Upstream news

In February, US crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the US surpassed Russia in crude oil production for the first time since February 1999.

After signing a multi-year agreement with CGG, Terrafirma has become one of the first UK companies to include the latest-generation MotionMap UK data.

Ashley Kelty, oil & gas research analyst at Cantor Fitzgerald Europe, comments on the impact of Hurricane Florence on oil prices.

The company has announced that its Mexican subsidiary, IEnova has signed a long-term contract with British Petroleum for the remaining 50% of the initial capacity of the proposed Baja Refinados liquid fuels marine terminal in Baja California, Mexico.

The company has successfully supplied three ProSalt™ units to Equinor for the Johan Castberg field development project.

The company has been awarded a 2017 American Equity Underwriters, Inc. Safety Award for its strong commitment to safety in the workplace.

The parties have agreed to continue negotiations on an exclusive basis, with a view to forming a strategic partnership.

The company has announced that the fifth well in its current Niger drilling campaign was spudded on 8 September 2018.

Senex Energy Limited and GLNG have agreed separate gas sales arrangements to progress an initial development area of the Western Surat Gas Project (Roma North), paving the way for a Final Investment Decision of an initial 16 TJ/d gas development, with expansion potential.

The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 6407/11-1, cf. Section 15 of the Resource Management Regulations.