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  • US, Panama to sign LNG pact

    Agreement aims to boost private investment to expand market for US LNG

    Online  upstreamonline.com 17 Aug 20:46 GMT Reuters

    US gains offshore rig

    Offshore rigs are up five from 2017

    Online  upstreamonline.com 17 Aug 17:36 GMT Julia Martinez

    Wintershall to use the Island Wellserver on Maria field

    Norwegian Petroleum Safety Authority gives permission to operator to use the well stimulation vessel on the Norwegian Sea field

    Online  upstreamonline.com 17 Aug 14:31 GMT Anamaria Deduleasa

    Aker BP to use Maersk Invincible on Valhall

    Norwegian Petroleum Safety Authority gives green light for use of newbuild rig

    Online  upstreamonline.com 17 Aug 14:13 GMT Anamaria Deduleasa

    Oil set for weekly loss on trade row concerns

    Oil prices rose on Friday but were heading for yet another weekly decline as concerns intensified that trade disputes and slowing global economic growth could hit demand for petroleum products. Brent crude oil futures were up 92 cents at $72.25 a barrel by 1237 GMT, after rising over $1 to hit a high of $72.44 a barrel. US West Texas Intermediate (WTI) crude futures rose 59 cents to $66.05. US i

    Online  upstreamonline.com 17 Aug 13:44 GMT Reuters

    Norway to open two new areas for offshore wind

    The areas are earmarked for supplying the oil and gas sector offshore, petroleum and energy minister says

    Online  upstreamonline.com 17 Aug 10:30 GMT Bernd Radowitz in Berlin

    IOG gets Harvey funding

    London-listed player aims to drill by end of year, moves closer to FID on the Blythe Hub and Vulcan Satellites Hub

    Online  upstreamonline.com 17 Aug 08:44 GMT Anamaria Deduleasa

    Maersk Drilling to get separate Copenhagen listing

    Parent company AP Moller-Maersk to focus entirely on transport and logistics

    Online  upstreamonline.com 17 Aug 08:23 GMT Anamaria Deduleasa

    SDX continues Egypt gas hits

    UK-based operator sees ‘successful’ flow test with its latest well at South Disouq concession

    Online  upstreamonline.com 17 Aug 07:21 GMT Anamaria Deduleasa

    Bodies found at Anadarko property

    Former employee being investigated in murder of his wife and daughters

    Online  upstreamonline.com 17 Aug 06:38 GMT News Reports and Upstream staff

    Oil slips on demand worry

    US crude on track to post its seventh straight weekly decline

    Online  upstreamonline.com 17 Aug 05:50 GMT Josh Lewis

    GSS reopens Indonesian well

    Gas being flowed to surface from onshore well in Central Java

    Online  upstreamonline.com 17 Aug 05:27 GMT Josh Lewis

    Tap dismisses Northern Gulf offer

    Major shareholder launches bid for partial takeover but board continues to back another proposal

    Online  upstreamonline.com 17 Aug 03:51 GMT Josh Lewis

    BP buys gas from PNG LNG

    Deal takes total contracted volume from project to 7.5 million tpa

    Online  upstreamonline.com 17 Aug 00:34 GMT Josh Lewis

    GEV teams up with Tamarind

    Pair look to work together in pursuing Malaysian gas fields

    Online  upstreamonline.com 16 Aug 23:54 GMT Josh Lewis

    Oil settles higher as markets steady

    Weaker outlook for crude keeps lid on Thursday's gains

    Online  upstreamonline.com 16 Aug 22:22 GMT Reuters

    Australia's 2017 safety incidents below long-term average

    Offshore safety incidents in Australia in 2017 were well below the long-term average despite a surge in offshore construction activity during the year, according to the country's national petroleum regulator, writes Russell Searancke. There was a 31% increase in hours worked compared to 2016 which was largely attributable to four new liquefied natural gas projects being commissioned — Prelude, Ic

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Global Mediator

    TGT still waits for jack-up

    One of Vietnam's leading field operators is still waiting on an overdue jack-up rig to arrive for a drilling campaign aimed at providing a boost to oil production, writes Russell Searancke. Under a contract between the Hoang Long joint operating company and PetroVietnam Drilling, the jack-up drilling rig PVD-1 was supposed to be on location drilling the first of several infill wells at the Te Gia

