Upstream news

The Kraken Floating Production Storage and Offloading vessel arrived at the field on Monday 13 February, anticipating good weather conditions.

Ithaca Energy Inc. has announced the successful start-up of production from the Stella field.

Significant progress on the Santos turnaround: Record production and sales volumes, free cash flow breakeven US$36.50/bbl and net debt reduced to US$3.5 billion.

CGG has completed the acquisition and processing of the first ever Airborne Gravity Gradiometry (AGG) survey of the Kingdom of Bahrain.

Churchill Drilling Tools has been shortlisted as a finalist for the 2017 HSBC Scottish Export Awards.

Gulfsands Petroleum plc has announced that its subsidiary, Gulfsands Petroleum Morocco Limited, has been awarded an extension to its Moulay Bouchta Petroleum Agreement together with a revised work programme.

Subsidiary Chariot Oil & Gas Investments (Morocco), has been awarded a 75% interest and operatorship of the Kenitra Offshore Exploration Permit, Morocco in partnership with the Office National des Hydrocarbures et des Mines, which holds a 25% carried interest.

Fact finding tour of UK energy companies will be compiled into government best practice report.

Rystad Energy research indicates Santos’s Ande-Ande Lumut (AAL) project in Indonesia’s NW Natuna Sea, which holds 107 million boe, could comprise around 20% of the 2017 sanctioned volumes in the APAC region.

Jumpstart has urged firms in Scotland to seize the opportunities arising from decommissioning in the North Sea.