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Upstream news

 

Santos awarded new acreage on-trend with Dorado

Santos will operate the new permit, WA-541-P, in the Northern Carnarvon Basin which lies to the west of the recent Dorado, Roc and Phoenix South hydrocarbon discoveries in the Bedout Sub-basin.

 
 
 

Vår Energi awards Balder X subsea contract to consortium

The Balder X Project will extend the life of the Jotun A FPSO towards 2045 through refurbishing it and relocating it to the Balder licence PL 001, the first production license on the Norwegian continental shelf.

 

Rystad Energy: US shale is not going bankrupt

Rystad Energy said that it expects further acreage restructuring and M&A activity in the industry, but emphasises that many operators have managed to combine production growth with balanced spending and debt reductions.