Upstream news
Xodus study reveals potential £59 million saving ahead of decommissioning of North Sea field
A concept study and Front End Engineering Design (FEED) project carried out by Xodus Group has determined that a North Sea operator will save up to £59 million by adopting a Not Normally Attended (NNA) status ahead of decommissioning the field.
Shell leading the charge as world’s top oil & gas brand, ADNOC makes an entrance as fastest growing
Shell remains the world’s most valuable oil and gas brand as its value grew 7% over the past year to US$42.3 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy.
Wood Mackenzie: Aramco bond move underscores its vast ambition
Saudi Arabia’s NOC primed to become international energy powerhouse.
Atlas Oranto Petroleum to invest into gas following Equatorial Guinea’s gas project approval
Atlas Oranto Petroleum is expecting to be investing close to US$350 million on pooling supply from stranded gas fields in Equatorial Guinea and the Gulf of Guinea.
Reabold Resources: second oil discovery at Monroe Swell
The company has been informed of a successful drilling result and oil discovery at the Burnett 2B well in California, following on from the successful Burnett 2A well result announced on 11 March 2019.
SeaBird Exploration announce award of two new contracts
The company has secured contracts in West Africa and the Gulf of Mexico.
Vår Energi acquires new partner in the Balder and Ringhorne fields
The company has entered into an agreement with Mime Petroleum AS to divest 10% ownership interests in a total of six licenses across the Balder and Ringhorne fields on the NCS.
Subsea 7 awarded contracts offshore Saudi Arabia
The company has announced the award of two contracts from Saudi Aramco for conventional projects in shallow water offshore Saudi Arabia.
GA Drilling receives funding from Lead Ventures and signs Service Agreement with MOL Group
The aim of partnership is to enable GA Drilling to successfully deliver its first commercial application for Oil & Gas industry.
Vroon Offshore Services wins new contract with Total E&P Nederland B.V.
Under the new contract, Vroon’s specialist subsea-support, walk-to-work unit, the VOS Start will deliver offshore logistical support to a planned maintenance campaign in the Dutch sector of the Southern North Sea.