9 m of net gas pay, with a gaswater contact intersected at 1990 m measured depth.
EM&I remote camera technology given ATEX (Ex) approval
The NoMan optical system has been used successfully over the last four years to provide equivalent or better inspection data to that produced by people entering confined space.
Tranter supplies plate heat exchangers to offshore production facilities in Latin America
Tranter’s project scope covers design, engineering, supply, and maintenance of several plate heat exchangers that will be installed on the topside facilities of FPSO units, where they will be used for various heating and cooling duties.
Neptune Energy awards Borr Drilling US$21.4 million contract for Dutch, UK campaigns
The contract covers consolidation of development, exploration and P&A activities in the Dutch and UK sectors of the North Sea.
Up to 120 million bbl discovered near Fram field in North Sea
Preliminary estimates place the size of the discovery between 12 and 19 million m3 of recoverable oil equivalent, corresponding to 75-120 million bbl of recoverable oil equivalent.
Rystad Energy: drilling activity set for two consecutive years of growth but will lag pre-pandemic levels
Rystad Energy expects around 54 000 wells to be drilled worldwide in 2021, a 12% increase from 2020 levels, while in 2022 drilling is set to increase by another 19% year-on-year to about 64 500 wells.
AusGroup subsidiary given maintenance master contract by Chevron Australia
The 10-year master contract enables Chevron Australia to order full-service asset maintenance from AGC, a subsidiary of AusGroup, across Chevron’s onshore and offshore natural gas and oil production facilities located in the north-west of Australia.