Upstream news

100 million bpd historic consumption milestone to be achieved by the end of the year as high-growth Asian economies fuel demand.

BHGE will work with the AFRC’s team of engineers and researchers to improve its manufacturing processes and delivery of services.

A leading oil and gas sector logistics expert has warned businesses trading with the EU to brace themselves for a period of disruption if the UK leaves the bloc without a withdrawal agreement.

Russia also has the highest new build capital expenditure (Capex) of around US$78.8 billion for the 2018 - 2022 period.

TGS and Schlumberger today announced a new multiclient nodal seismic project in the US Gulf of Mexico.

The company has announced that Woodside Energy Ltd has awarded KBR the Concept Definition engineering contract for the two gas FPSO facilities for the proposed Browse to North West Shelf Development, located offshore Western Australia.

The company has announced that it has completed drilling of the Pontoenoe-1 exploration well in Block 42 offshore Suriname.

The company has announced that it has received a letter of intent for supply, charter, and operations of a Floating Production Storage and Offloading vessel from Eni Mexico S. de R.L. de C.V., a wholly owned subsidiary of Eni S.p.A.

The company has announced that its wholly owned subsidiary, Murphy Exploration & Production Company - USA, has entered into a definitive agreement to form a new joint venture company with Petrobras America Inc., a subsidiary of Petrobras.

The company has announced that its wholly owned subsidiary OOO Arctic LNG 3 has completed the testing of the first exploration well at the North-Obskiy license area located in the shallow waters of the Ob Bay.