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  • Oil settles higher on Middle East tensions

    But global and US benchmarks end week lower after earlier losses

    Online  upstreamonline.com 3 hours old Reuters

    OneSubsea lands Chevron master agreement

    Schlumberger company to offer catalog that includes 20,000 psi equipment, products

    Online  upstreamonline.com 8 hours old Kathrine Schmidt

    US oil drillers drop five rigs

    Texas loses rigs while New Mexico gains five units

    Online  upstreamonline.com 8 hours old Caroline Evans

    Apache exits Midcontinent

    US independent nets $612 million from sales to help pay off debt

    Online  upstreamonline.com 9 hours old Caroline Evans

    Minister criticises Ghana bid round design

    Minister of State for Petroleum suggests blocks should have been larger, provided more technical data

    Online  upstreamonline.com 9 hours old Barry Morgan

    Cyprus selects trio to complete for FSRU project

    Groups led by Chinese, Korean and Greek companies to battle it out for Cypriot LNG import contract

    Online  upstreamonline.com 11 hours old Iain Esau

    Edison eyes Ameeq wildcat off Egypt this year

    Italian player to drill probe on 2.8 Tcf prospect in North Thekah licence, acreage that has synergies with Edison's adjacent Royee block off Israel

    Online  upstreamonline.com 12 hours old Iain Esau

    Schlumberger posts rise in profits

    Stronger international demand offsets weakness in North America for services giant

    Online  upstreamonline.com 13 hours old Rob Watts and Reuters

    Novatek gets boost for Murmansk LNG plan

    Russian company's proposed terminal is added to government-approved list of major infrastructure projects by Prime Minister Dmitry Medvedev

    Online  upstreamonline.com 13 hours old Vladimir Afanasiev

    McDermott snares pre-FEED study for Argentina LNG scheme

    Operator YPF selects US contractor to proceed with early engineering work on 5 million tonne plant fed by shale gas

    Online  upstreamonline.com 13 hours old Iain Esau

    Letters go out to Nigerian flaredown suitors

    Letter went out to 205 applicants whose statements of qualification were deemed adequate for participation in the next stage

    Online  upstreamonline.com 14 hours old Barry Morgan

    Subsea 7 favourite to win Lapa PLSV race

    Norwegian player submits lowest bid for Total contract - but TechnipFMC may appeal

    Online  upstreamonline.com 15 hours old Fabio Palmigiani

    Icahn pushes ahead with Occidental battle

    Billion shareholder identifies four candidates - including former Shell executive - as potential new board members

    Online  upstreamonline.com 15 hours old Iain Esau

    'Sandscaping' work starts at Bacton terminal

    Dutch contractors begin offshore work on scheme to protect important UK terminal from storm surges

    Online  upstreamonline.com 16 hours old Iain Esau

    Amerisur set for sale talks following offer

    London-listed junior in formal review of strategic options, kicks off ‘formal process’

    Online  upstreamonline.com 16 hours old Anamaria Deduleasa

    Petro Matad spuds Mongolian well

    Second rig also being mobilised to drill another wildcat in Block XX

    Online  upstreamonline.com 19 hours old Josh Lewis

    Oil rises on Middle East tensions

    Prices regain ground but both benchmarks are still set to post a weekly loss

    Online  upstreamonline.com 19 hours old Reuters

    Laminaria-Corallina to remain offline

    Regulator orders production to remain shut-in until repairs are made to FPSO

    Online  upstreamonline.com 22 hours old Josh Lewis

    Venture Global raises $5.8bn for Calcasieu Pass

    Debt facility for project oversubscribed after high interest from global lenders

    Online  upstreamonline.com 18 Jul 23:40 GMT Kathrine Schmidt

    Pemex eyes rebooting Lakach as service contract

    Mexican state-led company includes deep-water gas field on list of fields to be developed by CSIEE deal

    Online  upstreamonline.com 18 Jul 23:06 GMT Kathrine Schmidt

    Oil falls about 2.5% as US Gulf production returns

    Almost 20% of oil and gas production remained offline in US Gulf

    Online  upstreamonline.com 18 Jul 22:27 GMT Reuters

    Benin is chosen for route

    China National Petroleum Corporation (CNPC) is poised to approve a 1800-kilometre pipeline to export crude oil from Niger via the Port of Seme in Benin, driving economic growth in both countries while galvanising upstream prospectivity in the Agadem basin, writes Barry Morgan. The CNPC feasibility study to route crude west to the Benin border and south to the Atlantic coast was submitted to the N

