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  • W&T in $20m deal for Magnolia field

    US independent sees additional drilling opportunities around TLP

    NEWS  upstreamonline.com 13 Dec 23:55 GMT Kathrine Schmidt

    Chesapeake hit by delisting warning

    US independent falls out of NYSE compliance as shares close below $1 for 30 days

    NEWS  upstreamonline.com 13 Dec 23:29 GMT Kathrine Schmidt

    McDermott share price triggers delisting warning

    US contractor's average closing share price fell below $1 for 30 consecutive days

    NEWS  upstreamonline.com 13 Dec 22:14 GMT Kathrine Schmidt

    US oil drillers add four rigs

    Weekly tally shows gains in Marcellus despite overall loss in gas-directed rigs

    NEWS  upstreamonline.com 13 Dec 18:35 GMT Caroline Evans

    Rosneft beats Surgutneftegaz for East Siberia blocks

    Russian oil producer adds three onshore blocks at auction this week

    NEWS  upstreamonline.com 13 Dec 17:53 GMT Vladimir Afanasiev

    North Dakota production hits new highs

    Gas capture levels remain steady but below state targets in October

    NEWS  upstreamonline.com 13 Dec 17:27 GMT Caroline Evans

    BLM lifts California fracking ban

    US agency finds 'no adverse impacts that cannot be alleviated' from fracking

    NEWS  upstreamonline.com 13 Dec 16:51 GMT Caroline Evans

    DSME lands Anchor spoils

    South Korean yard to build hull for production semisub for deep-water US Gulf development

    NEWS  upstreamonline.com 13 Dec 13:20 GMT Amanda Battersby

    DNO in minor find at Canela

    Explorer hits small volumes of oil and gas with probe drilled near Heidrun field off Norway

    NEWS  upstreamonline.com 13 Dec 13:09 GMT Steve Marshall

    SBM divests Sepetiba FPSO stakes

    Dutch contractor cuts ownership in Brazil floater project with sales to Japanese partners

    NEWS  upstreamonline.com 13 Dec 10:42 GMT Steve Marshall

    Keppel delivers another Grupo R jack-up

    Rig being bought and leased back for work off Mexico

    NEWS  upstreamonline.com 13 Dec 10:25 GMT Amanda Battersby

    Barents terminal plan scrapped by Equinor

    Proposed onshore facility in northern Norway kyboshed by high costs in blow for local economy

    NEWS  upstreamonline.com 13 Dec 09:15 GMT Steve Marshall

    Hurricane in Lancaster drilling revamp

    Operator to focus on delineation of Lancaster and Lincoln finds with licence extension as Warwick and other areas drop off radar screen at UK West of Shetland play

    NEWS  upstreamonline.com 13 Dec 08:45 GMT Steve Marshall

    Estonia, Finland gas pipeline connector in early start-up

    Formal operations kicked off at Balticconnector with commissioning, which happened earlier than originally planned

    NEWS  upstreamonline.com 13 Dec 06:50 GMT Vladimir Afanasiev

    Mubadala wraps up disappointing Thai drilling campaign

    Operator comes up dry with appraisal well at Yothaka East near the Manora oilfield

    NEWS  upstreamonline.com 13 Dec 06:48 GMT Josh Lewis

    Conservatives win majority in dramatic night for UK politics

    Overwhelming general election victory for Prime Minister Boris Johnson will see party push forward with Brexit plans

    NEWS  upstreamonline.com 13 Dec 06:10 GMT Josh Lewis

    Oil hits 3-month highs

    Hopes of resolution in US-China trade war provides boost to prices

    NEWS  upstreamonline.com 13 Dec 04:19 GMT Reuters

    Hibiscus seals Crown deal off UK

    Deal closes on North Sea acquistion with planned tie-back to Marigold

    NEWS  upstreamonline.com 13 Dec 03:45 GMT Josh Lewis

    Positive signs at Interra's Indonesian wildcat

    Operator to move ahead with testing after signs of oil were encountered while drilling

    NEWS  upstreamonline.com 13 Dec 02:46 GMT Josh Lewis

    Chevron strikes WA domgas deal

    Production to come from US giant's portfolio of assets in Western Australia

    NEWS  upstreamonline.com 13 Dec 01:45 GMT Josh Lewis

    Biguet to replace Ayat as Schlumberger's finance chief

    US oilfield services giant Schlumberger is set to replace its chief financial officer after present incumbent Simon Ayat resigned from the position. Ayat will step down on 22 January next year after 12 years in the role, having been with the company since 1982, and will be replaced by Stephane Biguet, who currently serves as vice president finance. However, Ayat will remain as a senior strateg

