Upstream news

Rising oil prices have drawn more eyes to the offshore markets. There are signs of green shoots after a period of depressed sentiment that started in late 2014, pushing asset values downwards through 2016.

Petrofac’s Engineering and Production Services (EPS) division has been awarded a new Offshore Manning Services contract by Chevron North Sea Limited (Chevron).

Cairn intends to announce its preliminary results for the year to 31 December 2017 on Tuesday 13 March 2018. In advance of these results,

The Seanamic Group have expanded teams in two Houston-based companies: Umbilicals International (UI) and Flexlife.

The Belgravia prospect lies within the north westerly graticular block of the WA-155-P(1) permit, adjacent to the Swell-1 exploration well.

The mobilisation of this drilling rig is in order to further energy development in Colombia.

The company is to form a new partnership with Cuadrilla and Lucas.

Wintershall's investments in new wells help to secure supplies in Germany.

GlobalData forecasts that over US$39.2 billion in Capex will be spent by ExxonMobil on oil projects over the next four years, with onshore fields accounting for over half of the company’s crude production in this period.

Frontera Resources Corporation has provided an update regarding interim results on testing of the Ud-2 well, situated inside the 950 km2 Mtsare Khevi Gas Complex area, located in onshore Block 12, Georgia.