Upstream news

Wood Mackenzie's research analyst Jean-Baptiste Berchoteau comments on the announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs.

Siccar Point Energy has signed an agreement with its existing syndicate of banks to increase and extend its existing Reserves Based Lending Facility.

Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.

Three of Highlands’ projects are now revenue generating. The expansion of East Denver to eight producing wells by the end of this year is expected to deliver sufficient cash flow to cover overhead costs for 2019.

Sercel has been awarded a contract by BGP to supply land seismic equipment for a large onshore 3D seismic survey in the Middle East. The contract includes 100 000 Sercel 508XT channels equipped with strings of 12 SG-10 geophones.

The £5 million fund aims to provide opportunities for the supply chain in Scotland.

The company, which is now part of the 3T Energy Group, has introduced 0% finance packages to help people finance training for potential jobs in the global energy sector.

The company has published an annual survey, which includes the Collaboration Index, measuring the effectiveness of companies as partners in collaboration.

The company, together with partners Esso Exploration and Production UK Limited and Arco British Limited, LLC, has announced the final investment decision for a Shearwater gas infrastructure hub in the central North Sea.

The Norwegian Petroleum Directorate has granted Wellesley Petroleum AS a drilling permit for well 35/4-2, cf. Section 15 of the Resource Management Regulations.