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Global Mediator

    $10 billion hit for Chevron

    Chevron is to take a $10 billion to $11 billion impairment in the fourth quarter of 2019, the majority of which is associated with its Appalachian basin shale gas asset in the north-eastern US, after revising its long-term commodity price outlook, writes Caroline Evans. The US supermajor made the disclosure in a release announcing its 2020 capital budget, which it plans to keep flat over 2019 lev

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Caroline Evans

    Saudi Aramco's listing gets off to a flying start

    Riyadh stock exchange debut puts company within touching distance of $2 trillion target valuation

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Nassir Shirkhani

    Devon in new deal for Stack

    US independent Devon Energy plans to jointly develop part of its Stack acreage in the Anadarko basin of Oklahoma in a joint venture with chemicals giant Dow. Under the terms of the agreement confirmed this week, Dow will commit $100 million to fund drilling over the next four years in exchange for half of Devon's working interest in 133 undrilled locations. The average working interest is estim

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Caroline Evans

    US inventories increase adds to crude pressure

    Data from EIA sees oil price fall back after gains earlier in the week following Opec+ moves

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Nassir Shirkhani

    Venture starts field revamps

    A joint venture of state-owned oil producer Zarubezhneft and Uzbekistan's state oil and gas producer Uzbekneftegaz called Andijanpetro has taken on operatorship of three ageing oilfields in the Andizhan region of Uzbekistan. According to a statement from the Uzbek energy ministry, Andijanpetro will invest in rehabilitation of the South Alamyshyk, Khartum and East Khartum fields. The assets have b

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Vladimir Afanasiev

    Energy Drilling gets PTTEP job

    Energy Drilling has been awarded a long-term contract by Thailand’s state-owned PTT Exploration & Production for development drilling at the Arthit field in the Gulf of Thailand. The Singapore-based drilling contractor’s high-specification tender rig EDrill-1 will be employed on the contract, which has a firm duration of three years and four months and an optional period of seven months. Drillin

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Mark Hillier

    SBM firms up Sepetiba award

    SBM Offshore has signed firm contracts with Brazilian state-controlled operator Petrobras for the 22.5-year lease and operation of the Sepetiba floating production, storage and offloading unit, previously known as Mero 2. The deal formalised a letter of intent announced in June. "SBM Offshore is progressing with the design and construction using its industry leading Fast4Ward programme as it inc

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Kathrine Schmidt

    Genting resets its Kasuri schedule

    Genting Oil & Gas is facing challenges at its Kasuri onshore gas development in West Papua, Indonesia, where the front-end engineering and design contractor is working hard to stick to its schedule. Well-placed sources said the FEED contract was awarded to a local consortium comprising Bina Reka Cipta Utama, Tiga Inti Pilar and Suluh Ardi Engineering. Genting confirmed in its recent quarterly re

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Russell Searancke

    Medco in mood for FEED at Sampang

    Medco Energi is tempting engineering houses in Indonesia with a contract for front-end engineering and design linked to the Paus Biru shallow-water gas discovery off East Java, writes Russell Searancke. The Paus Biru field is to be developed via a single well with a minimum facility wellhead platform tied back via a 27-kilometre subsea pipeline to the existing Oyong platform. It could not be con

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Russell Searancke

    UK E&A activity improves

    UK offshore exploration and appraisal drilling is rebounding from historic lows, but operators are still failing to deliver on all of their promised activity, writes Rob Watts. The latest provisional forecast from the Oil & Gas Authority (OGA) is that 18 exploration wells and 11 appraisal wells will have been spudded by the end of this year, according to the regulator’s exploration and new ventur

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Global Mediator

    Aramco delays tenders for Zuluf field project

    Process for anticipated $9 billion incremental scheme is pushed back by more than six months

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Nishant Ugal

    Repsol in Indonesia exercise

    Repsol and its joint venture partners in the Sakakemang permit in Indonesia are identifying potential contractors for the large Kali Berau Dalam gas discovery’s early production system, writes Russell Searancke. Sources said Repsol had launched a pre-qualification exercise to gauge the interest and capacity of the oilfield services community in delivering the onshore early production system. It

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Russell Searancke

    China launches national pipeline grid company

    Former CNPC president chairs special-purpose entity created as part of efforts to streamline the country's energy infrastructure

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Xu Yihe

    OMV's NZ campaign under way

    Austrian operator OMV has launched a multi-well offshore exploration drilling campaign in New Zealand that will include one ultra-deepwater well in the Great South basin. The semi-submersible rig COSL Prospector is being used in the programme, which an OMV spokesperson said will comprise the Gladstone-1 well in Block PEP 57075, the Toutouwai-1 well in PEP 60093 and the Maui-8 well in the Maui fie

