Upstream news
Consortium of Africa Oil, Delonex and Vitol announces acquisition of producing assets in deepwater Nigeria
The Consortium has announced that it has entered into a Share Purchase Agreement to acquire a 50% ownership interest in Petrobras Oil and Gas B.V.
"Investment in front-line oil and gas safety should be reviewed following cost cutting"
Malaysian oil and gas leader Sofiyan Yahya will encourage industry to review investment in ‘front line’ safety practices at a global conference in Kuala Lumpur on 7 November.
ESAI Energy: product markets will undermine crude
Recent analysis projects a 2019 recovery in oil demand from quite slow growth in 2018 due to weak demand in China and demand contractions in the Middle East and Latin America.
Seismic Technologies business of Fairfield Geotechnologies to be acquired by Magseis
The transaction combines two highly complementary businesses to create a leading provider of marine seismic solutions, including Ocean Bottom Seismic.
ADNOC Onshore awarded contract to Weir Oil & Gas pressure control for supply of equipment and services
First wellhead production agreement delivers on ADNOC’s UAE in-country value commitment.
GlobalData: KG basin will play crucial role in India’s move towards natural gas-based economy
The commerciality of India’s deepwater and ultra-deepwater developments has been positively affected by the continuing low costs in the service sector.
Faroe Petroleum granted drilling permit for well 31/7-3 S in production licence 740
The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-3 S, cf. Section 15 of the Resource Management Regulations.
Changing the face of inspection in the North Sea
An Aberdeenshire based firm of integrity management experts, PIM, has developed PIM Optimum, a smart integrity management solution.
Industry bodies join forces to strengthen UK subsea supply chain
The ways in which subsea supply chain companies can work together to improve the competitiveness of the UK Continental Shelf (UKCS) will be explored at an event in Aberdeen next month.
ESAI Energy: crude-by-rail volumes higher in 2019
Crude delivered by rail from the Bakken is expected to grow from an average of 230 000 bpd this year to about 300 000 bpd in 2019 as production growth fills available pipeline capacity.