Upstream news

Angus Energy Plc, the conventional oil and gas production and development company, is has announced that pursuant to the Company’s 22 January RNS it has initiated the Balcombe Partnership with the completion of a £1 850 000 payment to Cuadrilla Balcombe Limited (Cuadrilla) and Lucas Bolney Limited (Lucas).

Noble Energy, Inc. has announced that its Board of Directors has authorised a US$750 million share repurchase programme.  In addition, the Company has executed an agreement to sell its deepwater Gulf of Mexico assets to Fieldwood Energy LLC (Fieldwood) for a total value of US$710 million. 

Q4 2017 saw strong gas and condensate consumption levels from Gaz du Cameroun S. A’s (GDC) Logbaba Project in Douala, Cameroon, especially during December, with the addition of three new thermal customers during the quarter.

Aker Solutions agreed on a long-term collaboration with software company Cognite to accelerate the development of digital solutions that will drive major efficiencies through the entire life of an energy asset.

ShaMaran Petroleum Corp. reports that TAQA Atrush BV, operator of the Atrush Block, has received US$16.2 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government (KRG) as payment for November 2017 crude oil deliveries from the Atrush license to the export market.

The rationale behind Dubai Petroleum’s use of UAVs was to quickly complete detailed inspections of all their risers.

EnQuest has provided an unaudited update on the Group's performance in 2017, together with an outlook for 2018 ahead of its 2017 Full Year Results, which will be announced on 20 March 2018.

According to the MOU, the parties agreed to collaborate internationally on natural gas projects, including LNG supplies, development of LNG markets, gas exploration and production projects, as well as research and technology development.

The Multiple Screw Pumps are designed to handle difficult media, including low to high lubricant fluids, and low to high viscosity, shear sensitive, or chemically aggressive media.

The pipeline technology specialist, formed in Aberdeen in 1998, has secured a contract worth close to US$20 million (£14.2 million) with a Middle East national operating company.