Upstream news

The finalists have been announced for next year’s Subsea UK awards, which recognise the companies and individuals who are leading the way in the UK’s £7.5 billion subsea sector.

Churchill’s Drift Catcher™, run by operators across the globe to secure positive drift confirmations, celebrated its 2000 th run.

Following a drastic drop in the Waha Hub natural gas price earlier this week, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.

The company announced that it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion boe.

The company has closed the previously announced strategic deepwater Gulf of Mexico joint venture with Petrobras America Inc., a subsidiary of Petrobras.

Bringing more than three decades of diverse industry experience, Joe Sczurko moves into the role from his position as president - strategy and development for Wood’s Environment & Infrastructure Services.

The conference was for their senior technical managers and major ship owners and took place in their state-of-the-art Global Ships Systems Centre (GSSC) in Athens, Greece.

The companies have signed a strategic collaboration agreement to further develop digital offerings in engineering, operations and services.

Serica Energy plc has announced the completion of the acquisition of interests in the Bruce, Keith and Rhum fields and associated infrastructure in the UK North Sea from BP by Serica Energy (UK) Limited.

Under the terms of the three-year agreement, Petrofac’s Condition Monitoring team will provide onshore and offshore vibration analyses, and support TAQA in equipment troubleshooting and monitoring for its North Sea assets.