Browse the latest upstream project news news and articles.
Total CAPEX in renewables will overtake E&P spending in 2020, with contributions from Australia and other Asian countries such as Vietnam, Taiwan and South Korea, Rystad Energy’s latest bottom-up analysis of investments shows.
India's national oil company will use Sercel's X-Tech solution to conduct various 3D surveys for a total of 40 000 channels across the country.
The company said the floating production system, located in the first producing field in the Norphlet area, will produce around 175 000 boe/d of oil and gas.
Calima will receive US$2.0 million on completion of the transaction.
The development project is targeting 30 million boe of gas condensate reserves from two subsea production wells in the UK Central North Sea.
Once installed the compressor is expected to allow increased, stable production from well Pg-10 at the company's Petišovci project.
Commencement of the contract, to support Wintershall DEA's West Mira drilling campaign in the Norwegian Sea, will take place in August/September 2019.
The Merak-1 well is in 755 m of water in the North El Arish concession, also known as Block 6.
Construction work has now started on the field’s second processing platform.
The partnership aims to acquire large, high-margin oil and gas production and development assets across the Lower 48 states of the US.
Construction of the company’s second well in the D41 offshore field in the Baltic Sea was completed earlier this month.
Data shows that marketed utilisation for some rig types in some regions are nearing 85-90%.