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Global Mediator

    ExxonMobil beefs up Walvis basin portfolio off Namibia

    ExxonMobil has farmed in to another prospective licence off Namibia, operated by Paris-based independent Maurel & Prom, as supermajor interest in this frontier oil and gas play continues to grow, writes Barry Morgan. In a deal with licence partner Azinam, the Dallas-based giant has taken a 30% stake in PEL 44 in the Walvis basin, just months after farming into Galp-operated PEL 82, in the same ba

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Barry Morgan

    Petronas expands in Senegal

    Malaysian state oil company Petronas has farmed in to the Total-operated Rufisque Deep block off Senegal, consolidating its position on the Mauritania-Senegambia-Guinea-Bissau-Conakry (MSGBC) basin, writes Barry Morgan. Petronas will take a 30% stake in the Rufisque Deep, located on the West Africa Transform margin, with Total’s interest falling to 60%, while Senegal’s state-owned company Petrose

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Barry Morgan

    SBM Offshore retires Yetagun FSO after Myanmar stint

    SBM Offshore has retired the floating storage and offloading vessel that has been deployed for 18 years at the Yetagun field off Myanmar. SBM said in its latest financial results that the Yetagun FSO was recently decommissioned, and would be sold and transferred off its balance sheet in the third quarter this year for recycling. As Upstream went to press, the FSO was moored at a shipyard in Sing

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Russell Searancke

    Niko in Block 9 battle

    Canadian independent Niko Resources is planning to launch arbitration against the Bangladesh government relating to non-payment for its share of output from KrisEnergy’s onshore Block 9, writes Amanda Battersby. For more than two years the government has paid reduced amounts to KrisEnergy for gas and condensate from the Block 9 production sharing contract due to its ongoing dispute with Niko over

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Global Mediator

    Chevron tees up Ubon opportunity for players

    US supermajor is set to invite several companies to bid for contracts for updated wet gas project off Thailand

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Russell Searancke

    Oil trucking to resume

    Kenya aims to resume trucking of crude shipments to Mombasa from Tullow Oil’s South Lokichar basin fields on 22 August, according to the Energy Ministry’s Petroleum Cabinet Secretary John Munyes. Evacuation ceased in June when locals blocked trucks amid security concerns and a dispute over access to jobs, contracts and demands to share in the equity of operations. These grievances have now been

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Barry Morgan

    Aker Solutions’ belief in Brazil points to success

    Contractor saw an opportunity and is in a better position now to take advantage

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Gareth Chetwynd

    Downturn opened the door for diversification

    Aker Solutions’ faith in the Brazilian market was underlined by the decision to enter the offshore maintenance sector during the downturn, as demonstrated by the acquisition of a 70% stake in CSE Mecanica & Instrumentacao in 2016, writes Gareth Chetwynd. Although conventional wisdom might rate the move as risky, Aker’s experience in offshore services and asset integrity management in the North Se

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Gareth Chetwynd

    SBM set for return to Brazil's FPSO market

    Settlement of liabilities leaves player aiming at two new floater projects per year

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Gareth Chetwynd

    Eyes on Fast4Ward orders

    Dutch floater specialist SBM Offshore has lined up drydock capacity with Shanghai Waigaoqiao Shipbuilding (SWS), eyeing potential additional orders of floating production, storage and offloading vessels at the Chinese yard under its Fast4Ward design, writes Xu Yihe. An SBM spokesperson told Upstream the Fast4Ward programme is founded on standardisation and repetition and, “as such we are, of cour

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Xu Yihe

    When joining the dots adds up

    BHGE sees clear advantages in a deeper integrated approach for services off Brazil, over and above the normal cost savings from the current trend for mergers and alliances

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Gareth Chetwynd

    Bangladesh hopes to spur oil and gas revival

    Could Bangladesh finally be on the verge of a much-needed and long-awaited upstream renaissance? Government officials are upbeat following Posco Daewoo’s encouraging results from a recent seismic survey and its decision to acquire more detailed 3D data later this year before potential exploration drilling. The South Korean operator is today the only company engaged in exploring Bangladesh’s deep

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Amanda Battersby

    Posco Daewoo gears up for Bangladesh survey

    Operator plans 3D shoot near Myanmar border with possible start as soon as November

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Amanda Battersby

    Shell weighs up Shearwater gas export switch

    Supermajor sees routing options opening up to ‘Replumb’ North Sea transport systems

