Upstream news
Rystad Energy: BP embraces shale in bid to maintain global production profile
The deal, one of the largest acquisitions in BP’s history, gives the company secure access to new projects that can contribute on a large scale to growing its production.
Amerisur Resources acquires Gulfsands Putumayo 14 block in Colombia
Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, has announced that it has signed a farm in agreement (FIA) with Gulfsands Petroleum Plc (Gulfsands) for the acquisition, subject to Agencia Nacional de Hidrocarburos (ANH) approval, of 100% Operated working interest in the Putumayo 14 (Put-14) block in Colombia.
Novatek spuds first North Obskiy well
PAO NOVATEK announced that its subsidiary OOO Arctic LNG 3 commenced drilling of the first well at the North-Obskiy license area located in the shallow waters of the Ob Bay. The initial well is drilled using a jack-up floating drilling rig “Amazon” leased from “Gazprom flot”. The drilling process is based on zero discharge principle, whereby all of the waste products are collected and transported 125 km to Sabetta onshore base.
Angola’s major deep offshore Kaombo Project comes onstream
Total has started up production of Kaombo, currently the biggest deep offshore development in Angola, located on Block 32, 260 km off the coast of Luanda.
Savannah Petroleum spuds Eridal-1 well
Savannah Petroleum PLC, the West African focused British independent oil and gas company, has announced that the fourth well in its current Niger drilling campaign, Eridal-1, was spudded on 27 July 2018.
GlobalData: Mexico’s new government offers nothing new with its refining optimisation strategy
Adrian Lara, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the impact on the upstream sector.
CGG announces the appointment of Yuri Baidoukov as Group CFO
Yuri Baidoukov brings 25 years of international Oil and Gas industry experience to CGG. He will be based in Paris and report to the Chief Executive Officer, Sophie Zurquiyah.
TWMA re-awarded multi-million pound contract with Apache North Sea, Limited
TWMA has supported Apache on the project since 2013 and this contract award is the latest in a round of contract successes for the company.
Triangle Energy: operations update
Triangle confirms that after following the requirements in its Oil Pollution Emergency Plan (OPEP) and conducting the required safety and environmental assessments, the Company has stood down its Incident Management Team (IMT).
Total records better-than-expected 2Q18 profits
Total has reported an increase of 44% on its adjusted net profit for 2Q18. The oil and gas major said its profit for the period was US$3.6 billion, surpassing analysts’ expectations of US$3.4 billion.