Upstream news

MicroSeismic Inc. has announced the release of real-time completions evaluation.

Statoil and partners have made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf.

Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect.

OneSubsea, a Schlumberger company, today announced an award by Reliance Industries Ltd of an engineering, procurement and construction (EPC) contract for supply of the subsea production system for the R Cluster (Block KG-D6) Project, offshore the east coast of India.

McKinsey Energy Insights (MEI) has released its latest Global Oil Supply and Demand Outlook, in which the company projects that global oil prices will remain in the US$50 - 60/bbl range until late 2020.

Churchill Drilling Tools, a global oilfield service company specialising in drilling innovation, and its Norwegian distributor, ToolServ, are celebrating a five year partnership which has helped oil and gas operators in the Norwegian sector improve their drill programmes.

The lightweight aluminium alloy pipe FuchRohr AluDrill significantly improves oil and gas drilling performance compared to standard steel pipes.

The market for global oil well cement, a specialty niche cement product used in oil, gas and geothermal well-bore drilling, is projected to exceed 5 million t by the end of 2017. The figure represents a 26% decline versus the 2013 peak.

The launch introduces SPACE Vernier, a service designed to maximise well life by measuring the internal and external dimensions of the entire wellbore to generate statistical analysis of localised damage and systemic corrosion.

Gardner Denver Petroleum & Industrial Pumps has announced it has officially launched its Parts on Demand programme in the Middle East.