Upstream news

A total of 1766 blocks of open acreage is now available across the West of Scotland, the East Shetland Platform, the Mid North Sea High, South West Britain and parts of the English Channel.

A new Engineering and Technology Group is set to create up to 1000 new jobs across multiple UK based locations and generate annual revenues in excess of £100 million.

Mayan has a 17.3% interest in Deloro Energy LLC ('Deloro') which is invested in the Asphalt Ridge heavy oil sands project.

Petro Matad, the AIM quoted Mongolian oil explorer, has advised that the Snow Leopard-1 well (Petro Matad 100%) in the Taats Basin of Block V was spud on the 9 July 2018.

Aker BP and Aker Solutions are forming an alliance to deliver modification projects on three of Aker BP’s fields.

Carnarvon Petroleum Limited has provided the following update on the drilling of the Dorado-1 well.

Advanced surface coating technology company Hardide Coatings has appointed Mark Hanania as Business Development Engineer based in Houston, Texas to help drive growth in the oil, gas and energy sectors throughout North America.

Triangle’s Managing Director, Mr Rob Towner, said that Triangle’s full field re-modelling and subsurface re-interpretation included remapping and geological modelling extended to cover four recognised near field exploration areas.

The enthusiasm for newbuild orders across most shipping markets has started to wane after over US$10 billion were committed in Q1 2018. The total committed to new deliveries is now the lowest since the start of 2016.

The company, which has bases in Aberdeen, UK and Houston, Texas, has successfully conducted more than ten projects across the oil and gas and renewable markets.