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  • Oil ends week higher on Mideast supply worries

    Market waiting on whether Opec will continue with supply cuts

    Online  upstreamonline.com 17 May 22:18 GMT Reuters

    Drillers shed oil rigs for second week

    Ohio leads rig gains with additional four units

    Online  upstreamonline.com 17 May 18:24 GMT Julia Martinez

    Pipeline repairs shut in North Sea fields

    Repsol Sinopec Resources UK working to remedy issue on Claymore export line to Flotta terminal

    Online  upstreamonline.com 17 May 15:30 GMT Rob Watts

    Perdana vessels win

    Contractor to supply units for Petronas

    Online  upstreamonline.com 17 May 15:23 GMT Amanda Battersby

    Oil at $73 on real and threatened supply cuts

    Oil edged higher to $73 a barrel on Friday, supported by a host of supply cuts and concern of further disruption to Middle East shipments as tensions rise, and was heading for a weekly gain. US sanctions on Iran have cut the Opec member's crude exports further in May, adding to supply curbs resulting from an Opec-led pact. Meanwhile, rising tension in the Middle East this week has raised concern

    Online  upstreamonline.com 17 May 13:41 GMT Reuters

    Siccar Point spuds Lyon well

    Ocean GreatWhite semisub begins drilling on wildcat north of the Shetlands

    Online  upstreamonline.com 17 May 13:37 GMT Rob Watts

    ONE-Dyas readies drillbit at Darach

    Ensco 121 jack-up ‘on location’ at high-impact UK southern North Sea prospect

    Online  upstreamonline.com 17 May 13:27 GMT Rob Watts

    Obsidian in $72m Alberta asset sale

    Canadian player sheds majority interest in Peace River asset, with more divestments promised

    Online  upstreamonline.com 17 May 13:23 GMT Eoin O'Cinneide

    Kidnappers strike again in Niger Delta oil patch

    Employees of CNPC outfit BGP as well as IDSL taken from Belema Oil-operated site

    Online  upstreamonline.com 17 May 11:34 GMT Barry Morgan

    Cairn farms into Equinor acreage off Nicaragua

    London-listed player eyes a wildcat potentially next year following deal covering four exploration blocks

    Online  upstreamonline.com 17 May 10:16 GMT Iain Esau

    More drilling planned at Horse Hill in UK

    Operator UK Oil & Gas says Portland oil production now exceeds 20,500 barrels

    Online  upstreamonline.com 17 May 08:06 GMT Anamaria Deduleasa

    Oil steady as Middle East tensions mounts, set for weekly gains

    Earlier this week, staff were evacuated from the US embassy in Baghdad

    Online  upstreamonline.com 17 May 07:36 GMT Reuters

    FREE

    Welch out as SDX chief exec

    Boss of North Africa-focused junior resigns

    Online  upstreamonline.com 17 May 06:56 GMT Eoin O'Cinneide

    Shell gets Bratwurst nod

    Regulator approves environmental plan for exploration well near Prelude

    Online  upstreamonline.com 17 May 05:52 GMT Josh Lewis

    Jingemina shut in for workovers

    New pumps to be installed on two wells with more workovers planned

    Online  upstreamonline.com 17 May 05:19 GMT Josh Lewis

    US-China dispute affecting Magnolia talks

    Project owner says deals being put on hold until trade war is settled

    Online  upstreamonline.com 17 May 00:59 GMT Josh Lewis

    EnscoRowan awarded $180m by arbitration court

    Dispute relates to cancellation of contract of Ensco drillship DS-5

    Online  upstreamonline.com 16 May 23:14 GMT Kathrine Schmidt

    Tatneft in Uzbek focus

    Russian player to explore three Uzbekistan blocks

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Anadarko poised for FID on Mozambique LNG

    Two-train scheme set to be sanctioned on 18 June

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

    Call to review Ghana deals

    Ghana should review and possibly revoke 12 petroleum agreements for inadequate compliance with their obligations, according to an Accra-based watchdog. Benjamin Boakye, director of the Africa Centre for Energy Policy, claimed that of 15 active licences only those held by Tullow Oil, Eni and Aker Energy have been fully compliant with their terms and conditions. He said the operators of the other

