Upstream news

Michael Scott joins the company to support its growth strategy and will be focusing on the commercialisation of the company’s growing well integrity technology portfolio and further business expansion in global markets, notably the US, Middle East and Asia.

OMV (Norge) AS completes the drilling of the Hades and Iris exploration well 6506/11-10 in PL 644 B.

Otto Energy Limited has provided the following update on the Company’s 50% owned South Marsh Island Block 71 oil project following the ASX announcement by the operator, Byron Energy Limited.

Statoil and partners were the high bidders for four blocks in the Campos basin in Brazil’s 15th licensing round held on 29 March. With the new licenses, Statoil strengthens its position in Brazil and increases synergies with current projects.

Sparrows Group has secured a multi-million pound contract with India’s Oil and Natural Gas Corporation (ONGC) for the refurbishment of 21 cranes.

Petrofac has received a letter of award from Vedanta Limited for its Raageshwari Deep Gas Field Development Project located in Barmer, Rajasthan, India.

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning eight additional exploration blocks during Brazil’s 15th bid round.

Downtime caused by critical system failures continues to be a key challenge for the oil and gas industry, estimated to cost the UKCS more than US$1 billion a year in lost production.

Saudi Aramco has awarded Jacobs Engineering Group Inc. a contract to provide engineering and project management services for the Zuluf Field Development Programme's Arab Heavy (AH) Crude Oil Increment 600 MBCD - Onshore Central Processing Facilities (CPF) project, which will provide facilities to process 600 000 bopd of Arabian heavy crude oil from the Zuluf offshore field in the Arabian Gulf.

Materion Corporation, an advanced materials solutions provider, recently introduced a new oilfield coupling that is designed to significantly reduce failures in wells that are prone to extreme rod string buckling and wear deep in wells.