Upstream news
Ampelmann inks two new contracts in Asia Pacific
Two A-type systems have made their way to India and Indonesia, respectively, and will enable both short- and long-term Walk to Work operations.
Deal struck for management buy-out of integrated advisory service at Drilling Systems
The company, which is part of the 3T Energy Group, has sold the consultancy side of its business in a management buy-out.
ADES secures a seven-year contract in Saudi Arabia
The renewal for Admarine 657, which is currently contracted and operating in Saudi Arabia, is effective after the expiry of its existing contract during Q1 2019.
Western Gas selects McDermott and BHGE as development partner for Equus Gas Project
The companies have signed a memorandum of understanding with Western Gas Corporation Pty Ltd to be the exclusive development partners for the Equus Gas Project in Western Australia.
i3 Energy provides Serenity update
Serenity provides i3 with exposure to low cost and potentially high return upside that could be tied in to either its Liberator Phase I or incremental Phase II infrastructure.
ExxonMobil makes FID to develop West Barracouta gas project
The project, located in the VIC/L1 block offshore Victoria, is part of the company’s continuing investment in the Gippsland Basin.
Acteon acquires Deepwater Corrosion Services
The acquisition enhances Acteon’s subsea integrity management offering.
WoodMac: Chevron loses second major production asset in South East Asia
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 increases existing reserves based lending facility
Siccar Point Energy has signed an agreement with its existing syndicate of banks to increase and extend its existing Reserves Based Lending Facility.
GlobalData: Brazil’s 2019 bidding round expected to generate an exceptional revenue for Brazil
Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.