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Russell Searancke

    Vietnam eyes spending push

    State agencies look to stimulate investment in oil and gas sector

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Russell Searancke

    Chevron to sell Kitimat LNG stake

    US supermajor Chevron has confirmed plans to sell its 50% stake in the proposed Kitimat LNG export project just days after Canadian federal regulators approved an application to export more liquefied natural gas from the scheme in British Columbia than was previously planned, writes Caroline Evans. After Chevron signalled early in the week in its capital expenditure forecast for 2020 that Kitimat

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Caroline Evans and Mark Hillier

    Local capacity ‘is essential’ for Guyana success

    Building up local capacity will be essential if Guyana is to achieve its aim of turning oil production into an engine of sustainable growth, and the operators and contractors who will be expected to provide local content along the supply chain are well aware of the challenge, writes Gareth Chetwynd. ExxonMobil is putting effort into capacity-building, working closely with organisations such as th

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Gareth Chetwynd

    Jones Energy in takeover

    US independent Jones Energy is set to be acquired by private equity-backed Revolution Resources months after emerging from Chapter 11 bankruptcy. The all-cash $201.5 million deal, which has been unanimously approved by the Jones Energy board and a majority of Jones Energy stockholders, is expected to close in the first quarter of next year. Jones stockholders will get about $14.11 for each shar

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Caroline Evans

    York Capital in DJ tie-up

    Global investment firm York Capital Management plans to commit up to $125 million for drilling in Colorado's DJ basin as part of a joint venture with privately held Bayswater Resources. The investment from York Tactical Energy Fund (YTEF) will be used to drill and complete as many as 63 joint wells targeting the oil-rich Niobrara A, B, C and Codell stacked-pay intervals, YTEF said. The wells, w

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Caroline Evans

    China set to boost output

    China is expected to boost shale gas production by 18% from last year to about 13 billion cubic metres, but faces challenges to meet the government-set target of boosting output of the unconventional gas to 30 Bcm next year, writes Xu Yihe. Industry officials expect shale gas production will reach 18 Bcm next year, about 60% of the target originally set by the government in the 13th five-year pla

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Global Mediator

    Hammer in for the long haul

    The chief executive of Longboat Energy brings a wealth of experience — and a proven team — to new North Sea player

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Rob Watts

    Reforms hit a rough patch as fears about Guyana's readiness mount

    The excitement about first oil is palpable in Guyana, though it is tempered with a hint of unease about the country’s readiness for the sudden flow of revenue and concern about whether ordinary people will benefit from the bonanza, writes Gareth Chetwynd. Experienced heads at ExxonMobil try to manage expectations and build trust. “We are here to partner Guyana and develop oil resources in a res

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Gareth Chetwynd

    Montney operators get boost from gas prices

    Regional pricing could draw more rigs to Western Canadian region after production shut-ins

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Caroline Evans

    TGS starts shoot in British Columbia

    TGS has started another 3D onshore seismic survey in the Montney shale play of north-east British Columbia, Canada a month after launching a similar shoot in the region, writes Caroline Evans. The Norwegian seismic contractor said last week it had started its 2020 South Halfway survey, which will "amplify" its core position in the Inga-Fireweed area. When completed, the South Halfway project wil

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Caroline Evans

    Pemex pencils in Asab probe amid delays

    Appraisal well could be drilled as early as January

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Kathrine Schmidt

    Pemex signs up semisub

    Pemex’s contracting strategy for a rig focused on midwater drilling purposes has remained uncertain, write Kathrine Schmidt and Gareht Chetwynd. Multiple sources told Upstream that the ODN Delba III unit was currently making its way to Mexico for a client focused on midwater drilling after a Dutch offshore services company made a deal for it in Brazil. Documents obtained by Upstream show that in

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Gareth Chetwynd

    Enauta revises plan for wildcatting campaign

    Brazilian independent targeting ultra-deep waters of Para-Maranhao basin

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Fabio Palmigiani

    Pemex to develop Quesqui

    Mexican state oil company Pemex is planning to develop the onshore Quesqui discovery that was made public in July, aiming to continue with an appraisal campaign and to target production of 110,000 barrels per day there by 2021, writes Kathrine Schmidt. The company aims to drill 11 wells and reach daily production of 69,000 barrels of oil and 300 million cubic feet of gas in the next year, a figur

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Kathrine Schmidt

    Perth basin gas comes up against reality check

    Question marks over how to monetise three big discoveries

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Russell Searancke

    PXP stays with hub plans

    Existing operator Shell also keeping close tabs on proposal

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Amanda Battersby

    Carving out strategy on Newfoundland spills

    Players come together to address 'unacceptable' offshore spills and other incidents

