Upstream news

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.

DNV GL has won a major contract to provide independent verification services for the Maersk Oil redevelopment of the Tyra Field, offshore Denmark.

Apache North Sea has awarded Expro a US$10million well services contract extension.

Ecopetrol S.A has been awarded shared production contracts for hydrocarbon exploration and extraction, along with Petronas and Pemex.