Upstream news
Well Conveyor receives investment from Chevron Technology Ventures, ProVenture and Investinor
The money from this financing round will support the qualification and commercialisation phases for the company’s Slim Battery-powered Conveyor.
China's gas production to double by 2040, says Wood Mackenzie
Production is expected to double from 149 billion m3 in 2018 to 325 billion m3 in 2040.
Noble Energy makes offshore discovery in Equatorial Guinea
The Aseng 6P well was drilled to a total depth of 4417 m and is expected to produce first oil in October 2019.
June 2019 sees record high seaborne US crude oil exports
The highest US crude oil exports to China in 11 months lifted total seaborne US crude oil exports to a record high at 11.9 million t in June 2019.
Petrofac awarded decommissioning contract in Central North Sea
The agreement includes provision of well operator and well engineering project management services for four wells within the Rubie and Renee fields, 200 km north east of Aberdeen, UK.
OGA announces suspension of fraccing at Preston New Road
Operations were suspended following recent seismic activity near the site in Lancashire, UK.
Shearwater establishes subsidiary in Brazil
The company has also opened a new office in Rio de Janerio.
TechnipFMC announces split into two publicly traded companies
The separation is expected to be completed in the first half of 2020, subject to customary conditions, consultations and regulatory approvals.
Petrofac to provide INEOS operations and maintenance support
Petrofac will provide personnel to the Unity Platform in the Central North Sea, the onshore Cruden Bay Terminal and other landline sites.
Rever Offshore reports on first half of 2019
Rever Offshore, a subsea services provider, has announced project awards and completed campaigns with CNR International, Perenco and Spirit Energy, among other production and exploration majors.