Upstream news

Deloitte’s report, the second in its Upstream Diversification Index (UDI) series, reviewed asset portfolios of the top 230 global upstream companies to examine the disconnect between the actions of companies and the verdict of financial markets.

A total of 43 crude and natural gas projects are expected to start operations in four countries in the Former Soviet Union (FSU) between 2018 and 2025, according to GlobalData.

Sapura Energy Berhad has announced that its wholly-owned subsidiary, Sapura Exploration and Production (Sarawak) Inc. and its partners, PETRONAS Carigali Sdn Bhd and Sarawak Shell Berhad, have taken Final Investment Decision (FID) to develop the Gorek, Larak and Bakong fields as phase 1 in the SK408 Production Sharing Contract.

PAO NOVATEK reported preliminary operating data for the first quarter 2018.

Subsea 7 S.A. announced the award of a sizeable contract by BP, for the provision of EPCI flowline supply and subsea installation services for the Alligin subsea development project, located approximately 140 km west of the Shetland Islands.

TGS announces an expansion of its Atlantic Margin multi-client programme in the Norwegian Sea.

McDermott International, Inc. has announced that it has completed the first phase of the deep-water Atlanta Early Production System (EPS), located approximately 115 miles (185 km) offshore southeast of Rio de Janeiro.

Downhole technology specialist, Well-SENSE, has been awarded the prestigious Intervention Technology Award from the Intervention and Coiled Tubing Association (ICoTA) for its pioneering FiberLine Intervention (FLI) Technology.

Trelleborg’s offshore operation has signed a strategic supply and license agreement with Reel Power Oil and Gas to collaboratively develop and market a new Vortex Induced Vibration (VIV) suppression system.

These offerings strengthen the DecisionSpace Production portfolio by adding analytical dashboards and production engineering capabilities.