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Rob Watts

    Expectations at the hub for Egypt

    Success with new exploration campaign may hand Cairo a key role in European energy security

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Nassir Shirkhani

    Dana’s exit leaves Arran door open for Shell

    Shell looks set to take over as operator of the Arran development in the central North Sea after South Korean-owned operator Dana Petroleum sprang a surprise last week by exiting the project, writes Rob Watts. Minnow RockRose Energy announced the signing of an agreement to acquire Dana’s 20.43% interest in blocks 23/11a, 23/16b and 23/16c, which contain Arran, for a “nominal consideration”. The

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Global Mediator

    Spotlight falls on rota rule

    Shell will decide before the end of the year whether to change the controversial three-week on, three-week off rota system worked by contractor staff on its UK North Sea platforms, writes Rob Watts. Shell was one of a number of North Sea operators to switch to "three-three" rotas from mostly two-on-three-off systems in a bid to cut costs following the oil price collapse of 2014. Trade unions and

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Rob Watts

    Eni gets nod to drill at Nour

    Operator lines up new exploration campaign after government approval and after stellar success at Zohr

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Nassir Shirkhani

    Four face off for Browse pre-FEED

    Fluor, KBR, TechnipFMC and Wood Group in the frame for engineering work on units to anchor the project

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Russell Searancke

    PTTEP lines up deep-water rig for Orchid-1 exploration well work

    Thailand’s PTTEP will soon take delivery of a deep-water drilling rig which will spud an exploration well in the Cash-Maple area off north-west Australia where it has tried for years to build a liquefied natural gas resource, writes Russell Searacnke. The Thai company contracted the semi-submersible drilling rig GSF Development Driller I to drill the Orchid-1 exploration well in Block AC/P54 betw

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Russell Searancke

    Pledge on backing for Kamchatka

    Russian Prime Minister Dmitry Medvedev has promised heavy state backing for a proposed liquefied natural gas transshipment terminal on the Kamchatka Peninsula in the country's far east, writes Vladimir Afanasiev. The project has been put forward by the country’s largest independent gas producer, Novatek. Speaking last week with regional governmental officials and Novatek executives in Kamchatka’

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Vladimir Afanasiev

    Qatar's emir visits Turkey for talks with Erdogan

    The emir of Qatar — the world’s largest liquefied natural gas exporter — visited Turkey this week for talks with President Tayyip Erdogan, who is dealing with a collapse of the lira currency and deteriorating relations with the US, writes Nassir Shirkhani. Tamim bin Hamad Al Thani and Erdogan were expected to discuss “means of strengthening the existing strategic co-operation between the two coun

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Nassir Shirkhani

    Liberia moves towards licensing exercise led by state-run Nocal

    Signs emerged this week that Liberia may shortly seek to refresh international interest its oil and gas potential and attempt to restore confidence in the ability of the National Oil Company of Liberia (Nocal) to promote and manage a new licensing exercise, writes Barry Morgan. Nocal this week denied reports of mismanagement and promised to take “proactive steps to revive the oil and gas sector i

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Barry Morgan

    Turbines for Mero FPSO

    GE unit Baker Hughes has won a contract from Modec International to supply the gas-powered turbines on the first full-scale floating production, storage and offloading unit that will be installed on the Mero field, operated by Petrobras in Brazil. BHGE had already won a contract to supply Modec with gas compression equipment for for the Carioca FPSO on the Petrobras-operated Sepia field. The con

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Gareth Chetwynd

    Husky lines up equipment for West White Rose CGS

    Canadian player invites pre-qualification responses for wellheads and christmas trees to be installed on platform off Newfoundland

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Iain Esau

    EnCana seeks DSV for Deep Panuke decommissioning job

    Calgary-based independent EnCana continue to progress decommissioning activities at its Deep Panuke gas project off Nova Scotia, Canada. An expression of interest was released for the provision of a diving support vessel to carry out subsea disconnection work, with responses due back by 21 August. The offshore scope will focus on disconnecting flowlines and umbilicals linking five subsea trees,

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Iain Esau

    Iranian ruler in US snub

    Iran’s Supreme Leader Ayatollah Ali Khamenei has dismissed US President Donald Trump’s offer of unconditional talks to improve relations, leaving Tehran to face the full force of looming US sanctions on its oil sales, writes Nassir Shirkhani. “I ban holding any talks with America. America never remains loyal to its promises in talks,” said Khamenei, who has the final say on policy in the Islamic

