Upstream news

Key measures include the formation of upstream and downstream taskforces, the privatisation of some Sonangol subsidiaries, and the creation of a new regulator to manage concessions.

William Turner, senior research analyst at Wood Mackenzie, discusses 5 things to look for in the year ahead.

Iraq’s crude-oil production is gradually increasing thanks to expansion at previously delayed oil projects. However, the existing contracts are still not able to reach their full potential, according to GlobalData.

Soorya Tejomoortula, oil and gas analyst at GlobalData, comments on planned and announced crude and natural gas projects in Indonesia over the period 2018–2025.

The company has closed the previously announced transaction to sell its 100% owned subsidiary, OMV Tunisia Upstream GmbH, to a subsidiary of Panoro Energy ASA.

The appointments signal EnerMech’s strong intent to substantially expand the business across global energy, engineering and infrastructure markets.

The 2019 operating plan is expected to continue driving underlying improvement in return on capital employed.

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.

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 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.