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    QP hands out jack-up deal

    Qatar Petroleum (QP) has handed Northern Offshore long-term charters for two jack-up drilling rigs to work on its giant North Field Expansion project off Qatar. The state giant has signed firm contracts for the Energy Enticer and Energy Edge, which are currently under construction at China’s Shanghai Waigaoqiao Shipyard. QP will take the rigs on four-year firm contracts, plus options, with the E

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    High costs hinder China's shale gas drive

    Deep reservoirs and difficult geology hit efforts to meet 2020 output target of 17 Bcm

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

    Altamira yard facility set to offer opportunity in Mexico and beyond

    McDermott chief executive David Dickson sees opportunity for the company’s yard in Altamira, Mexico to build modules for floating production, storage and offloading units in addition to its more typical workload related to platforms and associated facilities, writes Kathrine Schmidt. Dickson, who spoke to Upstream on the sidelines of the Offshore Technology Conference in Houston last week, stoppe

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Bid round for Lamu basin play

    Kenya is evaluating initial responses from seismic contractors keen to carry out a 3D survey in the country’s offshore waters as it prepares for a potential licensing round in 2021, writes Iain Esau. Andrew Kamau, Principal Secretary at the Department of Petroleum (DoP) told the East African Petroleum Exhibition & Conference that “we are in the process of securing a company to acquire multi-clien

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Timing tight for Brazil in Santos basin rights sale

    Authorities to offer Transfer of Rights acreage in October, with Buzios, Sepia, Atapu and Itapu fields on the menu

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

    DS-9 arrives for Lapa drill drive

    EnscoRowan drillship at Guanabara Bay as it prepares for four-well programme for France's Total

    Weekly  upstreamonline.com 16 May 22:00 GMT Fabio Palmigiani

    Prysmian Group wins deal for Total pre-salt project

    Prysmian Group has won a contract from France's Total to supply 19 kilometres of thermoplastic umbilicals for the Lapa development in Brazil’s Santos basin. The umbilicals will be supplied from Prysmian’s plant at Vila Velha, according to Jeferson Werlich, the company’s global sales manager for subsea contracts. Delivery is set for August, with an option for logistics to be carried out through t

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Kenya Oil Project may need up to 700 wells

    Oil production from the foundation stage of Tullow Oil’s Kenya Oil Project (KOP) is expected to be about 65,000 barrels per day, writes Iain Esau. Tullow developments director Madhan Srinivasan said this stage aims to exploit about 210 million barrels of oil via some 300 development wells drilled on three fields — 210 on Ngamia, 70 on Amosing and 14 at Twiga. “It’s a very well-intensive process,

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Lokichar oil export target

    Tullow Oil’s early oil pilot scheme (EOPS) is close to achieving a major milestone that could result in a parcel of Kenya's South Lokichar basin crude being exported within weeks, writes Iain Esau. The EOPS involves oil derived from well testing and stored in the South Lokichar project area being trucked 1100 kilometres to Mombasa for eventual export. East Africa projects face schedule challenge

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Cash set to drive Brazilian reform

    The Brazilian government is depending on a big payout from the sale of surplus Transfer of Rights acreage to help win approval for key economic reforms, especially a flagship overhaul of a public pensions system that is on the verge of collapse, writes Gareth Chetwynd. To get this unpopular reform through congress, Economy Minister Paulo Guedes has signalled that the administration intends to sha

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Brazilian government gives guidance for bidders

    The Brazilian government has provided potential participants in its planned auction of “surplus” production rights with guidance on how winning bidders will be expected to calculate compensation for investments that state-controlled Petrobras has already sunk into oilfield developments in the Transfer of Rights area, writes Gareth Chetwynd. The winning companies will be required to sign participa

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Eni in the hunt for Niger Delta rig

    Eni is in the market for a rig to drill a high-pressure, high-temperature probe in the Niger Delta. The Italian player is looking to charter a 2000-horsepower swamp rig able to handle pressures of up to 10,000 pounds per square inch. According to prequalification documentation, the rig is required to start work next month under a one-year firm contract, which has a one-year extension option. Th

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    GNGC to construct pipeline

