Upstream news

The most prospective basins for new discoveries and undeveloped gas resources in Malaysia are in offshore Sarawak, which Wood Mackenzie estimates has 17 trillion ft3 of discovered and undeveloped gas that is commercially viable.

The workshop in Juba, South Sudan, will focus on domestic capacity building amongst South Sudanese companies across the oil value chain, and focus on training executives on securing contracts within the local oil and gas sector.

Following the completion of the transaction, Braemar will be the largest shareholder in AqualisBraemar with an initial shareholding of approximately 26%, potentially increasing to 33% depending on business performance.

The company’s latest research reveals that the combined upstream investment in Africa from CNPC, Sinopec and CNOOC will be just over US$15 billion between 2019 and 2023.

Penspen currently provides asset integrity services to a number of clients in the region,

CGG will perform high-end time and depth imaging of massive volumes of very high-spec data from what is believed to be the world’s largest ocean-bottom node (OBN) seismic survey to date.

The new system will involve monitoring of the turret mooring system on a new-build FLNG facility being built in South Korea for ENI’s Coral South project offshore Mozambique.

Headquartered in the US, TerraSond is a multidisciplinary geospatial and geophysical business with experience working for clients in oil and gas.

Unity’s Temporary Abandonment Cap Test Tool (TACTT) was deployed to support an end of life project located in the Southern North Sea.

"After losing pricing power in 2015 and 2016, oilfield service companies have since regained some of the lost ground, thanks first and foremost to industry consolidation among players that has concentrated the market over the past couple of years,” said Audun Martinsen, head of oilfield service research at Rystad Energy.