Upstream news

Alba has also been advised by the Operator that preparations for the planned drilling start of HH-1z and HH-2 in the second quarter of 2019 are nearing finalisation.

In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks. Wood Mackenzie eastern Asia upstream research analyst, Xianhui Zhang, provides commentary.

The company will maintain its headquarters in London, England, with a significant presence in Houston, Texas.

The independent global completions service company has more than doubled its work in the UK offshore sector over the past twelve months.

The company has announced that it has signed an agreement to acquire 22.45% interest in the Caesar Tonga oilfield from Shell Offshore Inc.

The contract covers four separate surveys; three in the North Sea and one off the coast of Western Australia.

Headquartered in Houston, USA, Benthic adds deepwater and ultra-deepwater surveying capabilities to Acteon through its portable remotely operated drill (PROD) technology.

The new location will also offer a hub facility for the company’s expanded field service and parts stocking capabilities in the region.

Borets, a leader in the engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, has successfully installed its 250th permanent magnet motor (PMM) ESP system in the US.

The well is being completed as a producer in the Vivian formation in the northern portion of the Bretaña structure.