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Nassir Shirkhani

    Ghana agrees boundary with Ivory Coast

    Ghana has agreed its final maritime boundary with neighbour Ivory Coast and is now seeking accord on the joint management of cross-border deposits, writes Barry Morgan. The agreement came almost one year after the Hamburg-based Special Chamber of the International Tribunal on the Law of the Sea (ITLOS) found in Ghana’s favour, following three years of arbitration. Seven co-ordinates had to be ag

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Barry Morgan

    GulfSlope to test Miocene

    US independent GulfSlope Energy is drilling the first of two wells that will test the potential for US Miocene reservoirs to be accessed in the shallow-water US Gulf of Mexico. The company said it started drilling at the Canoe-1 probe last week using the jack-up Rowan Ralph Coffman. The rig is set to reach planned measured depth of 6249 feet in 15 days. The well is being drilled in 325 feet of

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Global Mediator

    Chevron moves on Rosebank

    US supermajor Chevron has notified the UK Oil & Gas Authority (OGA) that it intends to apply for consent to develop its challenging deep-water Rosebank project on the Atlantic margin, writes Rob Watts. The application will be subject to the revived project being approved by its owners, which, as well as operator Chevron, includes Suncor Energy and privately-held Siccar Point Energy, Chevron said

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Global Mediator

    Drillship bargain for Shell

    Shell has contracted the drillship Brava Star from Brazil's Queiroz Galvao Oil & Gas (QGOG) at a reported dayrate of less than $130,000, writes Gareth Chetwynd. The decision to charter the Brava Star was reported by Upstream in June, and the rock-bottom rig rate has persuaded the Anglo-Dutch supermajor to plan for two pioneering wells in Brazil’s Santos basin, plus another two infill wells on the

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Gareth Chetwynd

    QGEP plans to sign up rig for Atlanta drilling

    Third well to be spudded in 2019 and connected to Petrojarl 1 FPSO

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Gareth Chetwynd

    Gains keep Nine Energy upbeat

    US onshore oilfield services company eyes M&A opportunities while acknowledging wage inflation and challenges ahead

    Online  upstreamonline.com 16 Aug 22:00 GMT Julia Martinez

    Eni launches tender for Mexico platform

    Facility to be used at Amoca, Mizton and Tecoalli fields

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Kathrine Schmidt

    Bukma-1 well off Veracruz disappoints for Pemex

    Exploration well off Veracruz disappoints

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Kathrine Schmidt

    Abkatun gas pipeline plans

    Pemex has issued an engineering, procurement, construction and installation tender for a pair of gas pipelines in the vicinity of the Abkatun field in Mexico's Bay of Campeche, writes Kathrine Schmidt. The first line, 12 inches in diameter, will run 12.1 kilometres between the Abkatun N-1 platform and the Batab-A platform. The second would be eight inches in diameter and run from a valve between

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Kathrine Schmidt

    Equinor and Navitas join Yucatan North

    Operator Llog Exploration adds Norwegian and Israeli companies as partners at deep-water US Gulf field

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Kathrine Schmidt

    Going with the flow...

    John Peter Amewu has been named Ghana’s new Energy Minister after Boakye Agyarko was sacked last week Amanda Eversole has been appointed chief operating officer at the American Petroleum Institute Phoenix Global Resources has appointed Kevin Dennehy chief executive AquaSmart Enterprises has named Oliver Mulamba director of technology Maritime Strategies International has appointed Gregory Brow

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide

    PNG LNG backs agriculture scheme

    ExxonMobil and its partners in the Papua New Guinea LNG project are backing a public-private partnership aimed at stimulating the agriculture industry in the country’s Hela Province. Apart from the partners in the liquefied natural gas scheme, the proposed venture is backed by agribusiness firm Innovative Agro Industry, regional governments and the government in Port Moresby. The initial aim is

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide

    Apache dips into pool fund

    US independent Apache has dived in to help restore a natural spring-fed swimming pool in West Texas that has been closed since earlier this year after part of the structure collapsed. The oil and gas giant will take part in the public-private funding drive to repair the decades-old pool at the Balmorhea State Park in Reeves County, which has been closed since May. The Texas Parks & Wildlife Foun

