Upstream news
NPCC and Petrofac JV awarded offshore contract by Al Yasat Petroleum
The scope of work includes the submission of a FEED package and proposal for the engineering, procurement, construction and installation (EPCI) for the Belbazem Block Development Project, located offshore Abu Dhabi, UAE.
Neptune Energy acquires interest in German oil and gas fields from Wintershall
The acquisition adds approximately 6001 boe of daily net production to Neptune’s production in Germany – an increase of approximately 5%.
Shell completes sale of Gulf of Mexico Caesar-Tonga asset to Equinor
The total cash consideration was US$965 million.
Lundin Petroleum releases 1H19 report
11 wells were drilled and four discoveries made by the company in 1H19.
Rystad Energy finds employment is shifting from shale to offshore
The offshore industry gradually increased the overall headcount of the top 50 oilfield service companies from 2017 to 2018.
LAGCOE announces winners of 2019 New Technology Showcase
The winning technology will be featured at the 2019 Technical Exposition and Conference, 9 - 11 October in New Orleans, Louisiana, US.
Wood Mackenzie: Is Tight Oil inc on the verge of sustained free cash flow generation?
Wood Mackenzie's corporate analysis team asks if Tight Oil inc is on the verge of sustained free cash generation.
Woodside awards contract to Boskalis Australia for Scarborough seabed intervention works
The contract is for preparatory activities related to offshore deepwater excavation, pipeline crossings, nearshore and shore crossing works for the export trunkline which connects Scarborough to onshore processing infrastructure.
ICoTA European Chapter seeking entries for Innovation Award
The award recognises a service company or operator who has pushed the boundaries of well intervention and coiled tubing technology.
Africa Oil Week and Menas Associates release Africa Oil and Gas Outlook for 2019
Experts predict that 2019 and beyond will see deep offshore exploration and mega gas finds in Africa.