Upstream news

Over the past six months, the company has been awarded contracts for the Total Tyra redevelopment project, an inspection, repair and maintenance campaign for Repsol Sinopec, a decommissioning contract with Spirit Energy, and a scale squeeze scope for Premier Oil’s Huntington field.

The approval of the EIA sets the stage for PetroTal to continue with the full field development of the Bretaña oilfield in Peru's Block 95.

Kevin Swann, senior research analyst, North Sea upstream at Wood Mackenzie, said: “The deal continues the UK trend of smaller companies taking on assets from the majors."

Brandon Grosvenor, who will be based at the organisation’s office in Houston, will seek to increase engagement and extend the training network through regular forums.

Tremendous overspend by US shale firms continues to persist, says the energy research and consultancy.

The assets include the 108 000 bpd Jackfish oilsands project, which comprises about 88% of the valuation.

Through a farm-in agreement, signed with ExxonMobil Moçambique Exploration & Production Limitada (ExxonMobil) and authorised by Mozambican institutions, Eni has acquired a 10% stake in the three blocks. The blocks are located in the deep waters of Angoche and Zambezi Basins.

The partnerships are with drilling and FPSO operators with worldwide assets.

Chris Sugahara is to succeed Charles (Chuck) Davison as CEO of the company.

An oil and gas sector logistics expert has outlined six practical steps the industry’s businesses trading with the EU should be taking now to prepare for a no-deal Brexit.