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  • Oil recovers after Trump's Opec tweet

    "Looks like Opec is at it again," he tweeted

    Online  upstreamonline.com 17 hours old Reuters

    Saipem secures additional contracts

    Offshore Norway work is expected to last 10 months

    Online  upstreamonline.com 19 hours old Julia Martinez

    Texas adds eight rigs in Permian

    Throughout US drillers added five rigs this week

    Online  upstreamonline.com 21 hours old Julia Martinez

    PAE in Hokchi commercial declaration

    First commercial declaration from non-Pemex operator estimates original volume of 418 million barrels of oil

    Online  upstreamonline.com 22 hours old Kathrine Schmidt

    Trump blames Opec for high oil prices

    Some Opec members responded to the accusation via Twitter

    Online  upstreamonline.com 23 hours old Reuters

    Lukoil starts up Uzbekistan gas plant

    Russian oil giant begins operations at processing plant to boost exports to China

    Online  upstreamonline.com 23 hours old Reuters

    Schlumberger profit surges to $525m

    Oilfield services provider sees increase in quarterly income amid higher oil prices

    Online  upstreamonline.com 20 Apr 13:30 GMT Anamaria Deduleasa

    Baker Hughes posts $5.4bn quarterly revenues

    US oilfield services player controlled by GE sees income and orders increase in the first three months of the year

    Online  upstreamonline.com 20 Apr 11:21 GMT Anamaria Deduleasa

    Akastor backs Odfjell newbuild effort

    Aker-owned company set to bankroll proposed acquisition of Stena MidMax or another rig by Norwegian contractor

    Online  upstreamonline.com 20 Apr 08:28 GMT Steve Marshall

    Spectrum sees seismic market 'recovery'

    Oslo-listed contractor bullish about work prospects on higher exploration activity by oil companies

    Online  upstreamonline.com 20 Apr 07:58 GMT Steve Marshall

    Svanefjell approval for Aker BP

    Anglo-Norwegian independent set for Barents Sea wildcat, with another to follow in the region

    Online  upstreamonline.com 20 Apr 07:46 GMT Eoin O'Cinneide

    SDX uncovers new Moroccan play

    Operator encounters gas shows it claims are yet to be seen in other parts of the Gharb basin

    Online  upstreamonline.com 20 Apr 06:38 GMT Josh Lewis

    Oil holds on to gains

    Both benchmarks set to post second straight weekly gain

    Online  upstreamonline.com 20 Apr 05:02 GMT Reuters

    Ghana eyes licence rounds

    Tano and Cape Three Points basin blocks may be offered this year, with more next year if successful

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Barry Morgan

    Call for players to specialise

    Classification society encourages Chinese upstream companies to focus on their core strengths

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Xu Yihe

    Fieldwood to develop Ichalkil

    US player set to file plans with Mexican regulator while its assets in US sector of the Gulf also look promising

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Kathrine Schmidt

    Asab FFD-2 tender is issued

    Abu Dhabi’s state-owned giant Adnoc Onshore has issued a tender for work on the second development phase (FFD-2) of its Asab onshore field, with the project thought to be worth close to $200 million, writes Nishant Ugal. Industry sources told Upstream that the tender for the engineering, procurement and construction contract was recently issued by the onshore operator and technical offers are lik

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Nishant Ugal

    Six battling for IGD-2 contract from Adgas

    Abu Dhabi-based player expected to finalise its award for Integrated Gas Development later this year

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Nishant Ugal

    'Sleeping beauty' owners positioning for expected boon from oil industry

    The past year has seen rig-owning stalwarts position themselves for an expected improvement in the oil industry’s fortunes, with Ensco replacing Transocean at the top of the tree, writes Eoin O'Cinneide. Ensco, which swooped on Atwood Oceanics in a $1.58 billion deal, not only has the highest number of units, but is also ahead on current fleet value, while Norway leads the way in terms of owning

