Upstream news

ExxonMobil has awarded to Pason Systems, Inc. the first global license of its Drilling Advisory System™, a key component of the company’s Fast Drill™ technology suite.

The contacts have a total value, included options, of NOK 2.7 billion. The vessels will be part of Statoil’s area-wide emergency response on the Norwegian continental shelf (NCS).

Genel Energy plc has announced that it has finalised documentation of previously agreed terms of Amended and Restated PSCs and gas lifting agreements for both the Miran and Bina Bawi gas fields.

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has made an oil and gas discovery in the main well 7219/12-1 and is presently drilling a sidetrack 7219/12-1A on the Filicudi prospect.

TransCoil rigless-deployed ESP expands the operating envelope and improves reliability versus existing alternative deployment systems

When is a final investment decision (FID) not a FID? When it’s an internal FID. By Readul Islam, Senior Analyst, Rystad Energy.

The company has won a bankruptcy auction to acquire the acres, including drilling rights on 44 100 net acres in the Utica and current natural gas production of approximately 80 million ft3 per day, from Stone Energy Corp.

The company has announced that the Board has approved expenditure of US$2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico.

CGG has announced that the final processed time volumes (Orthorhombic Kirchhoff Pre-STM) from its recent Hobo 3D multi-client survey in the highly prospective Midland Basin are now available for license.

Peterson will provide logistics consultancy services to support the planning and initial development of Port Cameron, a 500 acre deepwater staging port situated in Cameron, Louisiana, serving the Gulf of Mexico.