Pemex eyes subsidiary with jack-up trio tender
Mexico’s Pemex is poised to invite bids for the supply of three jack-up rigs that are expected to provide the state company with the high-specificiation units it needs to launch a drilling subsidiary — a first for the company.
No room for complacency on safety
It is now almost two years since the Macondo blowout and explosion claimed 11 lives and caused the worst oil spill ever in US waters.
Adma-Opco tenders for two major oil projects
Abu Dhabi Marine Operating Company (Adma-Opco) has issued long-awaited tenders for two big oilfield projects, including the main engineering, procurement and construction packages for the $2 billion Umm al Lulu full field development, aiming for contract awards by autumn.
Obama campaign takes off with energy
US President Barack Obama has directed his administration to open more than three-quarters of the nation’s potential offshore oil and gas resources for exploration in his State of the Union address this week.
Yme facing more delays as SBM blames Talisman
First oil from Talisman Energy’s Yme project off Norway may be delayed yet again.
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Chevron readies Nigeria relief wells
27 January 2012 19:53 GMTChevron is preparing to drill two relief wells at the site of its wrecked and still-burning KS Endeavor jack-up off the coast of Nigeria, the supermajor said Friday morning.
Petrobras director may step down
27 January 2012 21:04 GMTPetrobras exploration and production director Guilherme Estrella is to stand down in February, according to the website of Brazil’s O Globo newspaper, citing Brazilian mines and energy minister Edison Lobao.
Quetzal sells all Guatemala assets
27 January 2012 19:26 GMTToronto-listed Quetzal Energy said it is selling all of its assets in Guatemala to SGS Acquisition in order to focus its efforts on its operations in Colombia.
Canada trade group lowers drilling forecast
27 January 2012 22:43 GMTLow natural gas prices and a shortage of skilled labour will limit the number of wells drilled in Canada this year, the trade group representing the country’s oilfield services companies said on Friday.
Inflation concern for Argentina shale
27 January 2012 18:05 GMTInflation rates are among the unknowns as companies evaluate the potential of shale gas in Argentina, an analyst said in Houston.
South Sudan oil shutdown near 'complete'
27 January 2012 21:39 GMTSouth Sudan's top negotiator said his country would complete an oil production shutdown by Saturday, after Sudan and South Sudan failed to agree on a deal to end an oil crisis.
ExxonMobil still keen on German shale
27 January 2012 21:25 GMTUS supermajor ExxonMobil will continue to push for unconventional gas exploration in Germany alongside conventional gas production, despite scepticism over new drilling methods, its Europe chief said on Friday.
Magellan in Montana oil find
27 January 2012 21:06 GMTUS junior Magellan Petroleum is producing oil from what the company calls a new pool discovery in the Amsden formation at the East Poplar Unit in Montana.
Tullow ‘hits new Uganda impasse’
27 January 2012 15:26 GMTTullow Oil’s proposed $2.9 billion Ugandan asset sell-off looks to have hit yet another snag with a new row reportedly developing with government over contract clauses.
Blowout rig had ‘control problems’ days before
27 January 2012 10:33 GMTThe drilling crew on the stricken jack-up KS Endeavor encountered well-control problems several days before the blowout that destroyed the rig and claimed two lives, Upstream can reveal.
US rig count stays flat
27 January 2012 18:36 GMTThe overall US rig count remained unchanged this week at 2008, according to the weekly tally by Houston service firm Baker Hughes.
Iran may hit back with EU exports ban
27 January 2012 11:44 GMTIran is to vote on a proposed emergency law to ban oil exports to the EU in retaliation for the bloc’s decision to embargo the supplies starting in July.
Pemex poised for jack-up tender
26 January 2012 16:39 GMTMexico’s Pemex is set to invite bids for the supply of three high-specification jack-up rigs that will allow the state company to launch a drilling subsidiary — a first for the company.
Chevron sees dip in profits
27 January 2012 15:39 GMTChevron saw its fourth-quarter net income fall to $5.1 billion, from $5.3 billion a year earlier, as a production drop and refinery losses hit the bottom line.