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide

    Faroe signs farm-in deal

    UK-listed Faroe Petroleum has signed a farm-in deal with operator Azinor Catalyst to gain a stake in the Agar-Plantain exploration well due to be drilled off the UK later this month. The independent will pick up a 25% interest in the probe that will target the Plantain oil prospect, with a subsequent sidetrack lined up to appraise the earlier Agar oil discovery made in 2014, contingent on drillin

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Steve Marshall

    OMV success

    Austria-controlled player OMV Petrom has brought online its latest well in the Black Sea, which is the first multi-lateral probe ever to be drilled in Romania. The LV07 well on the Lebada Vest (Swan West) field on the operated Histria block has started up with initial production of 1700 barrels of oil equivalent per day. The well, which spudded in February, cost around €30 million ($34.77 millio

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide

    Gazprom offers second route for Nord Stream 2

    Russian operator submits alternative plan to Danish Energy Agency in hope of smoothing key approval

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Vladimir Afanasiev

    Mariner strike is averted

    Workers on Equinor’s Mariner platform in the UK North Sea have called off strike action after accepting a new pay deal from contractor Aker Solutions, writes Eoin O’Cinniede. The members of UK trade unions Unite and GMB earlier this week voted to accept the improved deal offered to them by the Norwegian contractor late last month. A total of 75% of GMB members balloted on the issue voted in favo

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide

    North Komsomolskoye switch to Rosneft and Equinor venture

    Russian Prime Minister Dmitry Medvedev has signed a resolution instructing the country’s Ministry of Natural Resources & Environment to transfer an existing exploration and development licence for the North Komsomolskoye field to Sevkomneftegaz, writes Vladimir Afanasiev. Sevkomneftegaz is a joint venture between state-controlled oil producer Rosneft and Norway’s Equinor. The transfer is another

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Vladimir Afanasiev

    Cygnus steps into cyberspace

    Neptune’s North Sea facility seen through Google Street View

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Rob Watts

    Opec city tops ‘liveability’ index

    Opec’s home city of Vienna came out on top in the latest installment of the Economist Business Unit’s annual list of the world’s most liveable cities, but other oil towns did not score so well. The Austrian capital beat Australia’s Melbourne — which had claimed the crown seven years running — to the top spot on the Global Liveability Index, due to a positive change in the stability category. Can

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide

    Operators feel steel tariff hit

    Controversial tariffs imposed by the administration of US President Donald Trump on imported steel are already driving well costs higher for US oil and gas producers, write Caroline Evans and Kathrine Schmidt. Independents ConocoPhillips, Pioneer Natural Resources, Parsley Energy and Cimarex Energy all recently reported that the 25% levy on foreign steel translated to higher costs in the second q

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Julia Martinez

    Sykes in the right space at BP

    Regional president for the Gulf of Mexico and Canada is building on the supermajor's core strengths

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Kathrine Schmidt

    US inventories see oil price fall

    Crude stocks up more than expected, as Turkey crisis, Iran sanctions and US-China spat affect market

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Nassir Shirkhani

    Archer hit by Argentina loss

    Norwegian drilling services provider Archer posted a loss in the second quarter due mainly to negative factors in Argentina. The Oslo-listed player’s net loss hit $7.4 million, down from a profit a year earlier of $112.9 million when it posted a significant gain on financial items. Revenues rose to $224.4 million from $209.2 million as the company reported continued improvement in the Norwegian

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide

    Devon to sell off acreage

    US independent Devon Energy has agreed to sell a package of what it deems to be non-core acreage in the Permian basin to Carrizo Oil & Gas for $215 million. The deal, which is expected to close in the fourth quarter and is subject to closing conditions, spans 9600 net acres in the Delaware sub-basin of the prolific Permian play. The acreage sits in Ward and Reeves counties and has net producti

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Julia Martinez

    Shelf sees reduced earnings

    Jack-up rig player Shelf Drilling reported a drop in earnings in the second quarter, partly due to costs related to its initial public offering earlier this year. Earnings before interest, taxes, depreciation and amortisation dropped to $38.3 million in the quarter from $55.2 million in the same period last year, while adjusted Ebitda slipped to $55 million from $56.5 million. Revenues rose 7% to

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Beate Schjølberg

    Diamondback Energy sets sights on savings

    US shale independent hoping to see synergies that will save it up to $3 billion after acquisition of Energen

