Upstream news
McKinsey report: US gas to hit below US$3/mmbtu in the next ten years
The report reveals US gas economics will reach below US$3/mmbtu in the next ten years due to ample supply, which will support North American gas exports and unlock further demand growth domestically.
Fotech technology enhances downhole imaging capabilities
The Helios Quasar solution is designed to provide more meaningful seismic and microseismic data.
ITC Global wins fleet communications contract with Rever Offshore
The three-year agreement will establish VSAT and supporting 4G LTE coverage for Rever’s three offshore support vessels – the Sapphire, Topaz and Polaris – operating throughout the North Sea.
New satellite data highlight large underreporting of hydraulic fracturing activity
Kayrros found that in 2018 alone, more than 1100 wells were completed in the Permian Basin but not reported through state commissions or FracFocus, a public repository for information on the chemicals used during fraccing.
Glamox awarded long-term contract with Aker BP
Glamox has announced the signing of a framework agreement with the Norwegian oil company Aker BP.
Emerson helps complete first Caspian subsea project ahead of schedule and under budget
Capital project, automation expertise help optimise operations at BP-operated Shah Deniz 2 to ensure safe, reliable production.
Deep Imaging releases shale technology for detecting completion problems
The technology aims to address parent/child well interference and other completion problems that are contributing to shale well underperformance.
TechnipFMC awarded North Sea EPCI contract by Neptune Energy
TechnipFMC will manufacture, deliver and install subsea equipment at the Seagull project in the Central North Sea.
Vaalco Energy finalises exit from Angola
A settlement agreement provided for a cash payment of US$4.5 million from Vaalco to Angola's National Concessionaire.
Seadrill Partners announces contract award
The contract is for the West Polaris drillship in Southern Asia.