Upstream news

Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI), has applauded President Trump's executive actions to expedite key energy projects.

Global science-based technology company, 3M has completed a global oil and gas industry first by deploying its Ceramic Sand Screens using a light well intervention vessel instead of a full rig.

OMV, the international, integrated oil and gas company based in Vienna, and Dana Energy company, a leading Iranian company active in oil and gas upstream field development activities, signed a Memorandum of Understanding.

Halcón Resources Corporation has announced that it has entered into a purchase and sale agreement with a private operator to acquire 20,748 net acres in the Southern Delaware Basin for US$705 million with a November 1, 2016 effective date.

Java Offshore Sdn Bhd has completed the acquisition of a majority stake in Asian Geos Sdn Bhd, a specialist Offshore Geotechnical and Geophysical service provider within the Asia Pacific market.

GE has announced that it has been awarded contracts for the provision of eight Integrated Compressor Line (ICL) units up to 14MW to two European energy operators.

EnQuest PLC has announced an agreement to acquire from BP an initial 25% interest in the Magnus oil field representing c.15.9 million boe of additional net 2P reserves (gross reserves of 63.4 million boe) with net production of 4.2 Mboe/d.

In the market of drilled and uncompleted (DUC) wells, there have been concerns about using frac sleeves in the completion design, then having them reliably open one, two, and almost three years later with repeatable success.

As Oman looks to grow its oil and gas industry, global oil and gas recruitment firm Petroplan is expanding its presence in the Sultanate, working with international operators and service companies to help fill specialist roles.

Global Maritime Consultancy & Engineering, a provider of marine warranty, dynamic positioning and engineering services to the offshore sector, has appointed Reid Berger Stokke to head its new line of business, GM Solutions.