Upstream news

One of the oldest platforms on the Norwegian continental shelf, Statfjord A, operated by Equinor, was originally scheduled to be shut down in 1999.

The integration of Wintershall and DEA is expected to be completed in approximately one year.

Under the terms of the agreement, Eni will pursue exploration activities in the offshore area of over 2800 km2, located in the northern territorial waters of the Kingdom of Bahrain, with water depth ranging from 10 up to 70 m.

Spectrum owns the world’s largest 2D library of seismic data.

Adjusted earnings were US$4.19 billion in 1Q19, down from US$4.41 billion in 1Q18. Adjusted earnings after tax were US$1.54 billion, up from US$1.47 billion in the same period last year.

Contracts for six of the eight rigs were awarded to Gulf Drilling International (GDI), while the contracts for the remaining two rigs were awarded to Northern Offshore Drilling Operations Ltd.

Craig International will source and supply products for maintenance, repair and operations at Spirit Energy’s onshore and offshore sites in the UK.

The ForeSite Edge technology combines lift control, production optimisation and IoT infrastructure.

A new technique to monitor the long-term integrity of suspended or decommissioned oil and gas wells in the North Sea is in development via a collaborative project involving Sentinel Subsea, Heriot-Watt University and the Oil & Gas Innovation Centre.

The funds raised are to be applied to support ongoing works at the UK-based company’s Brockham asset, forthcoming works at the Balcombe asset, a seismic overview of the Lidsey asset and to fund the exploration of potential acquisition opportunities.