Upstream news

Aker BP ASA, operator of production licence 028 B, has concluded the drilling of appraisal wells 25/10-16 S, A and C on the Hanz field, as well as wildcat well 25/10-16 B drilled in production licence 915 just southeast of the Hanz field.

The company has announced that the Cormorant-1 exploration well on Petroleum Exploration License 37 (‘PEL 37’) offshore the Republic of Namibia encountered non-commercial hydrocarbons.

The company has appointed Davor Saric as its new Technology Director to help deliver the company’s next generation of disruptive technologies.

Following recent statements by Fluvio Ruiz Alarcon, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.

The company has announced a major gas discovery on the Glendronach prospect, located offshore U.K. West of Shetland.

Equinor has awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig. Drilling start-up is scheduled for the summer of 2019.

Steve Mitchell has been appointed to the Senior Management team at ASCO, taking up the role of Operations Director (Scotland) as the materials management company continues its drive for efficiency through digitalisation.

Gastech 2018 has closed with the organisers reporting in excess of 30 000 attendees over four days - a record for the 30th edition of the event - laying a strong foundation for the 2019 event in Houston.

The Romanian government has proposed a reduced royalty and additional tax structure for offshore investments, allowing a larger proportion of capital investments to be deducted for tax purposes.

The company has announced that it has signed a Sale & Purchase Agreement (SPA) for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of ITOCHU Corporation.