Upstream news

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.

LINN Energy, Inc. announces that it has signed a definitive agreement to sell its interest in conventional properties located in west Texas to an undisclosed buyer for a contract price of $119.5 million, subject to closing adjustments.

ECA Group and Petrus have announced the signing of a cooperation agreement for subsea robotics services to oil companies.

Oil Search announces that its acquisition of a 25.5% interest in the Pikka Unit and adjacent exploration acreage and a 37.5% interest in the Horseshoe Block in the Alaska North Slope from privately-owned companies Armstrong Energy LLC and GMT Exploration Company LLC, announced on 1 November 2017, was completed on 14 February 2018, following the approval of the transaction by the Committee on Foreign Investment in the US.