Upstream news

The platform offers a ‘single pane of glass’ for M&A actionable intelligence with unprecedented transparency.

Following execution of term sheet on L15, as announced on 31 December 2018, a wholly owned subsidiary of Doriemus has now executed the Farmout Agreement with a wholly owned subsidiary of Rey Resources Limited.

The Norwegian Petroleum Directorate is giving a green light to using the C platform on the Gullfaks field in the North Sea until 30 June 2036.

The company has provided an update on operations following the end of the first half of its 2018-2019 financial year which ended on 31 January 2019.

The fully-managed crew Wi-Fi portal is a key component in a new service package powered by Fleet Xpress that incentivises ship owners and operators to enhance connectivity for crew.

New contracts include projects with Repsol, Total and DEA Group. Neodrill’s CAN technology delivers a smarter well foundation through the installation of conductors at pre-rig stage.

Following the recent news that ExxonMobil Corp has discovered a significant gas field offshore Cyprus via the Glaucus-1 exploration well, Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData,offers his insight on the matter.

Pentag Gears and Oilfield Equipment Ltd, a designer and manufacturer of gearing and machinery, has completed the delivery of its 35th beam pump for Wytch Farm oilfield in Dorset.

International energy consultancy Xodus Group has expanded its decommissioning offering with the appointment of its first well decommissioning manager.

After activity levels fell to only 240 subsea trees installed globally in 2017 – the lowest level since the turn of the century – Rystad Energy forecasts that over 350 subsea trees will be installed per year by 2021.