BG Group to buy more Cheniere LNG
27 January 2012 18:32 GMTBG Group has agreed to buy another 2 million tonnes per annum of LNG from Cheniere Energy in an amended long-term deal that will bring the US player’s total volume of sales to the UK gas giant to 5.5 mtpa.
Pertamina green lights $2bn gas spend
27 January 2012 13:11 GMTPT Pertamina is to splash out almost $2 billion over the next three years as it wins approval for ambitious plans to revamp gas infrastructure in Indonesia.
Essar chiefs called back to court in phone ‘scam’ case
27 January 2012 13:41 GMTA no-show from key Essar group executives and others accused of involvement in an alleged telecoms licensing scam in India has led to a fresh summons to court.
Mexico Focus
Nigerian Focus
Indonesia Focus
Brazil Focus
US Offshore Focus
'EU shale gas regime adequate': study
27 January 2012 13:57 GMTBayfield loses $3.5m on dry Russia play
27 January 2012 14:02 GMTDaewoo in line for Mafumeria Sul job
27 January 2012 09:42 GMTChevron may face charges over Frade spill
27 January 2012 09:47 GMTEndeavor well fire 'diminished'
27 January 2012 09:26 GMT'Reserves boost' for Snohvit
27 January 2012 09:55 GMTSantos, Woodside prepare for Iggy
27 January 2012 07:46 GMTStatoil spuds Skrugard appraisal
27 January 2012 10:34 GMTAddis set for Sudan showdown
27 January 2012 08:28 GMTRialto to raise $60m for Ivory Coast program
27 January 2012 09:40 GMTHorizon, Talisman make Stanley FID
27 January 2012 09:31 GMTWoodside considers Browse stake sale
27 January 2012 02:33 GMTTwo bidders battle for Bukit Tua
27 January 2012 04:59 GMTMurphy boosts Rotan FLNG plan
27 January 2012 03:58 GMTClough bags PNG LNG work
27 January 2012 05:34 GMTJudge part clears Transocean of Macondo
26 January 2012 23:38 GMTObama touts natgas advantages
26 January 2012 21:48 GMTCabot slams EPA's Dimock decision
26 January 2012 20:57 GMTMurphy to move rigs from gas to oil
26 January 2012 23:55 GMTIndustry launches Arctic spill-response effort
26 January 2012 18:43 GMTOasis production soars
26 January 2012 23:29 GMTNGOs bash Chevron over rig blaze
26 January 2012 15:22 GMTAvaldsnes estimate at 1.3bn barrels
26 January 2012 22:35 GMTWarren sees oil reserves climb
26 January 2012 23:42 GMTPDC sees production jump
26 January 2012 21:22 GMTKeppel cheers record 2011 earnings
26 January 2012 22:08 GMTChevron loses Ecuador ruling battle
26 January 2012 17:07 GMTHalcon high on five US onshore plays
26 January 2012 19:46 GMT
Upstream Week 3
Upstream Week 2
Upstream Week 1
Upstream Week 51
| Iran may hit back with EU exports ban |
| Avaldsnes estimate at 1.3bn barrels |
| Chevron may face charges over Frade spill |
| Industry launches Arctic spill-response effort |
| Daewoo in line for Mafumeria Sul job |
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- Decision in Chinese PV anti-dumping case delayed again to March
- NREL, Gamesa to research advanced wind turbine systems
- Enel Green Power boosts profits as capacity passes 7GW
- Gamesa wins 50MW order for Andalusia wind farms
- Australian Capital Territory invites large-solar proposals
- Small wind developers feel the pinch of China?s credit squeeze
- Australia's Solar Flagships at risk as CS Energy pulls out
- Vestas presses on with plans for UK offshore turbine plant
- SeaEnergy focuses on wind services as founder Remp quits
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- "A kick in the guts"
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- LNG is top performer for Exmar
- Woodside mulls sale of Browse LNG slice
- Record year for Japan LNG imports
- Wartsila closes in on Hamworthy purchase
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Brent up on Iran, gasoline worries
27 January 2012 22:48 GMTBrent crude prices rose a second straight day on Friday as Iran's upcoming parliamentary vote on halting exports to the European Union kept supply uncertainty in focus.