    State-owned Ghana National Gas Company (GNGC) has plans to lay a 50-kilometre gas export pipeline from the Atuabo gas plant to the Ivory Coast land border to supply up to 100 million cubic feet per day of gas, writes Barry Morgan. Ghana’s Minister for Energy & Petroleum John Peter Amewu said last week that a commercial delegation will shortly visit the Ivorian commercial capital Abidjan to discus

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Changes for Wentworth

    Wentworth Resources has been given approval to relinquish its Tembo block in Mozambique’s Rovuma basin and will formally exit all liabilities by 15 June. However, the London-listed player will remain a partner in the Maurel & Prom-operated Mnazi Bay asset in Tanzania, where it hopes to see output grow. The Mnazi Bay partners “have line of sight to increasing demand in 2019 and beyond with agree

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Colombia reserves warning

    Colombian Energy Minister Maria Fernanda Suarez has warned that the nation needs to discover more natural gas by 2023 if it is going to avoid having to become an importer of the fuel, writes Julia Martinez. A new ministry report detailed the country’s resources, noting a rise in crude reserves but a drop in natural gas reserves. The country in February launched its first onshore and offshore bi

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Occidental moves ahead with Anadarko takeover

    Houston-based independent formalises acquisition of compatriot company after Chevron backs out of the race

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

    Integrated subsea contest for Carcara

    Equinor intends to select the concept model for the subsea layout of the Carcara pre-salt development off Brazil by the end of the year, writes Fabio Palmigiani. TechnipFMC and a pairing of Subsea 7 and Schlumberger-owned OneSubsea are currently working on pre-front-end engineering and design studies for the Carcara project. Equinor sets stage for Carcara floater FEED battle Equinor plans to

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    All go for Johan Sverdrup 2

    Norwegian authorities have approved the $4.7 billion second phase of the giant Johan Sverdrup oilfield development in the North Sea, operated by state-controlled player Equinor, writes Beate Schjolberg. Phase two is due on stream in late 2022, about three years after the $9.8 billion phase one, which is on track to start production in November this year. Equinor received the formal go-ahead fro

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Spotlight is on Pao de Acucar

    Equinor assessing options for complex pre-salt field

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Changes on Cameroon local content

    Implementation of Cameroon’s 2019 Petroleum Code may have to follow specific percentages imposed on local content, despite last month’s enactment allowing for the proportion of indigenous participation to be subject to negotiation, writes Barry Morgan. The law has just been signed by President Paul Biya and officially promulgated with state oil company SNH, charged to promote the new dispensation

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    East Africa projects face schedule challenges

    South Lokichar in Kenya and Tilenga-Kingfisher in Uganda both aiming for first oil in 2022, but some in the industry warn of potential hurdles

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

    ExxonMobil fires up rig race for Brazil drill spree

    US supermajor looks to charter high-spec unit for exploration work to start in late 2020

    Weekly  upstreamonline.com 16 May 22:00 GMT Fabio Palmigiani

    Rovuma partners eye project FID date

    Kogas states sanction decision for $30 billion LNG scheme will be taken within two months

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

    Seismic points to new well

    Somaliland is gearing up to drill its first exploration well after many fallow years, with the spud location likely defined by results of freshly-acquired seismic shot by Chinese contractor BGP. China National Petroleum Corporation (CNPC) subsidiary BGP has completed a speculative 700-kilometre 2D seismic survey over the Sool and Sanaag districts. The data “is currently being processed and inter

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Eni looks at CTP-Block 4 options after Ghana find

    Akoma-1X exploration well hits gas and condensate north-west of Italian player's Sankofa hub

    Weekly  upstreamonline.com 16 May 22:00 GMT Anamaria Deduleasa and Eoin O'Cinneide

    Aker BP well is a duster

    Anglo-Norwegian independent Aker BP has come up dry at its wildcat on the JK prospect in production licence 916 in Norway’s central North Sea. The well, drilled with the semi-submersible Deepsea Stavanger, encountered good-quality reservoir rock in the primary target of the Statfjord horizon. However, it did not encounter the secondary target in the Heimdal formation and was declared dry. The we

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    KBR lands Freeport Train 4 work

