Upstream news
Aker Solutions to develop digital twin for Wintershall’s Nova field
Aker Solutions has been appointed by Wintershall AS to build a complete digital replica of the Nova production system to enable data driven engineering, production and maintenance decisions.
API promote safe US energy development with release of Recommended Practise 54
The document provides procedures for promoting and maintaining safe and healthy working conditions for personnel in drilling and well servicing operations.
Significant growth planned for Wintershall DEA
The new company seeks to increase Wintershall’s and DEA’s joint average daily production by around 40% between 2021 and 2023.
N-Sea announces multi-million pound North Sea contract wins
UK and Netherlands-based subsea provider N-Sea has announced that it has been awarded two new contracts.
MOL Group 2018 results: Highest EBITDA since 2011
Clean CCS EBITDA rose by 16% in the last quarter compared with Q4 2017 resulting in an EBITDA of US$2.69 billion for 2018.
Equinor: Natural gas contributes to the low carbon future
Equinor sold natural gas for around US$26 billion in total in 2018, an increase of 29% from 2017.
GlobalData: Romania’s frequent legislative changes provide unstable climate for gas investments
Successive changes to Romania’s regulatory framework governing the oil and gas sector have made for an uncertain investment climate, according to GlobalData.
Weatherford successfully pursues patent infringement lawsuit against Tesco
Intellectual property violation centred on tubular running mechanisation.
Rystad Energy: Volumes from new oil and gas projects set to triple in 2019
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.
UKOG announce completion of Horse Hill acquisition
The company has completed the previously announced acquisition of the 6% shareholding in Horse Hill Developments Ltd from Doriemus PLC.