Upstream news
Jump in oil price could send service company margins higher, says Rystad Energy
60% of the top 50 oilfield service (OFS) contractors already improved margins and increased operational efficiency in the first half of 2019.
Oxford Flow expands office following recent expansion
The new space will house Oxford Flow’s growing team, which has added 10 people in the last year.
Schlumberger, Chevron and Microsoft to collaborate on digital transformation
As part of the collaboration, the three companies will work together to build Azure-native applications in the DELFI cognitive E&P environment.
Production begins at Utgard field
Recoverable Utgard resources are estimated at around 40 million boe and daily production on plateau will be around 43 000 boe.
Sercel releases wireless nodal acquisition system
WiNG is a next-generation land nodal system designed for data acquisition companies.
Ashtead Technology completes subsea installation monitoring for Ocean Installer
The contract saw Ashtead Technology provide its integrated Deflection Monitoring System (DMS) services and equipment to support the installation of eight Integrated Template Structures (ITS) in Equinor’s Askeladd and Johan Castberg fields.
Wood Mackenzie comments on Saudi oil facilities attack
Wood Mackenzie VP for Refining, Chemicals and Oil Markets, Alan Gelder, has said that the loss of supplies from Saudi Arabia cannot be met for long by existing inventories.
Schlumberger begins wide-azimuth survey in Gulf of Mexico
The survey is in the the Salina del Istmo Basin in the Bay of Campeche and includes the recent Zama-1 discovery.
Equinor, Aker BP and Wellesley Petroleum make gas discovery in Norwegian Sea
Recoverable resources in the Ørn exploration well are estimated at 8 – 14 million m3 of oil equivalent, corresponding to 50 – 88 million boe.
CannSeal releases mobile resin mixer
The mobile mixer allows the company's proprietary epoxy resin to be mixed onsite and deployed immediately before installation.