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide and Julia Martinez

    Pandion to drill well off Norway

    Private-equity backed Pandion Energy will take part in its first exploration well off Norway after acquiring a stake in a North Sea licence from Germany’s Wintershall. The Norwegian player will acquire a 10% interest in MOL-operated production licence 820S in which Wintershall presently holds 30%. An exploration well is due to be drilled next year in the licence, located north-west of the Balder

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Global Mediator

    Savannah in Niger rig move

    UK player Savannah Petroleum has exercised a rig option with China’s Great Wall Drilling after it made its fourth consecutive discovery on a tract in Niger. The Eridal-1 exploration well in the R3 portion of the R3/R4 production sharing contract was drilled to 2542 metres and intersected around 13.6 metres of net oil-bearing sandstone in the E1 reservoir within the primary Eocene Sokor Alternance

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide

    Bangladesh LNG arrives

    Bangladesh has finally received its first liquefied natural gas imports after regasified volumes entered its onshore grid following several months of delays. Test volumes left a floating storage and regasification unit and government officials said commercial operations are firmly in sight. The initial consignment from Excelerate Energy’s FSRU at Moheshkhali Island entered the distribution grid

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Global Mediator

    TechnipFMC files action over ex-executive role

    Services giant alleges misappropriation of trade secrets during job switch but rival rejects claims

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Kathrine Schmidt

    Aker gets Luihua contract

    Norway’s Aker Solutions has won a contract worth Nkr350 million ($41.6 million) from China's CNOOC Ltd for the provision of dynamic and static power umbilicals for the Liuhua 16-2 and 20-2 fields in the South China Sea's Pearl River Mouth basin, writes Xu Yihe. Aker offered the lowest price at $41.6 million for two dynamic and static power umbilicals spanning more than 35 kilometres against rival

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Xu Yihe

    Petrobras takes delivery of FPSO replicants

    Units P-75 and P-67 arrive from China for installation at Buzios and Lula North

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Gareth Chetwynd

    End of the line for Ta Kuntah

    Pemex has launched a new process to sell off and decommission the Ta Kuntah floating storage unit, writes Kathrine Schmidt. The FSU is an asset that has wound down with the declining Cantarell field. The Ta Kuntah was Mexico’s first major offshore floater of its kind, and one of the first such ship-shape units in the Gulf of Mexico. The Mexican-flagged unit is a converted ultra-large crude carr

    Online  upstreamonline.com 16 Aug 22:00 GMT Kathrine Schmidt

    Ocean Rig eyes work for two stacked drillships

    Greek rig owner in talks for pair of units, with extension possible for third in sight, as market shows signs of rebound

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide

    Rowan secures deal with Cantium for jack-up EXL III

    Rig owner Rowan Companies has won a new contract from US independent Cantium that will see a jack-up re-join the oil company in the US Gulf of Mexico later this year. Private equity-backed Cantium has taken the LeTourneau 116-design Rowan EXL III for six months starting from early November. Cantium took the rig in mid-July for a firm two-well programme that was set to last around 28 days, with R

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide

    Tortured birth for Tortue

    The governments of Senegal and Mauritania have assured BP it should work towards a final investment decision before the end of the year to approve phase one of the giant Greater Tortue gas development straddling their unsettled maritime border, writes Barry Morgan. BP chief executive Bob Dudley told conference callers that the UK supermajor and partner Kosmos Energy would work towards such a deci

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Barry Morgan

    Sururu well is a success

    A well that Petrobras has drilled on the Sururu field has found the biggest column of hydrocarbons yet encountered in Brazil’s prolific pre-salt province. The well, concluded recently, traversed 530 metres of pre-salt pay on a carbonate reservoir, according to Petrobras. The company recently carried out an extended well test on the Sururu South-West area, gathering information to optimise the dra

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Gareth Chetwynd

    ConocoPhillips ends an era

    ConocoPhillips ceased gas production from the UK southern North Sea on Wednesday, bring down the curtain on 46 years of operations. The flow of gas from the onshore Theddlethorpe Gas Terminal (TGT) to the UK National Grid ceased at 5am on 15 August, a spokeswoman for the US operator confirmed. Compression stopped at the Loggs and Murdoch platforms at the same time. “Although ConocoPhillips pro

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Global Mediator

    Nigeria in gas drive

    The Nigerian National Petroleum Corporation (NNPC) aims within three years to begin constantly supplying five billion cubic feet of gas per day for the domestic power generation market. NNPC's upstream chief operating officer Bello Rabiu said this week that import substitution of up to $8 billion annually can be achieved as the country expands production of fertiliser, petrochemicals and methanol

