Upstream news

Directa Plus plc has announced the completion of industrial field testing of Grafysorber® at an oil treatment plant of OMV Petrom.

An average capital expenditure (capex) of $8.4bn per year will be spent on 249 oil and gas fields in Nigeria between 2018 and 2020.

US and Chinese based oil & gas steel fabricators have been some of the first companies within the industry to be impacted by the countries playing high-stakes poker through targeted tariffs, Rystad Energy research shows.

The Petroleum Safety Authority have given Lundin consent to drill appraisal well 7220/11-5 S in production licence 609 in the Barents Sea.

88 Energy Limited has announced the following update for its projects located on the North Slope of Alaska.

The Queensland Government has announced that Santos, along with their GLNG JV partners and APLNG, are the successful bidders for the 86km² PRL2016/17-1A block, located directly west of their Arcadia gas field in the Bowen Basin.

The Petroleum Safety Authority Norway have given Aker BP consent for exploration drilling of well 7221/12-1 in the Barents Sea.

Vallourec renews and reinforces its collaboration with Petrobras by signing new long-term agreements.

The non-core assets are to be sold for US$292 million, coring up and bringing down net debt.

Expands portfolio to cover more of the energy value chain than any other oil and gas software provider.