Upstream project news
Dana Gas spuds exploration well offshore Egypt
The Merak-1 well is in 755 m of water in the North El Arish concession, also known as Block 6.
Plan for second phase of Johan Sverdrup approved
Construction work has now started on the field’s second processing platform.
Spur Energy Partners form partnership with KKR to acquire assets across US
The partnership aims to acquire large, high-margin oil and gas production and development assets across the Lower 48 states of the US.
LUKOIL begins commercial operations in D41 offshore field
Construction of the company’s second well in the D41 offshore field in the Baltic Sea was completed earlier this month.
Westwood Global Energy: accelerating rig activity signals game-change as rig rates are on the up
Data shows that marketed utilisation for some rig types in some regions are nearing 85-90%.
Petrobras awards McDermott Sepia field project contract
The contract entails engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, offshore Rio de Janerio.
NPD gives go-ahead for start-up of Trestakk field
Equinor, the operator of the field located in the Norwegian Sea, estimates recoverable volume to be 67 million bbls of oil and 1.4 billion m3 of gas.
Equinor increases share in Caesar Tonga field
The company’s share will increase from 23.55% to 46%.
Siccar Point Energy announces Blackrock exploration well results
The Blackrock exploration well is located in the West of Shetland.
Union Jack Oil announces 2018 results
Union Jack Oil’s revenue increased by 250% in 2018, standing currently with a cash balance in excess of £2.5 million.