Upstream news
Equinor announces 3Q18 financial results
The Norwegian company has reported adjusted earnings of US$2 billion after tax in 3Q18, and reduced its net debt ratio by 1.5% to 25.7%.
Interior approves first oil production facility in federal waters offshore Alaska
Interior’s Bureau of Ocean Energy Management (BOEM) issued conditional approval to Hilcorp Alaska LLC for its Liberty Project oil and gas development and production plan.
Woodside Energy: GWF-2 commences production
The company has announced that the Greater Western Flank Phase 2 (GWF-2) Project off the north-west coast of Australia has commenced gas production.
AGR appoints new head of Reservoir Management in Norway
The company has appointed André Sæthern to head the company’s Reservoir business in Norway.
Rovco expands ROV fleet with new Falcon DR ROV
The company has expanded its ROV and hydrographic survey capabilities with the addition of a Saab Seaeye Falcon DR ROV to its fleet.
DNV GL forecasts faster, more agile oil and gas production techniques as industry adapts to the energy transition
The technical advisor to the sector sees fossil fuel production needing to become more socially conscious and cost-competitive against an increasing share of renewables in the global energy mix in the coming decades.
PD&MS secures further contract renewal with Chrysaor in North Sea
The award will see the firm continuing to support all of the operator’s North Sea facilities, including the Lomond, Everest and Armada installations.
Pan Orient Energy Corp.: L53-DD1 Thailand oil discovery
The company has announced that the L53-DD1 exploration well encountered an interpreted, combined 26 m of net oil pay.
Aker Solutions wins subsea order for Lingshui field development in China
The company received a notification of award for orders valued at more than NOK 1.7 billion from the China National Offshore Oil Corporation to provide the subsea production system and umbilicals for the Lingshui 17-2 gas field.
Blue Water Energy LLP to partner with Apex International Energy
London-based Blue Water Energy, Warburg Pincus LLC and the IFC are jointly providing funding to support Apex’s investment programme, including drilling, asset acquisitions and corporate transactions.