Upstream news

The company joins Airborne Oil & Gas’ prestigious shareholder base of Chevron Technology Ventures, Evonik Venture Capital, Saudi Aramco Energy Ventures, Shell Ventures, Subsea 7, Sumitomo Corporation and the private equity investor, HPE Growth Capital.

During 2018 Eagle Ford re-emerged as one of the lucrative destinations for oil and gas companies, according to GlobalData.

The company has announced that the Sirasun and Batur gas fields, which are part of the TSB gas complex in Kangean block in the Republic of Indonesia, commenced the production of natural gas on March 10.

Under this award, Borr will deliver a total of 9 offshore development wells to its customer under an integrated services model.

The company has entered into an agreement to acquire the remaining 30% of the Maromba field offshore Brazil for a total acquisition cost of US$25 million from Chevron.

Jo Firth and Priyabrata Pradhan, CGG, UK, explore the value in reprocessing legacy seismic data sets.

Feasibility studies in order to accelerate the exploitation of these new resources leveraging the synergies with existing facilities will start after finalising the discovery evaluation.

The SPE Aberdeen Section revealed the winners to an audience of almost 500 people, with categories covering technological innovation, company performance, and individual achievement and dedication across the UK offshore energy sector.

The company has announced that 10 000 bbls of Portland oil production has been reached at Horse Hill.

The MOU is designed to support a specialised development programme for Egypt’s middle management and young professional employees.