Upstream news
New licences for DEA in Norway
DEA wins five exploration licenses in the 2017 Awards in Predefined Areas (APA).
US expansion for Ziyen Inc. with acquisition of second and third oil leases
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.
Faroe awarded eight exploration licences in the APA 2017 licensing round
The awarded licences include four operatorships and production opportunities in Norway and the UK.
Cobalt Re-Engineered Sucker Rod Guides
Cobalt Extreme recently launched a new range of Abrasion Resistant Sucker Rod Guides for artificial lift well completions
KBR joint venture has been awarded two FEED contracts
The contracts have been awarded by the Azerbaijan International Oil Company for Azeri Central East Project.
Total Energy Services Inc. announces preliminary 2018 capital expenditure budget
This CAN$33 million budget includes CAN$9 million of expansion capital and CAN$24 million of equipment maintenance and upgrade capital.
BP to take $1.7 billion post-tax non-operating charge
Deepwater Horizon have claimed facility approaches closure.
Oil Search complete drilling at P’nyang South 2 ST1
The operation has encountered gas in good-quality Toro and Digimu sands.
NPD grants drilling permit for well 6506/9-4 S in PL433
This is the second well to be drilled within the licence area.
Nord Stream reaches average utilisation of 93% in 2017
In 2017, the Nord Stream Pipeline delivered 51 billion m3 of natural gas to consumers in the European Union.