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Barry Morgan

    Etinde blow for NewAge

    Privately-owned NewAge has struck out at an appraisal well on its Etinde block off Cameroon where it had been hoping to add 700 billion cubic feet of gas resources. According to partner Bowleven, the primary 410 sand package targeted by the IM-6 probe was found to be largely water saturated — despite indications of condensate and light oil — while the shallower 510 package was water bearing and t

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide

    Woodside no-go off Gabon

    Australian independent Woodside said that two recent ultra-deep water oil discoveries in the off Gabon play off West Africa are non-commercial. The Boudji-1 exploration well was drilled in late 2017 in the Likuale F14 block in 2800 metres of water. It hit a 90-metre gross oil and gas column in high-quality hydrocarbon-bearing pre-salt sands. It was followed in early 2018 by the Ivela-1 explorat

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Global Mediator

    CNOOC Ltd steps up plan for Perdido drilling drive

    Chinese operator in hunt for rig to drill two wells in Contractual Area 1 and one in Contractual Area 4

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Xu Yihe

    Total tees up Nasua-1 wildcat for early 2019

    If first well finds its target, four follow-ups could be drilled

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Iain Esau

    Flotel deal extended

    Brazil’s Petrobras has extended the contract for the flotel Aquarius Brasil by three months after the Sembawang-owned unit completed a five-year contract at the end of July. Petrobras has been delaying its reported plans to launch a tender for the charter of up to three flotels offering maintenance and accoomation services in the Campos and Santos basins. The state-controlled company currently h

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Gareth Chetwynd

    Drillship to stack at Acu

    Seadrill has reached an agreement to place the drillship West Carina in warm stacking at the Acu port and industrial terminal in Brazil. The West Carina recently concluded its three-year contract with a Petrobras-led consortium on the Mero project, but Seadrill is marketing the unit in an ongoing tender for ultra-deepwater rigs on the same project. International drilling companies rarely stack t

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Global Mediator

    Caspian Sea convention signed by leaders

    Presidents of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan agree on legal framework for resource-rich area

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Vladimir Afanasiev and Russell McCulley

    Caspian rich in oil and diplomacy

    The agreement signed by countries bordering the Caspian Sea over how to divide up energy resources was a positive show of co-operation. The event in the Kazakh city of Aktau was certainly a counterpoint to a war of words that has broken out between nearby Turkey and the US. Russia, Iran, Azerbaijan, Turkmenistan and Kazakhstan showed a willingness to share their inter-group disputes around a tab

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Editorial

    Bidding up at US Gulf lease sale

    Explorers pay $178 million as competition heats up, more than $50 million above bids in previous exercise

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Kathrine Schmidt

    COOEC changes Lingshui production semisub plan

    China's Offshore Oil Engineering Company (COOEC) has returned to its original plan to subcontract fabrication of the hull for the deep-water production semi-submersible it is set to provide for CNOOC Ltd's Lingshui 17-2 gas project in the South China Sea, writes Xu Yihe. COOEC has revised an earlier decision to build the hull at its Qingdao yard in Shandong province after finding it would be diff

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Xu Yihe

    CNOOC Ltd asks for new prices on Lingshui

    Contractors asked to submit fresh bids in subsea facilities contest

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Xu Yihe

    Poseidon contracts on offer

    Later this month, IGI-Poseidon will receive pre-qualification documents submitted by contractors to supply line pipe for its Poseidon project with €918 million ($1.04 billion) worth of orders on offer, writes Iain Esau. The onshore 48-inch section of the line will be 760 kilometres in length, while the Adriatic Sea section will be 224 kilometres long with a diameter of 36 inches. The project’s l

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Iain Esau

    Contractors given more time for EastMed bids

    New deadline of 27 August to file FEED offers for Israel-Europe pipeline

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Iain Esau

    Five LTA contractors competing for Saudi prizes

    Five leading engineering, procurement and construction players that are part of Saudi Aramco’s prestigious long term agreement (LTA) arrangements are competing for two additional projects for work on the Marjan incremental development that are together expected to be worth more than $2 billion. The most recent Marjan tender was floated last month, with bids likely to be submitted within days. Its

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Global Mediator

    Aramco on Marjan march

    Saudis in $7 billion-plus tender wave for incremental development project

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Nishant Ugal