Upstream news

Glaucus is a giant,” Robert Morris, senior research analyst, Europe upstream, at global natural resources consultancy Wood Mackenzie, said. “It will be one of the biggest discoveries of the year.”

This award is a continuation to the FEED (front end engineering design) contract awarded in April 2018.

The ProTension™ STT is ideally suited for oil wells that will eventually require artificial lift.

The company has announced that approval has been given by the Kurdistan Regional Government regarding the acquisition of stakes from Chevron in the Sarta and Qara Dagh blocks, in the Kurdistan Region of Iraq.

This will complete the sale of Weatherford's land drilling operations in Algeria to ADES International Holding PLC.

The drilling programme includes the development of the Luno II field and the Rolvsnes discovery in the Norwegian North Sea, with contract commencement expected in Q2 2020.

The company has announced the award of a substantial contract by BP Exploration for the provision of subsea construction, inspection, repair and maintenance services covering BP’s North Sea region portfolio of assets.

The duration of the contract is now firm until 2023, plus 2 yearly options thereafter.

Automatic Top Up Units (ATUs) enable the automatic refilling or topping up of Plan 53B barrier systems which maintain a constant barrier fluid supply through the seal system to the pump shaft seal, preventing leakage of the process fluid to atmosphere.

NSE has worked closely with ICIS to design a robust system that brings international best practice to help customers in India to access global crude markets.