Upstream news

Blackbuck Resources receives significant equity commitment from Cresta Energy Capital.

Tesorillo covers 38 000 ha in a proven hydrocarbon region and contains a known gas discovery, which is estimated to hold gross unrisked Prospective Resources of 830 billion cubic feet of gas (Best Estimate), with upside in excess of 2 trillion cubic feet.

The survey, located in water depths ranging from 2500 to 7250 ft., will employ two seismic source vessels and Fairfield Geotechnologies’ newest ocean bottom node technology, ZXPLR™.

The EM&I NoMan® remote camera technology has now been used to complete all the annual cargo tank inspections on an FPSO in the North Sea.

KUB-Gas LLC, Cub’s 35%-owned subsidiary which owns and operates the eastern Ukraine licenses, has announced the results of two recent operations.

Ability of technology to improve decision-making and drive profitability in global chemical manufacturing will be critical in meeting these challenge.

Europa Oil & Gas (Holdings) plc has announced that is has completed an updated prospect inventory for its 100% owned Frontier Exploration Licences (‘FEL’) 1/17 and 2/13 in the South Porcupine Basin, Atlantic Ireland.

Will Scargill, Senior Analyst at GlobalData, offers his view on the impact of these new tax measures.

Sound Energy, the Moroccan focused upstream gas company, has announced the appointment of JJ Traynor, the company's existing Chief Financial Officer, to the Sound Energy Board of Directors with immediate effect.

Preliminary production figures for June 2018 show an average daily production of 1 747 000 bbls of oil, NGL and condensate, which is an increase of 88 000 bpd compared to May.