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Barry Morgan

    Guinea-Conakry set to offer acreage in November

    Guinea-Conakry aims to launch a major programme to promote offshore and onshore acreage to upstream suitors this November, with roadshows planned subsequently in Paris, London and Houston, according to the director general of the Energy Ministry’s National Petroleum Office (ONAP) Famourou Kourouma. Geoscientific review is currently under way by ONAP of 14 blocks for which data is being collected

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Barry Morgan

    Total to spin drillbit again in South Africa

    Total will start fresh drilling on the block off South Africa containing its breakthrough Brulpadda discovery early next year after nailing down a rig charter, writes Eoin O'Cinneide. The French supermajor has retaken the Odfjell Drilling-owned semi-submersible Deepsea Stavanger for the multi-well programme on Block 11B/12B in the Outeniqua basin. Oslo-listed Odfjell said the firm charter is wor

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide

    French giant exercises option for Pacific Santa Ana Mauritania job

    Wildcat: the Pacific Drilling drillship Pacific Santa Ana

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide and Barry Morgan

    US convinced Iran policy will bear fruit

    It would be an understatement to suggest that the current US sanctions regime is stifling the Iranian oil industry and the wider economy. The impact has deepened divisions within the clerical leadership over how to deal with the Trump administration in the dangerous game of political brinkmanship that threatens to plunge the vital Persian Gulf region into a full-blown war. The messages from Tehr

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Nassir Shirkhani

    Callon swoops to buy Carrizo

    Permian player in $3.2 billion move to combine acreage and benefit from improved economies of scale

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Julia Martinez and Eoin O'Cinneide

    Kvaerner profit on rise

    Norwegian contractor Kvaerner is aiming for full-year revenues upwards of $900 million after posting a rise in profit in the second quarter, writes Josh Lewis. The Oslo-listed player booked net profit of Nkr69 million ($8 million) for the three months to the end of June, up from the Nkr42 million posted in the comparable period a year earlier. Revenues rose to Nkr1.88 billion from Nkr1.83 billio

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Josh Lewis

    Oil steadies after taking hit from US-Iran fallout

    Prices retrieve some ground in week after jittery start, including from storm threat

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Nassir Shirkhani

    Providence farm-in cash delay

    Shares fluctuate after Apec misses $10 million payment deadline

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide

    Bulgaria pipeline ruling

    Bulgaria’s Supreme Administrative Court has delivered a quick decision on a last minute appeal of the country’s pipeline operator Bulgartransgaz that asked the court to reconsider an earlier ruling of the country’s market regulator, writes Vladimir Afanasiev. The court has upheld the end-of-June ruling of Bulgaria’s Commission for Protection of Competition to reinstate Saudi Arabia's Arkad Engine

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Vladimir Afanasiev

    Game-changing shift as gas comes to town

    Huge forthcoming investment in Mozambique’s Rovuma basin projects leads the way but there are opportunities for other countries and operators

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Barry Morgan

    ONGC floats tender for charter of three jack-ups

    Indian state player issues documents for units to be used off country's east and west coasts

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Nishant Ugal

    OSV sets sail on voyage of discovery

    A former US offshore supply vessel has found a new life as a luxury superyacht after a three-year conversion job in Florida. The unidentified owner of the vessel, now called Voyager, had purchased what was earlier this decade called HOS Trader from Hornbeck Offshore. The vessel had previously been named Candy Trader, but after three years of refitting work at Florida’s Dania Cut Super Yacht Repa

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide

    Australia lines up offshore blocks for 31 July bid offering

    The Australian government plans to launch its 2019 offering of offshore exploration blocks on 31 July 2019, writes Russell Searancke. Up for grabs will be a large number of permits numbering about 65. All but seven blocks are in waters off Western Australia and north-west Australia — the last seven are in the Otway and Gippsland basins off the state of Victoria. Six permits are in the border are

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Russell Searancke

    Job is done for Synergy

    Indonesian contractor Synergy Engineering said it has completed its workscope related to the Tembikai wellhead platform project in Malaysia. Synergy said it completed the front-end engineering and design study, and the detailed engineering support to the main contractor Malaysia Marine & Heavy Engineering. The platform has a topsides weighing 400 tonnes. It features six 36-inch conductors, and h