    US contractor KBR has been selected as the preferred bidder for engineering, procurement, construction and commissioning work on Train 4 at Freeport LNG’s export terminal in Texas. As part of the agreement, KBR said it will provide EPC and start-up of a fourth nominal 5 million tonnes per annum liquefaction train, and an associated gas pre-treatment plant under the fixed-price contract. The comp

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Eni in the mood for FEED at Evans Shoal off Northern Australia

    Italy's Eni is about to begin the front-end engineering and design phase of its Evans Shoal gas project off Northern Australia where it wants to supply backfill gas to the Darwin liquefied natural gas plant, writes Russell Searancke. The Italian operator plans to start the FEED work next month, said well-placed sources, and is also seeking expressions of interest from contractors related to a flo

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Equinor and Shell look to go it alone

    Operators in talks with officials over separate LNG facilities but jointly owned complex still possible

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

    Energean drilling deferred

    Greek independent Energean Oil & Gas has deferred a drilling programme at its domestic development in the Prinos basin after experiencing delays at drilling on a nearby tract, writes Eoin O'Cinneide. The London-listed company has pushed the drilling of two production wells in the Prinos area from the second half of this year into 2020. As a result, the group's full-year production forecast has b

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    BSOG hands out Midia gas pipeline work to Corinth

    Black Sea Oil & Gas (BSOG) has awarded a contract for pipeline work for the Midia gas development project off Romania to Corinth Pipeworks (CPW), writes Anamaria Deduleasa. CPW will manufacture the required eight-inch steel pipes for the infield line and 16-inch steel pipes for the offshore gas transport pipeline at its factory in Greece. Installation work will start according to schedule in 202

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Talon gets UK licences

    Australia-listed Talon Petroleum has taken a 100% stake in two UK North Sea exploration licences after completing its all-shares acquisition of EnCounter Oil. P2363 holds the Skymoos prospect that is estimated to hold 107 million barrels of oil in prospective resources, while the Rocket prospect in P2392 is estimated to hold 27 million barrels of oil. Talon has licensed additional 3D seismic dat

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Mechanical difficulties force GulfSlope to halt Tau drilling

    GulfSlope Energy is temporarily abandoning an exploration well targeting the Tau prospect in the Gulf of Mexico, citing mechanical difficulties that prevented the well from reaching its intended depth, writes Kathrine Schmidt. However, the US independent said it remains confident in the potential of the subsalt objective and will set up the shallow-water well to allow for re-entry. The operator

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Equinor boosts its stake in Caesar-Tonga field

    Norwegian player to take on Shell's interest in US Gulf Green Canyon asset in $965 million deal

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

    No bids for Sable blocks

    The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) did not receive any bids for two shallow-water blocks offered on the Sable sub-basin off the country’s east coast. The call for bids NS18-3, which was made on 10 December by the joint agency between the governments of Canada and Nova Scotia, offered two industry-nominated blocks located on the Scotian shelf, close to existing discoveries.

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Drillers upbeat on outlook

    Business is looking up for contractors - but equity markets are slow on the uptake

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

    Shell commits to three projects in drive to boost output

    Shell is aiming to boost its Nigerian gas production capacity, committing to three of the Seven Critical Gas Development Projects (7CGDP) prioritised by the government, according to the Anglo-Dutch supermajor's country chair, Osagie Okunbor. Addressing investors, Okunbor said the Assa North & Ohaji South field in Imo State, operated by Shell alongside Total, Agip and Seplat Petroleum, will supply

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Yamal boost for Novatek

    Russia's Novatek has been given a boost to its liquefied natural gas development plans after state-controlled Gazprom said it would not compete with it for LNG production on the Yamal and Gydan peninsulas. Gazprom deputy executive chairman Oleg Aksyutin said the gas monopoly has no mid- to long-term plans to build an LNG plant in the remote northern Russian area. Aksyutin said a group of three T

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Cameron LNG set to export

    Exports from Sempra Energy’s Cameron liquefied natural gas development in Louisiana, US, are expected to begin in the coming months after the start-up of the US project’s first liquefaction train. LNG production started this week, after feed gas recently started flowing into the first train at the $10 billion facility, marking the final commissioning phase for the unit. The project has a slated

