Upstream news

AWI will use the Sentinel HR on research projects it is conducting to record critical data about the relationship between geological activity and ecosystems in order to gain a better understanding of the Earth’s system.

Leveraging Proforma’s core competencies and expertise with LOMAK’s knowledge of the local environment, both parties bring skills to support the development of the oil and gas industry in Guyana.

Comet Ridge Limited has provided an operational update on the progress of the Mira pilot scheme, establishing it as the best performing gas well in Central Queensland’s Mahalo Block. 

Vryhof Business Deep Sea Mooring (DSM) to provide mooring equipment and design sevices; quality of personnel a key factor in Maersk drilling decision.

Following the partnership formed by GE and Noble Corporation plc, the two companies launched the world’s first digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improve drilling efficiency.

Over US$151.5 billion in capital expenditure will be spent over the lifetime of the top ten offshore oil projects to produce 14.3 billion barrels of crude, according to GlobalData, a leading data and analytics company.

Borr Drilling announced its intention to acquire Paragon Offshore after inking a binding tender agreement to purchase all outstanding shares for US$232.5 million.

SK Innovation announced on 21 February 2018 that it made oil discovery in the PRMB block 17/03 in the South China Sea.

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 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.