Upstream project news
Var Energi extending life of Balder area in North Sea
The Balder Future project is aiming to extend the life of the area to 2045.
Saudi Aramco suspends operations for Shelf jack-up rig
The suspension will last for up to 12 months.
31 wells sabotaged at oilfield in northeast Colombia
The acts of sabotage took place at Ecopetrol’s La Cira-Infantas oilfield, near the city of Barrancabermeja, which produces around 35 000 bpd.
Opening the door to the Middle East
Stuart Kinnear, Interface Fluidics, reveals how venture capital firm Phaze Ventures worked with Interface Fluidics, a technology-enabled oil and gas lab service company, to bring new oil optimisation solutions to market.
Neptune Energy awarded drilling permit in Norway offshore licence
Wells 34/4-15 S and 34/4-15 A in production licence 882 will be drilled from the Deepsea Yantai drilling facility.
Gabon increases 3D seismic access to offshore blocks on offer
Gabon’s Directorate General of Hydrocarbons and PGS have expanded the Gabon MegaSurvey coverage, significantly increasing access to 3D seismic over the 35 blocks on offer as part of the country's offshore licensing round.
TEMS International awarded Gulf of Mexico drilling support contracts
The company will provide its continuous environmental compliance and drilling performance management services on both projects.
Global upstream investments set for 15-year low, predicts Rystad Energy
Global spending is forecasted to reach US$383 billion this year, the lowest level in 15 years and a 29% decrease of US$156 billion compared to 2019.
Eni and Korea Gas Corp. sign cooperation agreement
The MoU covers cooperation opportunities in E&P, LNG, downstream and infrastructure, and circular economy and low-carbon energy projects.
CNOOC begins production from Bohai Bay field
The Qinhuangdao 33-1S oilfield phase I project is expected to reach its peak production of approximately 6000 bpd of crude oil in 2021.