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    Greens make their presence felt but move is greeted by industry scorn

    New Zealand’s Labour-led government has been in office for less than six months, and is a partnership between three political parties, including the Greens Party, writes Russell Searancke. Its decision to end the licensing of new offshore exploration permits was unexpected, and was not a part of Labour’s election campaign last year. Labour, and the new government, say they are committed to a car

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    Explorers still have earlier awards to drill

    There is potentially a busy three to five year period ahead for offshore exploration in New Zealand, with a number of drilling campaigns being lined up, despite the government’s decision to halt licensing of new acreage, writes Russell Searancke. The country’s largest operator is Austria’s OMV, which is fresh from acquiring Shell’s upstream assets, including an offshore exploration block in the f

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    BP eyes climate action

    Supermajor aims to invest more in renewables

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Anamaria Deduleasa

    Rosetti in pole position for Tolmount platform

    Italian yard understood to have pulled ahead of Norway's Kvaerner in race for Premier Oil facility in UK southern North Sea

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Rob Watts , Iain Esau and Ole Ketil Helgesen

    Industry ire at New Zealand’s move to end offshore offers

    Petroleum, services and business sectors ‘blind-sided’ by decision

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Russell Searancke

    Premier options on the table

    Premier Oil and its partners in the Tolmount development have still not decided which onshore terminal will receive and process gas from the UK southern North Sea field, it has emerged, writes Rob Watts. Despite earlier indications that the Perenco-operated Dimlington terminal in East Yorkshire had been selected as the final choice, Premier and its partners this week confirmed that another option

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Rob Watts

    Shell gets set for active role in energy transition

    New report outlines proposed strategy for unproduced oil and gas resources as world moves to low-carbon energy

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Rob Watts

    Shell in the hunt for Nigeria call-off services contractor

    Anglo-Dutch giant Shell is seeking a contractor able to provide call-off services in Nigeria for intervention, installation and support work, writes Iain Esau. The workscope includes light well intervention as well as the inspection, maintenance and repair of its subsea assets in deep-water Nigeria — focused on the Bonga floating production, storage and offloading vessel, single buoy moorings, in

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Iain Esau

    Tanzania seismic search

    State-owned Tanzania Petroleum & Development Corporation is on the hunt for a contractor to shoot 3D seismic data in the country’s southern waters, writes Iain Esau. The deadline for bids to be submitted is 30 April for a contract that will cover the acquisition and processing of 3D data in ultra-deepwater Block 4/1B. TPDC said the offer documents will be opened in public “promptly thereafter”.

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Iain Esau

    Pertamina facing class action after oil spill

    Confusion over who is responsible for 'Indonesia's worst environmental disaster in 10 years'

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Amanda Battersby

    Production boost with acquisition of PGN

    Also boosts domestic production

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    Chevron to move on IDD

    Studies on optimisation and cost reduction going well

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Amanda Battersby

    Skeels has the subsea skills

    TechnipFMC Technology Fellow Brian Skeels has gathered 14 patents and a list of distinguished achievements from his varied career in the offshore sector

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Russell McCulley

    Myanmar spud for Woodside

    Woodside Petroleum is preparing to spud the first well of its 2018 multi-well exploration and appraisal campaign off Myanmar, writes Russell Searancke. The Australian operator will use Transocean's drillship Dhirubhai Deepwater KG2 for an initial three-well contract. Woodside also has five one-well options with the drillship. The first well, Aung Siddhi-1, is due to spud in May. It is located

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    Dara East concept selected

    Black Platinum Energy has chosen its preferred development concept for the Dara East gas project in the Natuna Sea, Indonesia. The main elements of the project will be six normally unmanned wellhead platforms, a leased floating production unit, infield flowlines and umbilicals, and up to 23 wells. Produced gas would be sent via a third-party pipeline to the West Natuna Transport System. The Jaka

