Upstream news

The well will be drilled from the Scarabeo 8 drilling facility.

Recent developments and discoveries in the offshore Eastern Mediterranean gas industry, specifically the Levant Basin, are providing significant opportunities for companies that can offer products capable of withstanding harsh environments.

This acquisition strengthens 3T Energy Group’s global offering and is part of its strategy to transform the training sector with technology to enable people and companies to work safer, smarter and more efficiently.

The company has signed a major Engineering, Procurement, and Construction contract by Middle East Oil Refinery for the modernisation and expansion of their existing complex near Alexandria, Egypt.

GlobalData’s latest report, ‘Top Oil and Gas Companies Planned Projects and Capital Expenditure Outlook in Europe – Equinor Leads Capital Spending Across Oil and Gas Value Chain’, reveals that Equinor ASA tops the companies European spend list.

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.

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.

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.

The transaction combines two highly complementary businesses to create a leading provider of marine seismic solutions, including Ocean Bottom Seismic.

First wellhead production agreement delivers on ADNOC’s UAE in-country value commitment.