Upstream project news

Vijay Desiraju, Celonis, explains why process intelligence can help capture value in the upstream industry.

Murphy Oil Corporation has announced that a subsidiary has signed a Purchase and Sale Agreement to acquire an FPSO vessel from BW Offshore.

VAALCO Energy, Inc. has announced that it has farmed into the CI-705 block offshore Côte d’Ivoire.

The new wells are expected to produce approximately 7 million barrels of condensate.

CNOOC Ltd has announced that the Buzios7 Project has commenced production safely.

Energy and marine consultancy ABL has been awarded a contract to provide marine warranty survey (MWS) services to Saipem, to support the marine transportation and installation (T&I) operations relating to Libya’s Bouri Gas Utilisation Project (BGUP).

Bridger Photonics, provider of aerial methane detection, has announced that the company continued to experience massive growth and market adoption for its advanced methane detection solutions in 2024 and is implementing a major leadership transition to support its continued scaling.

The API has voiced concerns over new restrictions on offshore oil and gas development.

CNOOC has announced that Panyu 11-12 oilfield/Panyu 10-1 oilfield/Panyu 10-2 oilfield adjustment joint development project has commenced production.

Subsea7 has announced the award of a sizeable contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) to provide inspection, repair and maintenance (IRM) services for the Sakarya gas field development in the Black Sea.