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    Body found after fire

    The body of a seafarer missing following an explosion and fire on board a Petronas-chartered research vessel off Malaysia on Tuesday has been found. The remains of Mohamad Saiful Ashnar were located on board the Geos on Wednesday following the incident off Kuala Baram, which also left two people injured. A search and rescue operation had been launched for the missing man following the early morn

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    Erin aims to shut down Oyo

    Operator declares force majeure at Nigeria field

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Barry Morgan

    Gazprom Neft upbeat over batch of blocks in West Siberia

    Russian state-controlled oil producer Gazprom Neft has released an optimistic assessment for six blocks it now holds in the south of the Khanty-Mansiysk region in West Siberia, writes Vladimir Afanasiev. The company said the blocks may be capable of producing between 15 million and 25 million tonnes (110 million — 183 million barrels) of oil equivalent per annum. Earlier in April, Gazprom Neft c

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Vladimir Afanasiev

    Iraq adds time for bidders

    Iraq has delayed its planned exploration licensing round to 25 April, giving international oil companies 10 more days to study the proposed model contracts on offer, writes Nassir Shirkhani. The Oil Ministry said it sent the final tender document outlining the bidding process and model for two proposed contracts to international oil companies last Friday. Abdul Mahdi al-Ameedi, head of the Oil

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Nassir Shirkhani

    Vermilion buys Spartan and expands footprint

    Canadian operator adds to Saskatchewan acreage after agreeing deal to acquire compatriot

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    Data sale for basins

    US seismic company FairfieldNodal has acquired the domestic multiclient data library of Geokinetics, expanding its seismic coverage in a range of key areas including the Permian, Appalachia and Powder River basins. The deal will increase Fairfield's coverage from 3532 square miles (9148 square kilometres) in the Permian basin to 10,460 square miles spread across the broader range of areas. “The

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    Five up in US rig count

    The US rig count climbed by another five units in the latest week to reach 1008, up by as much as 161 from the tally reported in the same report by service giant Baker Hughes this time last year. The count of rigs exploring for oil was up by seven for the week to 815, a number that has gained substantially over the year-ago figure of 683. The number of gas rigs fell by two to 192, a more modest

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    All change at Jones Energy

    US independent Jones Energy has fired its chief executive and president, but has allowed both to keep their seats on the company’s board. The Austin-based company in a regulatory filing said it had "terminated, effective immediately" its chief executive and founder Jonny Jones and president Mike McConnell. Jones Energy did not provide a reason for the personnel moves. Both will keep their seats

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Julia Martinez

    Chinese yards bear brunt of oil price downturn

    Just a few years ago Chinese facilities aimed to top the world's rig-building table

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Xu Yihe

    Inside US's plan for 25% Chinese tariffs

    THE US's plans to add another 25% tariff to 1300 Chinese goods, worth $50 billion in annual trade value, will have little impact on the 88 drilling rigs being stacked in China without charter, writes Xu Yihe. The US Office of US Trade Representative's (USTR) proposed tariff list, which also includes floating structures and offshore drilling rigs, is based on a Section 301 investigation into alleg

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    BP gives Vorlich figures

    Production from BP’s newly sanctioned Vorlich development in the UK central North Sea is expected to peak at up to 11,000 barrels per day of oil and 1.89 million cubic metres of gas per day a year after start-up, writes Rob Watts. The figures are contained in the environmental statement for the scheme, which was recently submitted to the UK authorities and released publicly on the day last week i

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    IOG deal done

    UK minnow Independent Oil & Gas (IOG) has completed its acquisition of the Thames Pipeline a little later than expected from Perenco, Tullow Oil and Spirit Energy, a move central to its ambitions of developing the Vulcan and Blythe gas hubs in the southern North Sea. It means IOG is now operator of the line, which it owns 100%, and can press ahead with a pigging programme to ensure the export lin

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    Northern Territory set to lift fracking ban

    Strict laws to be imposed for environment before E&P work can be carried out by industry