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Russell Searancke

    Sarawak contest for Mopu

    At least a dozen contractors are in the fray to supply a mobile offshore production unit for the next phase of national upstream company Petronas Carigali’s Bayan gas field development off Sarawak, East Malaysia, write Amanda Battersby and Nishant Ugal. Petronas Carigali is in the market for a leased Mopu with processing capacity of around 100 million cubic feet per day of gas, said sources. Con

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Amanda Battersby

    South Africa to keep on looking at shale

    South Africa’s government will continue to assess potential shale gas resources in its water-stressed Karoo region despite a Bloemfontein Appeals Court ruling early this month that petroleum and environmental regulations need to be revised before exploration wells can be drilled, writes Iain Esau. Minister of Mineral Resources & Energy, Gwede Mantashe, told parliament late last week that until ne

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Iain Esau

    Calls for end to oil link loans

    Congo-Brazzaville must be compelled to stop signing oil-backed loans and account for the billions of dollars it has already borrowed, according to Global Witness campaigner Natasha White, reacting to the bailout accord signed on 11 July with the International Monetary Fund (IMF), writes Barry Morgan. The IMF said it will begin disbursing another $448.6 million as part of a three-year arrangement

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Barry Morgan

    Hawrami steps out of KRG oil minister role but will still have a voice

    Long-serving and experienced energy head in Iraq region is removed by new prime minister but will become joint member of powerful sector council

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Nassir Shirkhani

    EU backs tranche of sanctions against Turkey as a penalty for drilling in disputed waters off Cyprus

    The European Union has endorsed an initial batch of sanctions against Turkey over its exploration drilling in disputed waters off member Cyprus, writes Nassir Shirkhani. The EU foreign ministers meeting in Brussels said in a statement that in light of Turkey’s “continued and new illegal drilling activities,’’ they were suspending talks on an air transport agreement and would call on the European

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Nassir Shirkhani

    PAE cleared to drill shallow-water Mexico probe

    Mexican regulators have cleared Pan American Energy to drill the Xaxamani-2EXP well on a shallow-water tract won during the country’s Round 3.1, writes Kathrine Schmidt. The company, known locally as Hokchi Energy, is targeting Lower Pliocene structures in two different intervals: between 751 and 784 metres below the drill floor, and also between 810 and 840 metres. The vertical well is to be dr

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Kathrine Schmidt

    Petronas wildcat spudded

    Petronas is drilling ahead at a highly anticipated wildcat in the deep waters of the Salina del Istmo basin off Mexico, writes Kathrine Schmidt. The Malaysian player confirmed to Upstream that the Yaxchilan Este-1EXP well began drilling operations on 21 June. "The Yaxchilan Este-1 located in Block 4 of deep-water Salina Basin, offshore Mexico is at a water depth of 1085 metres and the drilling c

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Kathrine Schmidt

    Total still evaluating results from Etzil-1EXP well in Perdido foldbelt

    Mexico regulators have divulged in a summary of exploratory activity that Total's initial Etzil-1 well in the deep waters off Mexico was dry, but that report characterised the probe as a stratigraphic well mainly aimed at collecting information and mapping the area's geological column, writes Kathrine Schmidt. The French major, which drilled the well in partnership with ExxonMobil in Area 2 in th

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Kathrine Schmidt

    Pemex pushes ahead with new strategy

    Business plan for 2019-2023 approved by state-run Mexican company's board but details remain unclear

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Kathrine Schmidt

    BHP spuds second appraisal well at Trion

    BHP has spudded its second operated appraisal well at the Trion field off Mexico in the deep-water Perdido fold-belt area. The Australian operator began drilling operations at the Trion 3-DEL well on 9 July with the drillship Deepwater Invictus, the company confirmed to Upstream. "This appraisal well is expected to provide further information regarding rock and fluid properties near the crest of

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Kathrine Schmidt

    Noga hit by safety notice

    Northern Oil & Gas Australia (Noga) has been forced to halt production from the Laminaria and Corallina oilfields off Western Australia following safety issues with the floating production, storage and offloading vessel, writes Josh Lewis. Australia’s National Offshore Petroleum Safety & Environmental Management Authority (Nopsema) issued a notice last week for non-compliances relating to corrosi

