Upstream news

The company has announced the execution of a Share Purchase Agreement for the acquisition of Chevron Brasil Upstream Frade Ltda.

The US was undoubtedly the ‘most valuable player’ of 2018 global oil and gas M&A activity, accounting for more than two thirds of the total oil and gas deal value – a record high share – according to a new report by Deloitte.

The company has had a presence in Norway for six years and a local business development manager who acted as a focal point for clients in the region.

However, chronic midstream infrastructure bottlenecks and low price environment can limit the progress of the oil and gas industry, says GlobalData.

During the December quarter, Triangle Energy (Global) Limited (Triangle, the Company) delivered a 93% increase in production over the previous quarter.

Paradigm Drilling Services (PDS) part of The Paradigm Group; a set of global Dutch innovation and technology companies, for the upstream oil and gas industry, has rebranded its entire suite of drilling tools.

The Rt Hon Liam Fox MP, UK Secretary of State for International Trade and President of the Board of Trade, is the latest speaker confirmed for IP Week 2019, alongside high-profile figures from the world of energy.

The agreement is for two firm wells plus two contingent wells, with the contingent wells dependent upon evaluation of the Koburra 2D seismic programme.

The partnership will see both companies work together to deliver a range of efficient, high-quality subsea solutions to improve data acquisition.

The company has reported that the TLP-103C well at its Tilapia licence in the Republic of the Congo has intersected the targeted Djeno horizon and that hydrocarbons were encountered.