Upstream news
2019 year of contraction for Texas upstream industry
Through December 2019, the Texas Petro Index lost 9.4% of its value since the February 2019 cyclical peak.
Prospex Oil and Gas Plc has rasied £720 000
The net proceeds of the placing will primarily be used to fund the company’s acquisition of a 49.9% indirect stake in El Romeral.
MODEC, Mitsui, MOL and Marubeni to proceed with the deepwater FPSO charter project for Marlim Field of Brazilian offshore oilfield
The four companies have entered into related agreements on 30 January 2020.
Gulfstream Services, Inc. announces US expansion in three locations
Formed in 1978, GSI has seven locations in the US and one in Aberdeen, Scotland with a global team of 210.
Equinor selects contractors for Bacalhau area offshore Brazil
Subsea Integration Alliance, SIA formed by Subsea7 and OneSubsea has been selected for the subsea, umbilical, risers and flowlines contract and MODEC Inc. for the FPSO contract.
Neptune Energy digital subsurface technology aims to discover hydrocarbons faster
The programme was unveiled at DigEx 2020 in Oslo, Norway, where the company discussed how it is making use of digital technologies, including the latest cloud infrastructure, to reduce the time from “idea to discovery”.
Oceaneering and Aquaterra Energy ink decommissioning collaboration
Under the MoU, the companies will offer tooling and services in four distinct areas.
Halliburton secures drilling and completion services contracts for Ichthys project
The contracts awarded include directional drilling, logging while drilling, surface data logging, drilling and completions fluids, cementing, liner hangers, coring and well completions services.
Fugro awarded offshore Cambodia geotechnical contract
Fugro has been awarded a geotechnical contract by KrisEnergy for the Apsara oilfield in Block A, offshore Cambodia, as part of the nation’s first hydrocarbon development.
Solstad Offshore to provide PSV for OMV Taranaki
The platform supply vessel Normand Tortuga will support OMV Taranaki's upcoming Crestal infield drilling campaign at the Maui A Platform offshore New Zealand.