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Josh Lewis

    Canacol to drill at VIM 5

    Canadian independent Canacol Energy is planning to drill additional wells on its blocks in the Lower Magdalena Valley basin in Colombia after its work so far has paid off following testing. The second well on the 100% Canacol-owned VIM 5 block, the Ocarina 1 well, encountered a thick section of gas pay within the Cienaga de Oro (CDO) sandstone reservoir. Using the Pioneer 53 drilling rig, the

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Anamaria Deduleasa

    Petrobras poised to take geophysics bids

    Brazil's Petrobras is set to receive bids next week in a tender to contract high-resolution geophysics mapping services, writes Fabio Palmigiani. The contract on offer covers the acquisition and processing of data to be carried out in the Campos, Santos and Espirito Santo basins, with delivery of proposals scheduled for 23 July. Upstream understands that companies including Ocean Infinity, Petru

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Fabio Palmigiani

    Smaller countries can offer potential returns

    Getting off-grid ventures in gas-fuelled power into development in Africa means leveraging networks to sustain traction with government agencies and national utilities, persuading politicians to back incentives and convincing financiers that you have structures in place to ensure profitability, writes Barry Morgan. For countries located along the West African littoral, there is every incentive to

    Focus Editions  upstreamonline.com 18 Jul 22:00 GMT Barry Morgan

    Mauritania continues grappling with Banda commerciality

    Mauritania has for some years been trying to interest suitors in its Banda gas field, a 1 trillion cubic feet structure with proven recoverable reserves of 590 billion cubic feet, originally earmarked by Anglo-Irish explorer Tullow Oil as a two-well subsea tie-back direct to shore to feed a power station, writes Barry Morgan. Banda has passed through many hands since Woodside Petroleum’s discover

    Focus Editions  upstreamonline.com 18 Jul 22:00 GMT Barry Morgan

    Equinor's green for go on Gudrun phase two

    Norwegian player and partners sanction FID to extend field life beyond 2030

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide

    GeoPark books higher production in Llanos basin block

    Latin American player GeoPark saw production growth in Colombia in the second quarter of 2019, as the company continues having success in the Llanos basin. The company’s average net production in Colombia grew by 15% year-over-year to 32,191 barrels of oil equivalent per day in the second quarter as GeoPark carries on with exploration, appraisal and development drilling in the Llanos 34 block. Ge

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Julia Martinez

    New asset for Frontera

    Canada’s Frontera Energy has added another block in Colombia to its assets after placing a counter-offer on the tract in the country’s first oil and gas round in five years. The company confirmed that it was awarded the VIM-22 block in the Lower Magdalena Valley region. The block is adjacent to and on trend with the company’s Guama block, Frontera said. Frontera had placed a counteroffer on the

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Julia Martinez

    Chevron goes deep at Santos

    Supermajor plans to kick off Brazil exploration by drilling two pre-salt prospects early next decade

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Fabio Palmigiani

    Double delight as Aralyk and Chakar wells hit discoveries

    Uzbekistan’s state-owned oil and gas producer Uzbekneftegaz has reported new discoveries at two different regions of the country, writes Vladimir Afanasiev. According to Uzbekneftegaz statements, a first exploration well on the Aralyk structure penetrated a prolific gas reservoir at a depth of about 3900 metres. The company said that during the testing of this well, it flowed gas at the rate bet

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Vladimir Afanasiev

    Rosneft gains tax backing

    Igor Sechin, the influential executive board chairman of Russian state-controlled oil producer Rosneft, has obtained initial backing from President Vladimir Putin for his plan to secure massive tax concessions for four large greenfields in East Siberia, writes Vladimir Afanasiev. A copy of Sechin’s recent letter to Putin, obtained by Moscow business daily Vedomosti, requests authorities to remove

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Vladimir Afanasiev

    Liataarnet find adds to Noaka area resources

    Aker BP welcomes discovery as talks with Equinor continue over development plan

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide

    Appraisal drilling 'this year'

    Aker BP is set to start appraising its new Liataarnet discovery off Norway as soon as the fourth quarter, as the independent also brought forward drilling of two other wildcats into this year’s schedule, writes Eoin O'Cinneide. “The next well will be the Vaagar well in the Norwegian Sea, and then we will do Nipa, which is in the same area,” said chief executive Karl Johnny Hersvik. “So, we will

