Upstream news
Apex Consulting: Supermajors Cost Index – Has cost efficiency peaked?
Given the recent pick up in capital spending after years of deep cuts, Apex Consulting has updated its Supermajors Cost Index to determine how the industry has performed in developing its reserves in recent years.
WoodMac: China better positioned to take on this winter's gas demand
Wood Mackenzie's senior consultant, Wen Wang, explains how new policies and ramped up domestic production will prevent regional gas shortages.
Siemens: Protecting pumps in hazardous areas easily and reliably against dry running
A new type of detection technology from Siemens protects centrifugal pumps from dry running in hazardous areas.
Wood secures US$53 million of contracts supporting ADNOC Onshore
Wood has been awarded three new, call-off contracts totalling US$53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC).
Well-SENSE enhances capability with the launch of Active FLI
Active FLI builds on the capability of Well-SENSE’s novel fibre optic downhole data acquisition system with the addition of a range of discrete measurement devices.
Maersk Drilling sells jack-up Mærsk Giant
The company has entered into an agreement to sell the jack-up rig to an Australasian-based independent oil and gas operator.
OMV and Sapura Energy enter into a strategic partnership
The companies have signed a Share Subscription Agreement and a Shareholders’ Agreement.
Keppel secures production barge upgrade contract from KrisEnergy for S$30m
Keppel Shipyard's scope of work on the production barge for KrisEnergy includes installation of a power generation module, electrical house, new accommodation units and other refurbishment works.
Lundin Norway ASO awards an EPCI contract to WorleyParsons
The services include planning, engineering, prefabrication, offshore installation and commissioning support.
Empyrean Energy: independent firm confirmed 9% oil in place increase for prospects in China
Gaffney, Cline & Associates, an independent petroleum advisory firm, has completed its audit of the oil initially in place estimates over the Jade, Topaz and Pearl prospects identified in Block 29/11, Pearl River Mouth Basin, offshore China