Upstream news

Sophisticated imaging and deep-learning algorithms will allow the Dammam 7 supercomputer to run detailed 3D earth models, enhancing Aramco's decision-making on exploration and investment decisions.

30 companies, including Equinor, Wintershall Dea, Lundin Energy, and Neptune Energy, have received offers of ownership interests in a total of 61 production licences on the Norwegian Shelf.

The contracts are awarded for a fixed period of around five years from May 2021.

The five-year consolidated services contract will see Wood work to extend field life, lower costs, and reduce late life carbon intensity.

SIAD Macchine Impianti has designed and built a booster compressor for a FPSO operating in the offshore marine area of Foinaven, to the west of the Shetland Islands.

OSSO, formerly Centrifuges Un-limited, the specialist fluid temperature control and separation solutions provider, has appointed James Scullion as CEO.

Oil prices are steady after early losses, as traders put hopes on China’s economy, a positive note against renewed Covid-19 concerns.

Total has said that API's climate positions were only "partially aligned" with its own.

The discovery was achieved at the SEMZ-11X well located 10 km west of Zarif field, the nearest producing field.

The transaction is one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion.