Upstream news

With first oil scheduled for 2022, the Johan Castberg field in the Barents Sea has a production horizon of 30 years.

The two companies have signed a contract worth more than US$10 million a year until 2024.

Recent adjustments to the surface flare facility have seen an approximate 20% increase in the gas rate.

Timur Tadjiev, Senior Materials and Welding Engineer at Wood, explores a new approach in developing standards specifications.

Ascent Resources plc, the AIM quoted European oil and gas exploration and production company, updates shareholders on operations at the Petišovci concession in Slovenia.

The NHV Group has announced a new long term contract with Dana Petroleum to provide helicopter services to their central and northern North Sea assets.

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning the Uirapuru exploration block with co-venturers Equinor and Petrogal Brasil during Brazil’s 4th pre-salt bid round.

Following on from a period of significant investment for Montrose Port Authority, the funding feeds into the Port’s strategic growth plans which will allow larger cargo vessels to dock in Montrose.

The contract consists of mechanical testing and metallurgical analysis, to be conducted by Element’s Qatar laboratory. Additional specialist services will involve input from Element’s Middle East group and its laboratories in Italy, UK, The Netherlands and Singapore.

Reliance Industries’ recent move to invite bids for provision of an FPSO for its MJ gas and condensate field stands as the latest example of deepwater projects that are fuelling a revival of activity in India, a Rystad Energy study reflects.