Upstream news
Shelf Drilling reports 1Q19 results
The company recorded revenue of US$147.2 million and Adjusted EBITDA of US$49.4 million in 1Q19.
Talon Petroleum acquires EnCounter Oil
Talon now holds 100% interests in EnCounter’s exploration licences in the UK North Sea.
Petrobras awards McDermott Sepia field project contract
The contract entails engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, offshore Rio de Janerio.
Eni makes oil discovery offshore Angola
The new discovery, in Block 15/06, is estimated to contain up to 250 million bbls of light oil in place.
Unity launches shallow intervention system
In its first deployment, the Surface Intervention System (SIS) was mobilised off the coast of Tunisia to set two frac sleeves on two wells.
NPD gives go-ahead for start-up of Trestakk field
Equinor, the operator of the field located in the Norwegian Sea, estimates recoverable volume to be 67 million bbls of oil and 1.4 billion m3 of gas.
Equinor increases share in Caesar Tonga field
The company’s share will increase from 23.55% to 46%.
Siccar Point Energy announces Blackrock exploration well results
The Blackrock exploration well is located in the West of Shetland.
Royal Dutch Shell forecast to spend US$1.5 billion in UK decommissioning through to 2025, says GlobalData
The company’s latest research reveals the top five companies with the greatest ABEX exposure from producing fields in the UK.
Union Jack Oil announces 2018 results
Union Jack Oil’s revenue increased by 250% in 2018, standing currently with a cash balance in excess of £2.5 million.