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide

    Midcontinent activity expected to drop in third quarter

    Operators working in the Midcontinent region of the US expect oil and gas activity to dip in the third quarter despite a slight expansion in the second quarter, according to a survey from the Federal Reserve Bank of Kansas City, writes Caroline Evans. A weak outlook for oil and natural gas prices drove the dismal forecast, Fed officials said. "Firms in our region expect oil prices to remain prof

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Caroline Evans

    Permian growth to slow

    Crude production growth in the prolific Permian basin of Texas and New Mexico is expected to slow next month, according to a report from the US Energy Information Administration (EIA), writes Caroline Evans. The agency forecasts Permian output will grow in August by 34,000 barrels per day of oil to 4.21 million bpd. Previously, the EIA expected production to grow by 55,000 bpd in July and 56,00

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Caroline Evans

    Chevron is warned over spill at Cymric oilfield

    California's Department of Conservation says supermajor has breached regulations after seeps at steam injection project

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Caroline Evans

    North Dakota reaches gas capture milestone

    State tops new high figure as it continues to wrestle with limited processing capacity and shortfall in infrastructure

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Julia Martinez

    Inpex gains approval for Abadi LNG plans

    Government approval means Inpex will move into FEED phase for Indonesian liquefaction project

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Amanda Battersby

    Big hitters in the mix for Papua LNG FEED work

    Up to five players to fight it out for Total-led onshore development in Papua New Guinea

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Russell Searancke

    KCA wins three rig deals

    UK-based rig owner KCA Deutag has been awarded a series of contracts covering onshore drilling work in Russia, together worth $168 million. The trio of deals, one of which is a contract extension, cover eight high-performance land rigs. The first deal sees an existing client take five rigs to drill on two fields in East Siberia for three or four years, the second sees two 1500-HP cluster slider

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide

    Oil theft 'costs billions'

    NIGERIA loses between $7 billion and $12 billion annually because of illegal bunkering, according to a study by the Nigeria Natural Resource Charter (NNRC). Recent figures show that $12.4 billion was lost in 2016 alone, more than 50% of the national budget for that year, according to NNRC consultant Niyi Awodeyi.

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Barry Morgan

    Woodside wins offshore block

    Woodside Petroleum has been awarded a large offshore exploration block off northern Australia close to the Barossa gas field. Block NT/P86 covers 8321 square kilometres in the Bonaparte basin, which has a reputation for delivering gas discoveries with high carbon dioxide content. Other nearby discoveries include Evans Shoal and Blackwood/Heron, while several hundred kilometres west is Woodside's

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Russell Searancke

    Gobe field exploration

    The operator of all of Papua New Guinea's oilfields is targeting a new structural type with an upcoming exploration well at the Gobe oilfield. Oil Search said it plans to drill the Gobe Footwall prospect in the fourth quarter this year. The well is understood to be targeting a large footwall structure that has the potential to open a new play.

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Russell Searancke

    InfraStrata in talks over English FSRU offtakers

    Five companies express interest in proposed Meridian project in the Irish Sea

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide

    Australia set to top LNG table

    Australia has seen its liquefied natural gas exports continue to rise but is still yet to topple Qatar as the world’s largest exporter of LNG according to EnergyQuest, writes Josh Lewis. The energy consultancy company estimates Australia exported 75.1 million tonnes of LNG in the 2019 financial year, which ended on 30 June. This was 21.2% higher than the 2018 financial year but still below Qatar’

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Josh Lewis

    Toyo award confirmed

    Tokyo-listed Toyo Engineering has confirmed the award of a key contract to build a new regasification plant in Gujarat, India. Toyo said the HPCL Shapoorji Energy-operated facility at Chhara will have a send-out capacity of 5 million tonnes per annum, expandable to 10 million tpa. The Japanese player will engineer, procure, construct and commission the regas plant, work that is set to be complet

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Iain Esau

    Going with the flow...

