Upstream news

The Centre of Decommissioning Australia reports that there is over AUS$50 billion of decommissioning work in Australia over the next 50 years, over half of which will commence within the next 10 years.

Oil prices started the week largely flat due to renewed lockdowns in Europe but, after last week’s painful correction, levels are now more sustainable.

Neptune Energy has announced the safe and successful installation of four Enhanced Horizontal Subsea Tree Systems for the Duva development project in the Norwegian sector of the North Sea.

The solution is designed to overcome flexible pipe stress corrosion cracking tendencies in high CO2 content fields, such as those found in Brazil’s pre-salt offshore developments.

The topside modules will be designed and manufactured for MISC Berhad across Asia, with main engineering and execution activities done through Singapore.

LYTT has enhanced production at BP's North Sea Clair Ridge site by 2000 bpd via a 'tuning' strategy informed by real-time in-well data analysis.

GlobalData's latest report, Morocco Exploration & Production, reveals that Morocco is on the brink of unlocking its gas potential - even though the country is not a major producer and imports most of its gas.

Destined for the Seagull campaign in the UK Central North Sea, the technology will allow the operator to manage the field’s high bottom hole temperatures.

The King’s Quay floating production system in the Gulf of Mexico and its associated laterals will be co-owned in a joint venture with entities managed by Ridgewood Energy Corp., including ILX Holdings III, LLC.

Petrofac has been the incumbent operations and maintenance service provider at the facility for eight years. The facility is one of the largest in the Gulf and handles around 55% of Iraq’s crude oil exports.