Upstream news

The ‘Revitalising the UKCS’ conference session has been added to the Subsea Expo event.

The company has provided an operational update on Standard Exploration Licence (‘SEL’) 1/11 that contains the Barryroe oil accumulation.

Specialist subsea project delivery firms James Fisher Offshore (JFO) and First Subsea have joined forces to launch a revolutionary cut and lift product that promises to streamline decommissioning projects worldwide, simplifying operations whilst reducing costs and risk.

Entering into 2019, the global oil and gas industry remains cautiously optimistic as recovering oil prices have boosted companies’ profits and a rebound in new projects is expected.

OMV and Sapura Energy Berhad have closed the agreement to form a strategic partnership.

Single-plane, three-charge system is up to 3.5 times shorter than traditional perforating guns, enhancing well-completion flexibility and operational efficiencies.

Driven by its significant investment in Guyana, ExxonMobil is leader of the pack among the top oil and gas explorers of 2018, according to Rystad Energy’s annual exploration review.

The Oil and Gas Authority (OGA) has launched the Supplementary 31st Offshore Licensing Round, presenting an exceptional opportunity for oil and gas companies to collaborate to maximise economic recovery of up to 300 million boe in the Greater Buchan Area.

Helge Beuthan, currently Vice President for Global Subsurface Evaluation, will take over the duties of Dr. Uwe Salge in Abu Dhabi on 1 February.

The EnCounter acquisition is the second transaction executed by Talon, as the Company looks to build on its newly incorporated UK North Sea strategy.