Upstream news
KBC releases Petro-SIM® 7 to disrupt traditional process simulation
Petro-SIM 7 will boost the value derived from production management and supply chain optimisation activities and reduce total cost of asset lifecycle simulation.
Terry Larkin appointed managing director at Pryme Group’s North Tyneside facility
Terry Larkin possesses more than 25 years’ experience in senior management positions with a track-record in managing transformational change projects, establishing positive reporting procedures and achieving double-digit growth year-on-year.
Block Energy Plc: agreement to acquire 100% interest in West Rustavi field
Block’s interest in the Licence is held via its 100% owned subsidiary Georgia New Ventures, Inc (‘GNV’) which is also party to the Agreement.
Lundin Petroleum complete exploration well on Pointer and Setter prospects
Lundin Norway AS has completed the drilling of exploration well 7121/1-2 S, targeting the Pointer and Setter prospects in PL767 in the southern Barents Sea.
RockRose Energy plc to acquire Marathon Oil UK
The company has announced that it has signed a share purchase agreement to acquire 100% of Marathon Oil U.K. LLC and 100% of Marathon Oil West of Shetland Limited from subsidiaries of Marathon Oil Corporation.
Andalas Energy & Power announce Colter well update
The Colter well (98/11a-6) has been drilled as a vertical well with the Ensco-72 jack-up rig and has reached a total depth of 1870 m MD in the Sherwood Sandstone.
Shearwater GeoServices awarded three 4D contracts by Equinor
The projects confirm Shearwater’s Isometrix crews will be active in 2019, on 4D projects in the North Sea and Barents Sea.
MODEC awarded contract of FPSO for SNE field offshore Senegal
The SNE deep-water oilfield is expected to be Senegal's first offshore oil development.
Oil & Gas sector logistics expert advises industry's EU traders to watch UK parliament closely this week
An oil and gas sector logistics expert has advised the industry’s EU traders to watch events in Parliament closely on Wednesday (27 February), as these could lead to the government effectively losing control of the Brexit process.
Enquest awards KCA Deutag a multi-million dollar contract for three UK North Sea platforms
Global drilling and engineering contractor KCA Deutag has announced that its Offshore business unit has been awarded a new drilling contract by Enquest Heather Limited for the Magnus, Thistle and Heather platforms.