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Josh Lewis

    Novak’s pay driven down

    Russian energy minister’s salary drop fails to dent his need for speed

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Vladimir Afanasiev

    Rowan honours late legends

    US rig giant Rowan Companies has honoured a couple of legendary late employees by giving their names to a pair of jack-ups it bought last year from Brazil’s Petrobras. The Houston-based owner has renamed the two LeTourneau Super 116E-class units after the late retirees “who significantly contributed to the company’s success”. The P-59 has been renamed Bess Brants after one of the company’s very

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    Pridden bequeaths aquarium funds

    Former Subsea UK chief executive David Pridden, who died late last year, has bequeathed funds to the National Marine Aquarium (NMA) in Plymouth that will help fund its Schools Outreach Programme. The only stipulation made by the former chairman of Glasgow-based subsea services company Seanamic Group is that the funds must be matched from industry, organisations or individuals if they are to be ta

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    India plans to set up gas hub

    Authorities invite bids to develop regulatory framework for trading hub and benchmark

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Nishant Ugal

    Maritime complex go-ahead is huge boost to Saudi Arabia

    The Saudi Arabian rig market received a massive shot in the arm in the past year after a quartet of partners, including state oil giant Saudi Aramco, took a final investment decision on a giant new maritime complex in the east of the country, writes Eoin O'Cinneide. The King Salman International Complex, part of Crown Prince Mohammed bin Salman’s wider Vision 2030 plan for rejuvenating the Saudi

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    Russian gas exports to Europe hit new highs

    Gazprom reveals significant jump in flows as it also looks at clearing permits for new pipeline

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Vladimir Afanasiev

    LNG Ltd cuts Fishermans line

    Australia’s Liquefied Natural Gas Ltd (LNG Ltd) has completed its exit from the Fisherman's Landing LNG project in Queensland. The company announced it was leaving the project last year after years of trying to secure a long-term gas supply contract.LNG Ltd sold the project to LNG Queensland for US$800,000 plus US$4 million if the buyer reaches a financial close on an LNG project at the Fisherman

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    Oil Search ready to spin drillbit on Forelands gas quest

    Papua New Guinea's Oil Search is about to start a two-well operated appraisal drilling programme in the Forelands region as it seeks new gas volumes for its liquefied natural gas business, writes Russell Searancke. The Kimu-2 appraisal well in Block PRL 8 is expected to begin drilling shortly and should reach total depth in late May or early June. It will be followed by the Barikewa-3 appraisal

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    ExxonMobil plans get big boost in Papua New Guinea

    Supermajor more than triples P’nyang field’s reserves estimate after appraisal work, significantly underpinning expansion concept

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Russell Searancke

    Awilco deal for semisub divides opinions

    Awilco Drilling’s order of a harsh-environment semi-submersible at Singapore’s Keppel Fels earlier this year has given fresh impetus to the ailing rig market, but it has also split market opinion on the wisdom of the deal, writes Eoin O'Cinneide. The $425 million order for one firm mid-water unit also came with a trio of options, with the firm unit set to hit the water in early 2021. “If you bel

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    Brazil bouncing back as charters rise

    Petrobras and other players including Shell, Statoil and Total give impetus to a rig market that had been off the boil for years

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Fabio Palmigiani

    More of South America now open for contracts

    Over the past few years, drilling contractors have shifted their attention from Brazil to other markets in South America in search of new opportunities, as Petrobras’ appetite for exploration work dropped to record low levels, writes Fabio Palmigiani. “The ultra-deepwater market has changed in the sense that there is work offshore Guyana, Trinidad and Suriname, a lot of places that did not exist

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Fabio Palmigiani

    Optimism returns for offshore rig market

    Industry remains cautious, but confidence in sector rising as utilisation of units starts to increase

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    Better days on the horizon for sector off Norway

    Dayrates starting to rise again for battered and bruised contractors as offshore field development and exploration work gains strength

