Upstream news

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.

Bureau of Safety and Environmental Enforcement has activated its Hurricane Response Team as Hurricane Michael enters the Gulf of Mexico.

The company has announced that its wholly owned subsidiary, Serica Energy (UK) Limited, and BP have received a conditional License and assurance from the U.S. Office of Foreign Assets Control relating to the UK North Sea Rhum field.