Upstream news

Agreements signed with the government of Namibia and NAMCOR will add approximately 7 million net acres to the company’s exploration acreage.

Sparrows Group has reinforced its leading position in the North Sea following contract renewals worth an estimated £30 million in revenue in the first quarter of 2019.

The US said on Monday that it won’t extend the sanctions waivers for eight countries importing crude oil from Iran. The move could remove around 1.1 million bpd from the market.

The company will acquire the Havyard 832 PSV vessel Olympus through its subsidiary Wanax AS.

The IMCN is an integrated upper and lower completions downhole solution that communicates wirelessly with instruments at the reservoir sandface.

According to a new report by Wood Mackenzie, Southeast Asia could take centre stage in the region's upstream M&A activity in 2019, with up to US$14 billion worth of assets potentially switching hands.

Evaluation of the discovery at the Blacktip prospect is ongoing, and appraisal planning is underway.

The company delivered a letter to Anadarko’s Board of Directors today, setting forth the terms of the proposal.

The company’s offshore business unit has been awarded an extension to its existing contract with CNOOC Petroleum Europe Limited for the Scott platform.

Enhancements to Mimic™ Simulation Software make it possible to simulate new process reactions and enhance safety checks for plant personnel training.