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Steve Marshall

    Borr jacks-up its position quickly to take top spot among rivals

    In only 15 months, Norwegian start-up Borr Drilling has propelled itself to the top of the list of the world’s jack-up rig players, overtaking the likes of Seadrill, Rowan, Ensco, Noble and Maersk Drilling with a comfortable margin, writes Beate Schjolberg. With its recent acquisition of Paragon Offshore, the Oslo and Dubai-based company’s fleet of premium jack-ups numbers 24, well ahead of its r

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Beate Schjølberg

    Gorgon phase two approval

    The Chevron-led owners of the Gorgon liquefied natural gas project in Australia have made a final investment decision for a phase two upstream development, writes Russell Searancke. Phase two is centred on maintaining gas supplies from the deep-water Gorgon and Jansz-Io fields into the three-train Gorgon LNG plant on Barrow Island. Chevron Australia managing director Nigel Hearne said Gorgon sta

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    Land drillers benefit from market upswing

    Higher working rig numbers expected from improving oil price and more unit efficiencies

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Caroline Evans

    Upgrades win over newbuilds

    While drillers across the board see the market for rigs improving through 2018, they still generally favour upgrades to newbuilds, writes Caroline Evans. Helmerich & Payne (H&P), which earlier this year had 171 super-spec units operating at about 98% utilisation, believes there are another 200 to 250 rigs in the industry where upgrades to super-spec capacity would be "economically feasible", and

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Caroline Evans

    Tanap makes progress

    The first section of the $8 billion Trans-Anatolian pipeline (Tanap) project that will bring gas from BP's Shah Deniz field off Azerbaijan to Turkey is due to be completed on 30 June, writes Kama Mustafeyeva. Tanap's general manager Saltık Duzyol said this week that a 1340-kilometre section running from the Georgian border to Eskisehir in western Turkey is almost complete, with pipeline commissio

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Kama Mustafayeva

    ONGC sweeping market for seismic survey taker

    Indian giant offers tender for 3D shallow-water work off west coast of country

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Nishant Ugal

    Woodside up

    A rise in production helped Australian independent Woodside Petroleum increase revenues in the first quarter. The company posted revenues of US$1.17 billion in the three months to the end of March, up from US$902.4 million a year earlier. Output climbed to 22.2 million barrels of oil equivalent in the quarter from 21.4 million barrels of oil equivalent in the first period of 2016. Woodside’s sh

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    Kurds pay more to operators

    The Kurdistan Regional Government (KRG) has made further payments totalling more than $100 million to a trio of producers to cover January crude exports and licence cash for fields in the autonomous region of northern Iraq, writes Steve Marshall. DNO has been paid a total of $56.44 million for exports from its operated Tawke oilfield to be shared pro-rata with partner Genel Energy based on thei

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Steve Marshall

    President programme

    President Energy is planning a large workover programme at its Puesto Flores and Estancia Vieja concession in Argentina to follow up what it says are the successful results of its campaign so far. Latin America-focused President will start the six to eight well workover programme at Puesto Flores in Rio Negro province, starting in May. It also plans an accelerated three-well development drilli

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Anamaria Deduleasa

    Wells firm up Willow

    ConocoPhillips has made a trio of discoveries in what it said was a “promising” winter drilling programme in Alaska’s western North Slope, which firmed up resources at its 2016 Willow oil find, writes Eoin O'Cinneide. The US independent drilled three exploration wells and a trio of appraisals on Willow for a total of six probes, one more than the original target of five, with two being appraisals

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    ANP plans tender relaunch for pipeline construction

    The Brazilian National Petroleum Agency (ANP) expects to re-launch later this year a tender for construction of the Itaborai-Guapimirim pipeline, the first such concession contract to be offered to private investors since the approval of a gas law in 2009, writes Fabio Palmigiani. The 11-kilometre, 24-inch onshore pipeline will be able to transport 17 million cubic metres per day of natural gas,

