Upstream news

The vessel is currently in Port Fourchon, Louisiana, completing final outfitting and preparing for project work scheduled to begin in June.

LiveRoute helped Shelf Drilling deploy Microsoft Azure and Office 365 to become an agile and scalable cloud-based organisation.

BP and partners have taken a final investment decision (FID) on the Azeri Central East (ACE) platform, the latest phase at Azerbaijan's super-giant Azeri-Chirag-Guneshli (ACG) oilfield. The US$6 billion project will be one of the biggest upstream FIDs of the year.

The assets being acquired produced approximately 72 000 boe/d in 2018.

Since its last report Transocean added approximately US$373 million in contract backlog, bringing total backlog to US$12.1 billion.

Over the last 15 years, the adoption of digital oilfields has gained impetus due to advancements in technologies for sensing, automation, connectivity and data analytics, according to GlobalData.

The oilfield services provider recorded revenue of US$7.9 billion in 1Q19, a decrease of 4% sequentially but a 1% increase y/y.

The contract between the two companies, which began in March 2016, has been extended for a further five years.

The company has signed an exploration and production sharing agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant Joint Operating Agreement.

Paul Helmore will oversee all aspects of the group’s commercial activities, ensuring that it fully realises the commercial potential of its three vessel fleet.