Upstream news
New partnership creates one-stop-shop for oil spill response
Norwegian suppliers Framo, Maritime Partner, Norbit Aptomar, and NorLense have come together to create the OSRV (Oil Spill Recovery Vessel) Group to offer a complete oil spill response solution.
Growth in Latin America for Airswift
Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, has announced substantial expansion in Latin America.
Mature fields grew by 151 billion bbls over the last four years
Rystad Energy estimates that liquid resources from mature assets grew 151 billion barrels over the last four years, which is almost 17% more than the amount produced in those years.
Exceed investment yields record breaking start to 2018
The company has announced a record-breaking start to 2018, amassing a number of international contract wins totalling a revenue of approximately of £18 million.
Kuwait Energy terminates merger discussions with SOCO International
Kuwait Energy confirms that discussions with SOCO have been terminated as the parties could not reach agreement on mutually acceptable transaction terms.
UKOG announces extension of regulatory consent for testing at its Broadford Bridge-1/1z oil discovery
UK Oil & Gas Investments PLC has been informed by its 100% owned subsidiary Kimmeridge Oil & Gas Limited (KOGL) that Oil and Gas Authority consent for flow testing its Broadford Bridge-1/1z (BB-1/1z) oil discovery has been extended to the end of March 2018.
Significant new gas project proved up in Central Queensland
With an East Coast gas crisis looming, a significant new gas field has just been proved up in Central Queensland and could prove invaluable in helping to alleviate a forecast domestic market shortfall of about 50 Petajoules (PJ) a year.
KCA Deutag and Dalma enter agreement to combine
KCA Deutag (KCAD), a leading global drilling and engineering contractor, has entered into an agreement with the shareholders of Dalma Energy LLC to combine their respective businesses through the acquisition by KCAD of Dalma’s Omani and Saudi Arabian businesses (the Dalma Business).
McDermott awarded detailed engineering and long lead procurement for the BP Cassia C Compression Platform
McDermott International, Inc. has been awarded a detailed engineering and long lead procurement services contract from BP Trinidad & Tobago, LLC (bpTT) for the Cassia C Compression Platform, located 40 miles (65 km) off the southeast coast of Trinidad and Tobago.
Lundin Norway granted drilling permit for well 7220/11-5 S in production licence 609
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 7220/11-5 S, cf. Section 15 of the Resource Management Regulations.