Upstream news

SIMMONS EDECO, a supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it has been awarded a major contract by Maersk Oil.

Conventional exploration performance has improved considerably in 2017, with commercial success rates above 50% and much lower finding costs than for the same period in 2016.

The recent financial pressures as a result of the oil downturn have left cyber security functions for many firms within the oil and gas sector considerably underfunded and out of date.

On June 2, 2017, BPTT announced two new gas discoveries offshore Trinidad - Savannah and Macadamia - together amounting to around 1.3 trillion cubic feet of recoverable resources, based on Rystad Energy analyses.

AWE Limited has announced that that the Waitsia-4 appraisal well has commenced drilling operations.

Repsol and Gazprom Neft are set to extend their collaboration in west Siberia after signing a Memorandum of Understanding.

DNO has resumed field appraisal drilling following extended testing of the Cretaceous and Jurassic reservoirs.

Petroleum Safety Authority Norway has given Statoil its consent for exploration drilling in the Barents Sea.

The system features an advanced motion compensation control system with precision controls to enable fast landing and comfortable people transfers.

The company has been presented with a fourth President’s Award at RoSPA’s (Royal Society for the Prevention of Accidents) Occupational Health and Safety Awards 2017 – building on 12 consecutive years of awards from this key industry organisation.