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Petrobras awards Sepia job

    McDermott wins EPCI contract for Brazilian field

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    10 blocks on offer in third Chinese CBM bid round

    China has launched a third round of coalbed methane licensing, seeking more investors to participate in exploration and development by lowering the qualification threshold, writes Xu Yihe. On offer are 10 blocks in Shanxi province, mostly in the east and south-west of the province, covering 2524 square kilometres. To encourage more investors, the government has lowered the minimum net assets tha

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Output boost for YPF shale

    Argentine operator YPF saw net hydrocarbons production from shale grow by 45% from a year ago to a total of 71,100 barrels of oil equivalent per day in the first quarter as it continued to tie in new wells, writes Kathrine Schmidt. The state-led company said output consisted of 30,500 barrels per day of crude, 6100 bpd of natural gas liquids and 5.5 million cubic metres per day of natural gas. A

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    TechnipFMC wins Barossa prize

    TechnipFMC is the recipient of the first major turnkey contract for the US$4 billion to US$4.8 billion Barossa gas project in Australia, which aims to provide backfill gas to the Darwin liquefied natural gas facility, writes Russell Seareancke. TechnipFMC was selected to supply the subsea production system on an engineering, procurement and construction basis. The contract includes the engineeri

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Sri Lanka FSRU bids delayed

    The Sri Lankan government has again pushed back the deadline for submitting bids to supply the country’s first liquefied natural gas floating storage and regasification unit, writes Amanda Battersby. The Ministry of Power, Energy & Business Development has set a new date of 23 May for counter-proposals under the Swiss Challenge procedure for the FSRU, related pipeline infrastructure and to supply

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Pemex reveals package of financial support measures

    Restructured $8 billion loan and fiscal adjustments aim to ease heavy tax burden

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

    OPINION: Chinese yards shrug off US-China tariff spat

    OPINION: Chinese yard managers are shrugging off the potential impact of US President Donald Trump's decision to increase duties to 25% from 10% on $200 billion of Chinese products, even though it could hit some business opportunities relating to offshore production units. The list for additional US tariffs includes floating structures and offshore drilling rigs. Industry sources said the issue

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

    Climate change concerns behind rise in UK fracking opposition

    The latest public attitudes tracker from the UK’s Department for Business, Energy & Industrial Strategy (BEIS) has suggested that anti-fracking sentiment is on the rise, reflecting increased concerns about climate change, writes Anamaria Deduleasa. The monthly survey showed that 78% of the public were aware of hydraulic fracturing, a stable proportion over the last five years. However, while 4

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Profits cheer for US onshore producers

    US onshore oil producers have reported that 2018 was their most profitable year since before the oil price collapse, writes Julia Martinez. An Energy Information Administration (EIA) survey of 43 companies primarily operating in the Lower 48 onshore basins showed higher returns on equity in the fourth quarter of 2018 due to lower costs to produce a barrel of oil equivalent and increased output le

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    IGas eyes key results for English drilling

    UK explorer IGas Energy has been making progress at its shale gas exploration projects at Tinker Lane and Springs Road in northern England, where key results are due next month, writes Anamaria Deduleasa. Earlier this year, IGas hit shale gas pay with its SR-01 well at Springs Road, the second in a three-well exploration drilling programme at the company's sites. The well, which had targeted the

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Okea sets sights on full Oslo listing with IPO

    Norwegian independent aims to raise over $100 million to help push ambitions

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

    Reis keeping QGI on track

    Brazilian shipyard's general director tackles project deadlines and local content rules

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

    Chevron drill plan approved

    Spotlight on acreage in Salina del Istmo basin

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    One killed in Saipem pipelay vessel blast

    More than 12 injured after explosion and fire on barge in Caspian Sea

    Weekly  upstreamonline.com 16 May 22:00 GMT Kama Mustafayeva and Eoin O'Cinneide

    Equinor hands out contracts

    Drilling services contracts worth a total of Nkr2.5 billion ($286.5 million) have been handed out by Equinor to as many as 11 contractors for work on the Norwegian continental shelf. The deals covering liner hangers, additional completion and downhole monitoring are for a fixed three-year term with five extension options of two years each. Heavyweights Schlumberger, GE-owned Baker Hughes, Hall