    Catherine MacGregor has joined TechnipFMC as president of new ventures ADM Energy has appointed Osamede Okhomina as its new chief executive, taking over from Stefan Olivier who remains on the board Bob Drummond and Alastair Stobie have joined the board of Oil & Gas UK Mike Wells has been named director of UK operations at Angus Energy Jim O’Neil has joined the b

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide

    Subsea surprise for ExxonMobil off Guyana

    Inquisitive mollusc gets hands-on with Stena rig on Stabroek block

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide

    Industry execs tour Senegal UNESCO site

    A delegation of oil executives from the Africa Energy Chamber took time off in the Senegal capital Dakar last weekend to tour the famous heritage site of Goree, a huge slave holding facility built in the 16th Century and active until France abolished slavery in 1848. Placed on the World Heritage list by the United Nations Education, Science & Culture Organisation (UNESCO) in 1978, Goree serves to

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Barry Morgan

    High life on the high seas

    French offshore vessel owner Bourbon Offshore has teamed up with compatriot car manufacturer Peugeot on the interior design of new crew boats, offering comfy business class seats. Offshore Bourbon Mobility, which “proposes services inspired by the aviation industry” to clients, has enlisted the expertise of Peugeot Design Lab, with future crew boats to offer three levels of seating: business, pre

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide

    Starting gun fired in chase for major 3D seismic contract

    India’s state-controlled Oil & Natural Gas Corporation (ONGC) has initiated the chase for a substantial 3D broadband seismic data acquisition tender involving multiple offshore fields off the country’s western coast, writes Nishant Ugal. Project observers said ONGC is seeking technical and commercial offers from leading international seismic contractors for the 3D broadband job, which is touted t

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Nishant Ugal

    COSL picking up rigs

    China Oilfield Service Ltd (COSL), the country’s top offshore drilling contractor, continues to boost its drilling capacity by leasing rigs that have been abandoned by foreign owners at Chinese yards, writes Xu Yihe. The company last week chartered a new jack-up from China Merchant Heavy Industry (CMHI) for a drilling campaign in Bohai Bay off northern China. The latest charter is part of COSL’s

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Xu Yihe

    Bids chase begins for ACG stakes

    US supermajors ExxonMobil and Chevron likely to offload interests in oilfield complex off the coast of Azerbaijan

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Upstream staff

    Profit up for Aker Solutions

    Norwegian contractor Aker Solutions reported higher revenues and operating profit for the second quarter amid increased market activity, writes Beate Schjolberg. The company’s revenues rose 20% to Nkr7.5 billion ($874 million) while earnings before interest, taxes, depreciation and amortisation jumped 42% to Nkr623 million. The upswing in Ebitda and a corresponding increase in the Ebitda margin

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Beate Schjølberg

    Benefits in the wind by curbing gas flaring

    The Nigerian Gas Flare Commercialisation Programme (NGFCP) aims to realise inward investment of $3.5 billion by encouraging industry players to tap 178 flare sites, adding some $1 billion to gross domestic product while unlocking an additional three liquefied natural gas trains and 3000 megawatts to the national grid, writes Barry Morgan. Programme manager Justice Derefaka, a marine engineer and

    Focus Editions  upstreamonline.com 18 Jul 22:00 GMT Barry Morgan

    Calls for political action to help producers tackle Nigeria’s shortfall

    Nigeria’s gas producers say they have the means to address the nation’s chronic power shortages but their efforts will remain hampered without decisive political action, writes Barry Morgan. Nigerian independent Seplat Petroleum is talking to private-sector investors interested in extending the West African Gas Pipeline all the way to Senegal, a proposal the company sees as a better solution than

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Global Mediator

    Uzbekistan to auction rights to revamp fields

    Risk service contracts part of country's reforms of state-run player Uzbekneftegaz

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Vladimir Afanasiev

    Liuhua contract awarded

    Houston-based Oceaneering has been awarded a contract by Chinese offshore operator CNOOC Ltd to provide umbilicals and flexible pipelines for the Liuhua oil development in the Pearl River Mouth basin of the South China Sea, writes Xu Yihe. Oceaneering emerged as the preferred bidder against UK-based cables supplier JDR and TechnipFMC, even though it offered a price higher than JDR. The workscope

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Xu Yihe

    China's E&P investment increase boosts reserves

    Oil and gas stocks both rise - but oil production continues downwards

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Xu Yihe

    Five pitch for Israeli acreage

    Three UK-based independents and pair of Israeli juniors submit offers in second licensing round

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Amanda Battersby and Iain Esau