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Fabio Palmigiani

    Total well ahead with Buliisa operation

    France's Total is well advanced in its tendering activities in connection with the 800 million barrel Buliisa asset in Uganda, even though it does not expect to take a final investment decision until towards the end of this year, writes Xu Yihe. Sources said engineering, procurement and construction services giants CB&I and Fluor are running neck and neck for the contract, which covers a 200,000-

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Xu Yihe

    Petrofac and COOEC in race for Kingfisher prize

    CNOOC Ltd expected to open commercial bids soon for EPC contracts at Uganda project

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Xu Yihe

    Nord Stream 2 gains permission to cross Finnish territory

    The Gazprom-led Nord Stream 2 gas export pipeline project has received the second of two permits that are required to build and operate a section of its planned subsea pipe in Finland’s exclusive economic zone, writes Vladimir Afanasiev. The permit, which was granted by the regional state administrative agency of Southern Finland in accordance with the country’s Water Act, completes the permittin

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Vladimir Afanasiev

    US Gulf demand to stay flat

    Rig count in US waters now half what it was in 2014, but numbers are set to increase slightly in Mexican sector

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Kathrine Schmidt

    Awilco takes a bold gamble with newbuild

    UK-based player makes a splash with order of semi-submersible from Keppel Fels — the first order for a new rig in four years

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Steve Marshall

    Egdon seeks partner for two near-shore blocks

    Seismic and drilling set for next year on finds off Yorkshire coast

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    Services contracts on the horizon at Ubon

    Chevron and partners prepare to start bidding contest for Thailand development after cutting costs and scope

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Russell Searancke

    Reaping the benefits of market recovery

    Jack-up owners positioning themselves to cash in on upturn in activity

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    Novatek faces local content challenges

    Russian gas producer admits it will need to turn to foreign suppliers for components for Arctic LNG 2 development

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Vladimir Afanasiev

    Rig dayrate bright spot

    Harsh environment segment is one of the few positives for rig owners, but even here prices cannot match pre-downturn rates

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Eoin O'Cinneide

    Seadrill plan is ratified

    Seadrill has gained legal ratification of a major refinancing plan after releasing its results from last year that revealed the full extent of the London-based rig giant’s financial woes, writes Steve Marshall. The New York and Oslo-listed company, backed by billionaire investor John Fredriksen, racked up a $3.1 billion net loss in 2017 on the back of heavy impairments on newbuilds and other inve

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator

    Statoil faces flak over transition strategy

    Staff hit out as company sanctions renewables projects with rate of return half that of rejected oil and gas schemes

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Ole Ketil Helgesen

    Ivela well hits oil off Gabon

    Spain’s Repsol and its Australian partner Woodside Energy have hit oil with their Ivela-1 wildcat off Gabon, writes Iain Esau. Drilled by the drillship West Capella, Ivela-1 found a 78-metre gross oil column, according to Woodside. Results are being assessed. Ivela is located in 2665 metres of water in the Luna Muetse block and was drilled to a total depth of 5487 metres beneath the rotary table

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Iain Esau

    Fluor-JGC tipped to win Shell's LNG Canada deal

    Consortium emerges as preferred bidder for key contract

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Xu Yihe

    Petrobras opens up Mero field bid feast

    Brazilian operator invites four players to pitch rigid riser-based solution

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Fabio Palmigiani

    Merakes nod in Indonesia

    The Indonesian government has approved Eni's development plan for the large Merakes satellite gas discovery near the Jangkrik floating production unit. Eni said Merakes is estimated to hold 2 trillion cubic feet of gas in place and is located in 1500 metres of water, 35 kilometres from the Jangkrik floater. Merakes will be a subsea development tied back to the floater, and the gas will then be p

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Russell Searancke

    Chevron arrests

    Chevron confirmed that a pair of its employees from its Global Technology Services Company in Venezuela were arrested on Monday. The US supermajor, a partner with PDVSA in the Petropiar joint venture, said it contacted local authorities for an explanation and has a legal team working towards their timely release.

