Upstream news

The company enjoyed a record period in the second half of its financial year with sales of almost £10 million and EBITDA of £3.5 million for the six months to September 2016.

The acquisition gives Aker Solutions access to Brazil's growing market for servicing existing oil and gas fields.

RMS 10 brings enhancements to seismic interpretation, structural and property modelling, reservoir engineering and automation for improved reservoir management, increased productivity and reliable production forecasting.

Magseis awarded a contract from ConocoPhilips for a full azimuth 4D seabed seismic acquisition survey in the North Sea.

Polarcus Limited has announced that it has received two Letters of Intent from two undisclosed clients for two additional marine seismic projects offshore South America.

The contract awarded by Murphy E&P is to deliver industry’s longest deepwater subsea multiphase boosting tieback.

CGG has announced the delivery of near real time imaging results for a 4200 km2 BroadSeis 3D marine seismic survey acquired offshore Morocco.

Faroe's new asset acquisition broadens and strengthens its production base offshore Norway.

“In a low-carbon future, we need oil & gas producers who can deliver energy at low cost, with low emissions. Therefore, the NCS will become even more attractive and important,” says Statoil CEO Eldar Sætre.

Funding has been secured to research automation solutions for subsea pipeline inspections.