Upstream news
SK innovation announces oil discovery in the South China Sea
SK Innovation announced on 21 February 2018 that it made oil discovery in the PRMB block 17/03 in the South China Sea.
SM 71 update: F1 well completed for production
Production start-up for the F1 well on South Marsh Island Block 71 in the Gulf of Mexico is expected to begin in March 2018.
President Energy provides update on Argentina operations
President Energy the upstream oil and gas company focused primarily in Argentina, reports recorded record results in January with each concession making good returns and contributing profits.
Dril-Quip awarded contract for Repsol’s Ca Rong Do Project
Dril-Quip, Inc. have announced that Dril-Quip Asia Pacific Pte Ltd, its wholly-owned subsidiary based in Singapore, has been awarded a contract to supply top tensioned riser (TTR) systems and related services for the development of the Ca Rong Do Project located offshore Vietnam operated by Repsolwith the participation of Mubadala, PVEP and PetroVietnam.
Noble Energy awards Schlumberger contract for process solution
2000 t process module to be installed on Leviathan Field to recover MEG used for hydrate inhibition.
Schlumberger and Subsea 7 announce intent to form a joint venture
Schlumberger and Subsea 7 S.A have announced that they have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was established in 2015.
Fugro returns to China for gas hydrate research project in further GMGS contract
Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for gas hydrate investigation on the Northern Continental Slope of the South China Sea. The contract is valued at approximately US$40 million and the project is expected to commence in the second quarter of 2018.
Maersk orders two Tyra jackets from Dragados
Dragados Offshore, S.A. has announced the award by Mærsk Oil and Gas of the contract for the Tyra East G & Tyra East H Jackets for the Tyra Future Development Project, both to be installed in the Danish sector of the North Sea.
Noble Energy increases proved reserves 37% to total nearly 2 billion boe
Noble Energy, Inc. announced total proved reserves of 1.965 billion boe as of December 31, 2017, a net increase of 528 million boe versus year-end 2016.
SDX Energy's KSS-2 well in the Sebou permit disappoints
SDX Energy Inc., the North Africa focused oil and gas company, announces that the KSS-2 well on the Sebou permit in Morocco was drilled to a total depth of 1293 m encountering 8 m of high quality reservoir interval in the Gaddari and Guebbas sequences with an average porosity of 30%.