Upstream news

Bibby Offshore Holdings Limited has announced that it has completed the recapitalisation of its balance sheet announced on 5 December 2017.

The 2018 Cameroon Licensing Round opened on 15 January 2018 and will close on 29 June 2018.

Speedcast to provide new communications equipment and services to global drilling fleet.

Deep Sea Mooring (DSM), a Vryhof company, has commenced operations with the newly awarded contract to provide pre-lay mooring products and services to the Deepsea Bergen semisubmersible drilling rig on the Norwegian Continental Shelf.

In 2017, the company's average oil production in Brazil has grown by 0.4% and the average natural gas production has reached a volume 0.9% higher than in 2016.

The German company Wintershall have received shares in six licences by the Norwegian Ministry of Petroleum and Energy, in the Awards for Predefined areas (APA) 2017 licencing round.

The partnership are working towards developing technology that allows for through-tubing cement evaluation prior to the arrival of a costly rig or workover unit.

DEA wins five exploration licenses in the 2017 Awards in Predefined Areas (APA).

Scottish-American software and energy company Ziyen Inc., which has operations in Aberdeen and Inverness, has announced it has secured a further two major oil contracts in the Illinois Basin, USA.

The awarded licences include four operatorships and production opportunities in Norway and the UK.