Upstream news

The company has announced that it has signed a new gas supply agreement with O-I Australia for the supply of gas for 2019 from its Casino Henry gas production in the Otway Basin offshore Victoria.

The company has signed on semi-submersible rig Mærsk Deliverer with Eni for an exploration well offshore Timor-Leste.

The companies have announced that they have entered into an agreement under which IPC will acquire all of the shares of BlackPearl based upon a share exchange ratio of 0.22 shares of IPC for each BlackPearl share.

Subsea 7 S.A. has announced the award of a contract by Tullow Ghana Limited on the Jubilee field, offshore Ghana, in water depths of up to 1000 m.

A multi-billion-pound industry that can deliver effective climate action and a viable future for the UK’s oil and gas industry is being imperilled by slow decision-making within government, a parliamentary committee will hear today.

Svetlana Doh, Oil and Gas Analyst at GlobalData, offers her view on the impact on the upstream sector.

Two of the leading offshore drilling contractors have agreed to merge creating an industry-leading drilling contractor capable of working across all water depths with a truly global footprint.

As the offshore industry shifts further away from large scale greenfield development and towards scaled, fit for purpose solutions, MSI’s Gregory Brown looks at the implications for a supply chain built to deliver monolithic structures.

The Norwegian Minister of Petroleum and Energy, Kjell-Børge Freiberg, has officially opened the power-from-shore solution which will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years.

The company's indirect wholly-owned subsidiary, Anasuria Hibiscus UK Limited, has entered into a conditional sale and purchase agreement with Caldera Petroleum (UK) Limited.