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Fogelberg field plan delay

    Spirit Energy is set to delay submission of a development plan for the Fogelberg field off Norway by at least six months as reservoir issues have put a dampener on the project. The operator has submitted a request to the Petroleum & Energy Ministry for an interim extension of the submission deadline to the end of this year as it re-evaluates the viability of the scheme after disappointing appra

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Bristow files for Chapter 11

    Bristow Group is hoping to emerge as a stronger company after filing for Chapter 11 bankruptcy protection in the US. The Houston-based helicopter company made the filing, which covers eight group entities, in the US Bankruptcy Court in the Southern District of Texas. The entities concerned are Bristow Group Inc, BHNA Holdings Inc, Bristow Alaska Inc, Bristow Helicopters Inc, Bristow US Leasing L

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Going with the flow...

    Occidental Petroleum has nominated senior vice president of business support Glenn Vangolen to lead an integration team for the acquisition of Anadarko Petroleum Roy Franklin has been named as the retiring Ian Marchant’s replacement as chairman at Wood Lars-Tore Berg has been appointed to the newly-created position of chief technology officer at Fishbones Theo Priestley has been named chief mar

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Eni signs Pavia Uni co-op deal

    Italy's Eni has once again teamed up with a local university to target the strategic areas of operational efficiency, decarbonisation and the circular economy. The three-year frame agreement with the University of Pavia, which also includes a one-year extension option, will see the pair collaborate in developing a technological portfolio of innovation projects through knowledge sharing. The agre

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Cuoco joins race for clean energy

    Big Bang Theory star teams up with Shell for new show The Great Travel Hack

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Eni into final phase at Kekra

    Exploration results could be known within weeks

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

    Kipchoge set for Ineos marathon challenge

    Shale and chemicals giant Ineos is scouting out options that offer “a flat looped circuit” for its sponsored attempt by Kenyan running legend Eliud Kipchoge to run the marathon in under two hours. Kipchoge, who is the world record holder over the distance and has just added another London Marathon win to his near-unblemished list of victories, recently accepted to take on the Ineos 1:59 Challenge

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Incidents continue to take toll on Nigeria output

    Pipeline vandalism and unabated illegal bunkering in Nigeria continues to afflict majors and independent producers in the Niger Delta, with Shell alone reporting 39 incidents between January and April this year, writes Barry Morgan. Some 90% of spillages at onshore assets operated by Shell were caused by “third-party interference”, according to briefing notes release by the supermajor this week.

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Australia set to go to polls

    Australia will hold its federal election this weekend with opinion polls showing Bill Shorten's Labor Party slightly ahead of the sitting Liberal-National coalition led by Prime Minister Scott Morrison, writes Josh Lewis. Climate change has played a key role in the election campaign, with Labor pledging to reduce carbon emissions by 45%, based on 2005 levels, by 2030, with net-zero pollution by

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Brazil moving towards gas sector reform

    Brazil’s government has started the legislative process that is intended to lead to a new competition-driven regulatory framework for the country’s natural gas sector, writes Gareth Chetwynd. The policy committee of Brazil’s Mines & Energy Ministry has convened an initial public hearing on the proposed gas bill for 22 May, and the federal government is expected to unveil its grand plan for the se

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    More submissions before court in Guyana no-confidence vote case

    The Caribbean Court of Justice (CCJ) was receiving additional submissions this week in a case which will define the validity of a no-confidence vote held in Guyana in December, but the court has not yet indicated when judgement will be given, writes Gareth Chetwynd. The CCJ, a supranational court which serves as the highest court of appeal for several Caribbean Community nations, held a two-day h

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    EQT and Rice brothers set for crunch meeting

    US shale giant nominates new directors and issues scathing letter to opponent as shareholder meeting nears

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

    Schlumberger in non-core assets sale deal with Wellbore

    Oilfield services giant Schlumberger has sold off a clutch of non-core drilling assets to a private equity-backed player in a deal worth around $400 million, writes Eoin O'Cinneide. Wellbore Integrity Services (WIS), an affiliate of New York-based Rhone Capital, is acquiring Drilco, Thomas Tools and Fishing & Remedial Services. WIS will also acquire part of a manufacturing facility in Houston. B

