Upstream news

This figure includes the accounting impact produced by the full consolidation of the Quintero LNG plant in Chile, included since January 2017. Taking this into account, net profit has increased by 25.6% on the same period last year.

Scope of contract includes longest subsea multiphase boosting tieback in the UK North Sea.

Pan Petroleum Gabon B.V., one of Panoro Energy ASA’s subsidiaries, has approved the operator’s proposed work programme and budget to move forward with the development of the Dussafu oilfields.

Subject to regulatory approval, JDR Cable Systems is set to be acquired by TELE-FONIKA Kable.

WorleyParsons has been awarded the project management and front end engineering and design (FEED) services for the offshore oil and gas facilities portion and the onshore upstream and downstream pipelines portion of Saudi Aramco’s Marjan Oil Field Development Program.

In recent weeks, upstream North American markets have recovered more strongly than formerly anticipated. Higher levels of frack fleet utilisation and significant tightening of industry capacity are both benefiting the Group’s Oil & Gas division.

Nature Group, the oil, gas and maritime waste collection and treatment company, has secured a five-year contract with Maersk Oil in the Central North Sea.

The Board of Ascent Resources plc, the European focused oil and gas exploration and production company, has provided an update on progress with its Petišovci project in Slovenia.

Centrica plc and Stadtwerke München GmbH have reached an agreement to combine Centrica’s European oil and gas exploration and production business with Bayerngas Norge AS.

Providence Resources has provided an update on Licencing Option 16/27 in the Porcupine Basin, offshore Ireland.