Upstream news

The suspension of operations is due to longstanding delays in the bare-boat charter payments due to Bumi Armada, as well as irregular payments on the operations and maintenance contract.

Coretrax, leading engineered servicing company for wellbore clean and abandonment, has marked an important milestone with the setting of its 200th CX-2 bridge plug.

The HEAL Systems™ company will offer producers operating efficiencies and cost savings.

Under these contracts, SBM Offshore will construct, install, lease and operate a floating production, storage and offloading vessel (FPSO).

John Crane Asset Management Solutions has secured a three year contract to provide condition-based maintenance services in the North Sea.

An independent reserves assessment of TAG Oil’s interests suggests an approximate 27% increase in annual reserves revisions.

88 Energy Limited has provided an update on Project Icewine, located onshore North Slope of Alaska.

AWE Limited, the operator of Production Licences L1/L2 in the northern Perth Basin, Western Australia, has announced that the Waitsia-3 appraisal well reached Total Depth (TD) of 3612 m Measured Depth below Rotary Table (MDRT).

Tendeka has announced the appointment of two new members to its board of directors, Jim Nixon and Bill Wright.

In its annual account of global oil resources, Rystad Energy finds that Saudi Arabia has added enough recoverable oil resources to regain its top position ahead of the United States and Russia.