Upstream news

Garland Energy Systems have released a new durable containment membrane that has been specifically designed for tank battery installations.

Beach Energy Limited has advised that the acquisition of Lattice Energy Limited from Origin Energy Limited has financially closed.

According to Rystad Energy, the UK offshore oil and gas industry is stirring back to life, fuelled by a robust uptick in the number of field development projects on which operators are expected to reach a final investment decision (FID) this year.

The company has announced one of its largest US Gulf of Mexico exploration finds in the psat decade from the Wale deepwater well.

Noble Energy, Inc. announced that it has signed a definitive agreement to divest a 7.5% working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd. for cash proceeds of approximately US$560 million and 38.5 million shares of Tamar Petroleum. 

Parsley Energy, Inc. provided an operational update that discloses certain full-year 2017 results and highlights strong indications from the Company's Wolfcamp C delineation programme.

Spirit Energy is extending the life of one of its key North Sea fields by tapping into new reserves this year.

Total announces that the Fort Hills oil sands project located in Alberta, Canada, 90 km north of Fort McMurray, has achieved first oil and production is expected to ramp up over the next few months.

Total announces a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM). The well was drilled to a final depth of 8898 m and encountered 205 m of net oil pay in a high quality Norphlet reservoir. 

Regional Oil and Gas industry reflections from Mike Blakemore, Senior Vice President at Advisian Abu Dhabi.