Upstream news

18 delayed projects reached final investment decisions in 2017, compared to two in 2015 and five in 2016.

Aqualis Offshore will provide marine warranty surveyor and marine services to Aker BP’s fixed platforms, mobile units and subsea on the Norwegian continental shelf.

The SM 71 F3 well is currently rilling ahead at 4969 ft MD in 9 7/8 in. hole. It is anticipated that the well will be drilled to total depth and evaluated by early February.

Lundin Petroleum’s 2P reserves as at 31 December 2017 are 726.3 million boe and reflect a positive revision of 45.8 million boe, excluding sales.

BP has signed a deal with the Iraqi government to begin revitalising the Kirkuk oilfield, as reported by the Financial Times on Friday.

According to GlobalData, analysis of the global planned CDU capacity of refineries shows that China has the highest planned CDU capacity additions globally, followed by Nigeria and Kuwait.

Millennials are seeking work in the O&G industry at increasing rates and will account for nearly 41% of the workforce – a 20% increase – by 2025, according to a new IHS Markit study commissioned by the American Petroleum Institute.

Transocean Ltd. has announced that it concluded its extraordinary meeting of shareholders approving all of the proposals related to the acquisition of Songa Offshore SE.

The Uaken 1 exploration well in the Fell block in Chile has been drilled and completed to a total of 3658 ft.

Vantage Drilling International have signed a contract which continues their working relationship with their client CPOC.