Upstream news

Independent Oil and Gas plc (IOG) has confirmed that the funding of its 100% owned and operated Harvey appraisal well has now closed, with terms as announced on 17 August 2018.

Petrobras has awarded Zentech a three-year contract, with the option to extend in the future.

geoSCOUT is a complete solution that helps oil & gas professionals track activity, assess opportunities, optimise wells and manage both conventional and unconventional reservoirs.

This drilling system will be used for oil and gas drilling activities in shallow to medium water depths all around Asia, particularly the South China Sea.

This acquisition is strategically important to EM&I's growth plans.

The company has appointed Nadir Rahmatullah as the commercial and strategy director of its Middle East and Caspian operations.

Gas from the field is sold into the national grid run by Transgaz at the Romanian market prices of circa €6/thousand m3.

The Oil & Gas Innovation Centre (OGIC) is supporting three new research projects centred on how digitalisation can improve efficiency and provide cost savings to the oil and gas industry.

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.

The company has announced the appointment of Daniel McAteer as its Head of Brownfield.