Upstream news

Successive changes to Romania’s regulatory framework governing the oil and gas sector have made for an uncertain investment climate, according to GlobalData.

Intellectual property violation centred on tubular running mechanisation.

A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide could see sanctioned volumes of oil and gas – excluding shale and tight oil and gas prospects – nearly triple compared to last year’s tally.

The company has completed the previously announced acquisition of the 6% shareholding in Horse Hill Developments Ltd from Doriemus PLC.

The survey will be carried out in the Campos Basin in Brazil.

Neptune Energy and Sonatrach have announced that first gas has gone in to the Touat project in Algeria as part of project commissioning.

The company has started the production of oil and natural gas of P-76, the third platform to enter production in the Búzios field.

Upon the plant’s completion in 2020, Halliburton will begin local manufacturing of specialty chemicals to help customers achieve production and reliability goals in applications from the reservoir to the refinery.

Jason 10.0, HampsonRussell 10.4 and PowerLog 10.0 also feature advanced machine learning capabilities and greater cross-product integration.

The endorsement follows a decade of efforts by Equatorial Guinea to join the initiative, which seeks to address key governance issues of transparency and accountability in the extractive sectors.