Upstream news

The company has announced the successful completion of drilling operations of the extended reach well, EA-H3.

A slump that began in late 2018 has carried over into the new year and the US$1.6 billion in 1Q19 deals is down 91% from 4Q18, and down 93% compared to 1Q18.

The company has announced it has acquired KnowledgeNet™ (KNet) software from Tunisia-based Integration Objects.

The company has been awarded new contracts in offshore drilling in Norway and Middle East totalling over US$200 million.

The oil and gas industry gets a hard time where environmental impact and sustainability are concerned, but an increasing number are identifying the value of their food wastes, explains Tidy Planet’s sales manager, Huw Crampton.

TDC 1972 ‘strongest competitor’ in mid-size rig market.

New service capabilities and deepwater technologies help customers outperform expectations.

ReStream’s technology monitors, analyses, and reports on-site frac fluid chemistry, rheology, and physical parameters into and out of the blender.

Edenhouse has guided the company through a system conversion, moving it from an existing on-premise ECC system to SAP’s next-generation ERP solution, S/4HANA.

As oil prices approach US$70/bbl, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and the cartel of oil producing countries, OPEC.