Upstream news

The review centred on strengthening the alignment between variable remuneration outcomes and shareholder experience.

The play opening billion-barrel Jubilee oil discovery in Ghana in 2007 triggered a decade of exploration drilling chasing analogues in the deep water Central Atlantic margins.

Dutch floater specialist SBM Offshore has awarded TMC Compressors of the Seas (TMC) a contract to supply the marine compressed air system for the FPSO destined for the Liza project.

Lamprell provides an update on its participation in the joint venture (JV) with its partners, Saudi Aramco Oil Company, the National Shipping Company of Saudi Arabia, and Hyundai Heavy Industries Co. Ltd., for the establishment of the major maritime yard at the Ras Al Khair site in eastern Saudi Arabia.

RockRose Energy plc. has announced that it has commissioned two reports.

Spirit Energy has received consent to use Maersk Interceptor on the Oda field.

All of the seven main representatives of Statoil’s labour unions – Industri Energi, SAFE, NITO, Tekna and Lederne – support the proposal by the board of directors to the annual general meeting to change our name from Statoil to Equinor.

OMV, the international integrated oil and gas company based in Vienna, has agreed to acquire Shell’s Upstream business in New Zealand comprising joint venture interests in Pohokura (48%), the largest gas producing field in New Zealand, and Maui (83.75%) as well as related infrastructure for production, storage and transportation.

Dräger Safety UK has secured new contracts worth in excess of £3 million after successfully diversifying into new technology and training service areas focused on upstream and downstream operations in the North Sea.

The combined company will continue to evaluate growth opportunities in its core diving and subsea umbilicals, risers, and flowlines (SURF) markets.