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Kathrine Schmidt

    Aramco award

    Saudi state-owned giant Saudi Aramco has awarded Canadian group SNC-Lavalin a contract to install additional facilities for its Wasit gas plant in Saudi Arabia’s Eastern province. Under the “multi-million-dollar” contract, SNC-Lavalin will construct the Arabiah condensate handling facility and sour water disposal unit project at the plant. The job includes the installation of process equipment a

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Anamaria Deduleasa

    Kenya engages

    Oil service giant Schlumberger has been contracted by the National Oil Company of Kenya (NOCK) to help evolve in-house field development expertise and provide an independent perspective and ahead of moves to secure oil production from the Lokichar basin and beyond.

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Barry Morgan

    Oil price sustains recent rally

    Resilience of values is 'a further indication that Opec-led supply curbs are paying off'

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Nassir Shirkhani

    Logistics support bids set to land for Libra

    Brazilian state-controlled oil company Petrobras is due to receive commercial proposals on 14 May in a tender covering the provision of integrated logistics support activities to serve the giant Libra pre-salt development in the Santos basin, writes Fabio Palmigiani. According to a well-informed source, Petrobras has divided the tender in three separate packages. Lot 1 calls for the charter of he

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Fabio Palmigiani

    Charters on the table for vessels

    Petrobras was set to receive bids this week in a new tender to charter shallow-water diving support vessels to operate off Brazil. The oil giant reopened the competition following a technical glitch that prevented some companies from submitting their proposals. Petrobras has rescheduled the tender for 17 April, and is offering two and three-year charters, renewable for an equal period, for SDSVs

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Fabio Palmigiani

    Zinke in royalties re-think

    The Trump administration in the US has once again produced a head-scratcher of an offshore energy policy decision, writes Kathrine Schmidt. Interior Secretary Ryan Zinke decided in 2017 to reinstate a royalty policy committee, prompting murmurs that rates could be adjusted. After a study, the panel recommended deep-water royalty rates be cut to 12.5% from 18.75% for future lease sales to encour

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Kathrine Schmidt

    Subsea concept has already had a run out in the pre-salt

    The Brazilian pre-salt has already seen the application of flexibles, submerged riser buoys and steel lazy-wave configurations, writes Fabio Palmigiani. Petrobras used conventional free-hanging flexibles for the first series of extended well tests in the pre-salt, and also on the pilot floating production, storage and offloading vessel on the Lula field, even though these products were not qualif

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Fabio Palmigiani

    New Buzios FPSO tender date delay

    Brazil’s Petrobras has postponed for the seventh time the date for submission of commercial proposals in the tender for the Buzios 5 floating production, storage and offloading vessel. According to sources, Petrobras has pushed back the date by another two weeks, to 30 April from 13 April, on request of some companies invited to bid. Petrobras is asking for a large FPSO for Buzios 5. The unit wil

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Fabio Palmigiani

    TechnipFMC confirms award for Tortue FPSO

    Studies will be followed by EPCI contract at gas project off Mauritania and Senegal

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Iain Esau and Xu Yihe

    ANP steps in to approve local content relief

    Regulators' go-ahead for softer requirements on blocks acquired from 2005 to 2015

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Fabio Palmigiani

    Nexen rapped for diesel spill at Buzzard North Sea platform

    North Sea operator Nexen has been sanctioned by the UK authorities following a diesel spillage at the Buzzard platform, writes Rob Watts. UK regulators said 1.42 to 2.69 tonnes of diesel found its way into the sea when a diesel storage tank was overfilled on 1 December last year. Enforcement action has now been taken against the Chinese-owned company by the UK Offshore Petroleum Regulator for En

    Weekly  upstreamonline.com 19 Apr 23:00 GMT Global Mediator