Upstream news

The supposed cut of 1.2 million bpd by OPEC+ is larger than some had expected, although still some way of what is really required to bring the market back into balance.

Leading ROV and hydrographic survey company, Rovco, has been awarded further funding to develop the next stage of its integrated live 3D vision and artificial intelligence (AI) survey technology.

The TE-10 well will test the North East Lakbir prospect in the Company's Greater Tendrara permit, and is located approximately 25 km to the northeast of the recently awarded Tendrara production concession.

Judy Peplinski, ATPI Griffinstone, discusses the importance of travel management for the oil and gas industry.

The Ministry of Petroleum and Energy has approved the plan for development and operation of the Troll Phase 3 development.

The company and its licence partners have submitted the report to the Ministry of Petroleum and Energy, with a final investment decision due early in 2019.

The Paus Biru-1 exploration well has resulted in a gas discovery.

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to provide an update on its initial work programme focused on achieving a 25 fold increase in production at its Norio oilfield to 250 bpd by H1 2019.

Equinor is stepping up its use of wired drill pipe to acquire subsurface real time data during drilling operations, in line with the corporate digitalisation strategy and to prepare for automated drilling.

As the market eagerly awaits an OPEC+ deal, non-OPEC producers continue to make gains. Sudan and South Sudan are likely to raise crude oil production in 2019, according to ESAI Energy’s recently published Africa Watch.