Upstream news
Rovco strengthens business development team to support continued growth
The company has established a business development team to support its growth plans, as it looks to increase its presence in key international markets.
LUKOIL drill second well in Yury Korchagin field
The single-bore well with horizontal completion was drilled from a jack-up rig.
Positive interest in UK’s 31st offshore licensing round
The United Kingdom’s latest offshore licensing round has attracted 36 applications covering 164 blocks in frontier areas of the UK Continental Shelf (UKCS).
Faroe Petroleum announces Rungne exploration well results
The Rungne exploration well 30/6-30 spudded on 19 October 2018 and was drilled to a total depth of 3469 m below sea level.
Paradigm Group expands with offices in China and the Middle East
Paradigm Group has recently opened offices in both China and the Middle East to cater for an increase in international sales and service demand.
TechnipFMC signs a surface technologies frame agreement with Chevron
This 5-year agreement covers the exclusive supply of surface wellhead equipment and service in the United States and Canada.
Penspen secures US$70 million contract with ADNOC Onshore
The project is for the provision of project management consultancy (PMC) services for the company’s 15 major projects and will cover different stages of engineering, procurement and construction (EPC) activities.
Schlumberger introduces new well testing technology
Concert well testing performance real-time technology delivers actionable information for better decision making and safer operations.
ADNOC to invest AED5.1 billion to upgrade its giant Bu Hasa field
This is an important step towards delivery of ADNOC’s 2030 smart growth strategy that seeks to increase its crude oil production capacity and reduce cost to create a more profitable upstream business.
Tidewater chooses UniSea to digitalise and standardise business processes
The UniSea software suite will be implemented on all Tidewater vessels and in all offices.