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Services giant eyes Chapter 11

    Weatherford plans bankrupcty filing

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Medco moves on Ophir

    Indonesian independent Medco is set to complete its takeover of London-listed Ophir Energy later this month after securing a key approval from Tanzanian authorities. Medco recently raised its offer for the UK company to £408.4 million ($539.7 million) following interest from rival Coro Energy, based on a price of 57.5 pence per share. Ophir disclosed in an update late last week that parties to t

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Modec posts Q1 profit

    Japanese floater giant Modec is aiming for a vastly-improved top line performance in the remainder of the year as it also posted a first-quarter net profit. The company booked revenues of 58.09 billion yen ($529.21 million) in the three months to the end of March, an improvement on the 46.7 billion yen taken a year earlier. However, Modec is aiming for revenues of 350 billion yen for the full ye

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Prices robust despite US crude stocks increase

    US-China trade tension fails to dent values bolstered by fresh friction in the Middle East

    Weekly  upstreamonline.com 16 May 22:00 GMT Anamaria Deduleasa and Nassir Shirkhani

    Avax wins pipeline deal

    Greece’s J&P Avax has landed a contract for construction of the Greece-Bulgaria interconnector line that will deliver gas from the Shah Deniz 2 development in Azerbaijan's Caspian Sea to Bulgaria. J&P Avax will build the 183-kilometre Bulgarian section of the pipeline that will be connected in Greece with the Trans Adriatic pipeline (TAP), which is expected to launch in 2020. The deal is valued

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Unoc chief steps down

    Josephine Wapakabulo has unexpectedly resigned as chief executive of state-owned Uganda National Oil Company, effective from 13 August, citing personal and family reasons for her surprise departure. It is not clear if anyone is lined up to replace Wapakabulo who was praised by UNOC chairman Emmanuel Katongole in a statement. He added the company "has a well-structured succession planning strateg

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Big reserves cut at Maria

    German operator Wintershall Dea has confirmed that reserves at its Maria field off Norway have been cut by as much as three quarters. The German operator said in a well application to the Environment Agency that remaining recoverable reserves at the Norwegian Sea field are now estimated at only around 50 million barrels of oil equivalent, compared with a previous estimate of 207 million boe. It

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Boost for ONGC drilling bid at Tripura sanctuary

    Two of three key authorities grant Indian giant approval for campaign in wildlife park

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

    Deadline passes for Malaysia's 2019 exploration round

    Broadband seismic to attract Sabah bids

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Rosneft drills off Vietnam

    Russian operator Rosneft has started a new drilling operation off Vietnam using the semi-submersible drilling rig Hakuryu-5. The owner of the semisub, Japan Drilling Company, said operations began on 12 May 2019 under a one-well contract lasting between 60 and 90 days in an area off the Vietnamese city of Vung Tau. Rosneft has interests in two blocks in Vietnam's Nam Con Son basin - a 35% operat

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    BSP busy at SW Ampa

    Brunei Shell Petroleum (BSP) is preparing to start a 150-day period of development drilling in the shallow-water South West Ampa area. BSP said the work will start on 13 June 2019 using the semi-submersible tender assisted drilling rig Sapura Pelaut. The operator had a busy year in 2018 at the South West Ampa asset, drilling a series of development wells using the jack-up drilling rig Maersk Con

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Jadestone hunts Stag

    Singapore's Jadestone Energy has drilled the first development well in six years at the Stag oilfield off Western Australia. Drilling operations on the Stag-49H infill well concluded on 6 May, and the well was completed with sand screens and swell packers which take a few days to expand and set, the company said. The jack-up Ensco 107 is back-loading equipment and preparing to move off location.

    Weekly  upstreamonline.com 16 May 22:00 GMT ....

    Chiyoda arranges funding

    Japanese contractor Chiyoda has secured funding of 180 billion yen ($1.6 billion) from a pair of compatriot companies after it posted a large loss due to cost blowouts on liquefied natural gas projects, writes Russell Searancke. Mitsubishi Corporation and Mitsubishi UFJ Financial Group (MUFJ) are lending the support and have also committed to supply top management personnel and frontline project

    Weekly  upstreamonline.com 16 May 22:00 GMT ....