Upstream news

Coretrax, the independent wellbore clean-up and abandonment specialist, has received a substantial investment from private equity firm Buckthorn Partners to accelerate its ambitious international growth plans.

Frontera Resources Corporation has announced that on 11 December 2018 it signed a term sheet with a New York, U.S.A.-based fund seeking to secure a loan of up to US$60 000 000.

The International Marine Contractors Association’s (IMCA) has published its latest Dynamic Positioning (DP) StationKeeping Bulletin. Published quarterly, the Bulletin is a reliable channel for providing feedback on DP events to the industry.

SA Equip has appointed Scan Tech AS, specialists in the provision and maintenance of hazardous area equipment as their exclusive distributor for Norway.

Total and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania.

The company has invited NGOs, who wish to do so, to visit its installations to understand the precautionary measures taken on its drilling rig.

Eni Oman BV in partnership with Oman Oil Company Exploration and Production has awarded Shearwater GeoServices a seismic survey in Block 52, offshore Oman.

The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 36/1-3, cf. Section 15 of the Resource Management Regulations.

The ramp-up of Vandumbu will lead to a total production of about 170 000 bpd.

Vår Energi is the largest independent exploration and production company on the Norwegian continental shelf, with a net production rate of more than 170 000 boe/d in 2018.