Upstream news

The Trump administration has withdrawn from the nuclear accord with Iran or Joint Comprehensive Plan of Action (JCPOA) and plans to re-impose sanctions on the country.

Serinus Energy plc has reported its financial and operating results for the three months ended March 31, 2018.

Ophir has announced that it has entered into a farm-out agreement with Kosmos Energy covering the EG-24 exploration licence in Equatorial Guinea.

Carnarvon Petroleum Limited has provided the following update on the drilling of the Phoenix South-3.

Hemisphere Energy Corporation has provided an update on its operations and current production.

Subsea 7 S.A. has announced the award of a contract by Statoil for the provision of subsea inspection, repair and maintenance (IRM) services on the Norwegian Continental Shelf. 

Integrity assurance specialist Hydratight has announced a three-year contract with a major North Sea operator to support flange management and end-to-end process services.

Mitsubishi Hitachi Power Systems (MHPS) announced that Suncor Energy has issued a Letter of Intent to purchase MHPS JAC gas turbine technology.

Reach Subsea has been awarded a Frame Agreement for Inspection, Maintenance and Repair (IMR) services to Statoil Petroleum.

MODEC, Mitsui, MOL, Marubeni and Mitsui E&S are all involved in the project.