    Budget-busting bids send ExxonMobil back to market for revised Rovuma LNG offers

    ExxonMobil asks rival players for new commercial offers after initial bids break budget

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Iain Esau

    Hibiscus moves on Marigold

    Malaysian player awards pre-FEED to UK's Genesis as field development moves forward

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Rob Watts and Russell Searancke

    Diversity towards financing can unlock the vault

    Challenges over funding have dogged smaller gas players but ‘hybrid’ methods can open doors

    Focus Editions  upstreamonline.com 18 Jul 22:00 GMT Barry Morgan

    Noaka debate heats up

    Norway finally saw a decent exploration success last week after a year of slim pickings, as Aker BP found oil at the Liataarnet prospect in the prolific and contentious North of Alvheim Krafla-Askja area of the North Sea, writes Beate Schjolberg. The discovery is likely to push the total volumes in the so-called Noaka area towards 700 million barrels of oil equivalent from the current estimate of

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Beate Schjølberg

    New government creates sector uncertainty as it signals intention to review recent gas agreement

    The new Papua New Guinea government has potentially put a spanner in the works of the country’s planned multi-billion-dollar liquefied natural gas expansion, writes Russell Searancke. The new government wants to review the Papua LNG Gas Agreement, which was finalised in early April 2019 by the Total-led Papua LNG project owners and the PNG government and dictates the investment terms for the proj

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Russell Searancke

    Three in battle for Oman job

    Total has set up a front-end engineering and design competition between three parties for a proposed liquefied natural gas bunkering project in Oman, writes Eoin O’Cinneide. The French major, along with local player Oman Oil Company, awarded FEED contracts to McDermott, JGC Corporation and one other party covering the design for the mid-scale onshore facilities at the port of Sohar. McDermott sa

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Eoin O'Cinneide

    ExxonMobil going up a gear in Permian

    US supermajor ExxonMobil submitted more drilling permit applications in Texas in the first half of 2019 than any other operator as it plans to aggressively ramp up operations in the prolific Permian basin, writes Caroline Evans. ExxonMobil shale subsidiary XTO submitted 431 applications for drilling permits to the Texas Railroad Commission in the first half of this year, 369 of which were for wel

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Caroline Evans

    Argentina shale key for LNG

    Future growth in Argentina’s liquefied natural gas exports will depend on more investments in onshore liquefaction facilities and pipeline infrastructure, or in more floating liquefaction units, according to a new report by the US Energy Information Administration (EIA), writes Julia Martinez. The country’s first LNG cargo was shipped on 6 June from the Tango FLNG unit, which has production capac

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Julia Martinez

    Texas at centre of rigs drop in Permian and Eagle Ford

    Texas drillers took a hit this week, idling rigs in both the Permian basin and the Eagle Ford shale plays. In the Texas Permian, the rig count dropped by six to 337, according to data from oilfield services firm Baker Hughes. By comparison, there were 380 rigs working on the Texas side of the Permian in the same period one year ago. Things were steadier in New Mexico, which is home to the weste

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Caroline Evans

    Pennsylvania reports gas output record from Marcellus

    The US state of Pennsylvania produced a record 6.1 trillion cubic feet of natural gas from unconventional wells in 2018 as output from the Marcellus shale play surged. That is an 800 billion cubic feet increase over 2017 and represents the largest volume of natural gas produced in Pennsylvania in a single year, according to a report from the state’s Department of Environmental Protection (DEP).

    Weekly  upstreamonline.com 18 Jul 22:00 GMT Caroline Evans

    Operators resume production in US Gulf

    Almost 20% of oil and gas output still offline as of Thursday, BSEE said

    Online  upstreamonline.com 18 Jul 21:26 GMT Julia Martinez

    Pemex cleared for Mulach plan

    Plan aims to develop about 30.33 million barrels of oil and 11.88 mmmcfd of natural gas

    Online  upstreamonline.com 18 Jul 21:15 GMT Kathrine Schmidt

    Orsted, Equinor picked for NY wind farms

    European pair chosen as preferred bidders for major offshore wind projects off New York

    Online  upstreamonline.com 18 Jul 20:49 GMT Kathrine Schmidt

    Output halted at Hibernia platform after oil spill

    Spill thought to be caused during routine activities

    Online  upstreamonline.com 18 Jul 20:04 GMT Julia Martinez