Upstream news

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.

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 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.

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.

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 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 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 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.

A Low Motion Semisubmersible (LMS) developed by the Keppel-NUS Corporate Laboratory, an industry-university partnership between Keppel Corporation and the National University of Singapore (NUS), has been awarded the Prestigious Engineering Achievement Award 2018 under the category of Applied Research and Development by The Institution of Engineers, Singapore (IES).

Baker Botts, L.L.P., a leading international law firm, announced that it has represented BHP Billiton in its binding agreements for the sale of its entire interests in the Eagle Ford, Haynesville, Permian and Fayetteville Onshore US oil and gas assets for a combined base consideration of US$10.8 billion, payable in cash.