Upstream news
ConocoPhillips announces 2019 capital budget and operating plan
The 2019 operating plan is expected to continue driving underlying improvement in return on capital employed.
Westwood: ‘Future commercial success depends upon integration of data’
No single technology will provide a ‘silver bullet’ to the challenges faced by Norway’s oil and gas industry, according to a new report out today from research consultancy, Westwood Global Energy Group.
Aker BP receives drilling permits
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 2/11-12 S cf. Section 15 of the Resource Management Regulations.
PGNiG’s Norwegian subsidiary closer to drilling its first exploration well as licence operator
PGNiG Upstream Norway AS has acquired a detailed 2D seismic image, which will facilitate the selection of a drilling location in the Shrek prospect within the PL838 licence area.
Maurel & Prom completes acquisition of Shell’s stake in Urdaneta West field in Venezuela
Maurel & Prom Venezuela, subsidiary of Maurel & Prom, has acquired Shell’s 40% interest in the Petroregional del Lago Mixed Company.
Brazil: Total and Petrobras take new steps forward in the scope of their Strategic Alliance
The companies have announced that they have achieved significant progress in the scope of their Strategic Alliance, signed in March 2017.
ConocoPhillips closes sale of 16.5% interest in Clair Field in United Kingdom
The company has completed its previously announced sale to BP of a ConocoPhillips subsidiary that holds a 16.5% interest in the BP-operated Clair Field for an undisclosed price.
Twenty million tonnes of oil produced at LUKOIL North Caspian fields
The Vladimir Filanovsky field accounts for the most significant gain in production.
SEACOR Marine: new joint venture to acquire UP Offshore
The new joint venture company is 49% owned by a subsidiary of SEACOR Marine and 51% owned by a subsidiary of Proyectos Globales de Energía y Servicios CME.
Subsea 7 awarded contract offshore US Gulf of Mexico
The company has announced the award of a sizeable SURF (subsea umbilicals, risers and flowlines) contract by BP for the Manuel project in the US Gulf of Mexico.