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Iain Esau

    Husky on the move in Canada

    Husky Energy is pushing ahead with its innovative C$3.6 billion (US$2.7 billion) West White Rose development off eastern Canada, a key development that will boost the independent's production off Newfoundland & Labrador, writes Iain Esau. Located in the Jeanne d'Arc basin, the field is being developed via a concrete gravity structure (CGS) tied back to Husky’s nearby SeaRose floating production,

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Iain Esau

    Petrobras re-tenders for a DSV

    Brazilian giant invites several contractors to submit offers to provide diving support vessel for work in Campos and Santos basins

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Fabio Palmigiani

    KrisEnergy seeks extension

    Authorities in Indonesia are considering player's request for more time for development of Lengo gas field

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Amanda Battersby

    Petronas in seismic push

    Dubai-headquartered Polarcus will imminently start a streamer seismic survey off Sarawak, East Malaysia for Petronas Carigali, Malaysia’s national upstream company, writes Amanda Battersby. Petronas has contracted Bahamas-flagged 12-streamer survey vessel Polarcus Alima for the shoot, which was expected to start on or around 12 December and be completed by 31 May 2020. This project is understood

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Amanda Battersby

    Philippines to approve another import project

    Lucio Tan Group said to have lined up initial customers, but South-East Asian nation has yet to import its first LNG volumes

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Amanda Battersby

    Bidding for Bahia terminal

    State-controlled oil and gas company Petrobras has started pre-qualifying interested players for the long-term lease of its Bahia liquefied natural gas import terminal in its native Brazil, writes Amanda Battersby. On offer is the use of a terminal, which has regasification capacity of 20 million cubic metres per day of gas, plus the associated 28-inch, 45-kilometre pipeline connecting the termin

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Global Mediator

    Oil Search to spud Alaska probes within weeks

    Australian player targeting potential oil resources of between 400 million and 900 million barrels

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Iain Esau

    US crude growth 'to decline'

    The US Department of Energy expects the nation's crude output growth rate to fall back to less than 1 million barrels per day next year as the slowdown in drilling activity is predicted to extend into next year, writes Caroline Evans. In its latest forecast, the department's Energy Information Administration (EIA) expects US crude production will average 13.2 million bpd in 2020. That is 900,00

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Caroline Evans

    Sapura Energy goes into the red in third quarter

    Outlook remains challenging for Malaysian player despite seeing an improvement in nine months to 31 October

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Amanda Battersby

    DOF eyes financing solution

    Oslo-listed offshore vessel contractor DOF Subsea is proposing a refinancing solution as it works to try and restructure its significant debts amid a challenging market. The company has gained a conditional commitment from its largest indirect shareholder Laco to subscribe for Nkr200 million ($21.8 million) of new cash equity through a proposed rights issue in parent DOF aimed at raising between

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Global Mediator

    Shakeup for Providence

    Struggling Irish minnow Providence Resources is looking for a new chief executive after long-time leader Tony O’Reilly quit. The Dublin-based explorer’s founder has stepped aside from the board and all subsidiaries, but will remain with the parent company until the end of January for a handover period. In the interim, chairman Pat Plunkett will assume O’Reilly’s executive duties.

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Eoin O'Cinneide

    Going with the flow...

    Stephane Biguet is replacing Simon Ayat as chief financial officer at Schlumberger Svein Jakob Liknes has been named acting chief executive of Aker Energy after Jan Arve Haugan quit Paul McDade and Angus McCoss have left as chief executive and exploration director, respectively, of Tullow Oil, with Mark MacFarlane named chief operating officer Tony O’Reilly has quit as

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Global Mediator

    Climate change summit

    The United Nations Climate Change Conference held in the Spanish capital of Madrid entered its second week of talks covering the urgency of action on global warming, with a background of protests by environmental activists, writes Anamaria Deduleasa. There has been little new policy making so far at the COP-25 climate talks despite negotiators releasing a new text on the future of carbon markets.

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Anamaria Deduleasa

    Argentina appoints new energy secretary

    Argentina’s President Alberto Fernandez has appointed a nuclear engineer as energy secretary at a make-or-break time for the country’s exciting but underdeveloped unconventionals play, writes Gareth Chetwynd. Sergio Lanziani, who has held the energy portfolio in Misiones, a remote province without any hydrocarbon production, was named as energy secretary just before Fernandez took office this wee

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Gareth Chetwynd

    Relations thaw between Saudi Arabia and Qatar

    Qatari delegation attends Riyadh summit as two sides move tentatively closer

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Nassir Shirkhani

    Iran's Rouhani in pledge to overcome US sanctions

    President Hassan Rouhani suggested in midweek that Iran will overcome US sanctions which have squeezed Iranian oil exports by either by-passing them or through negotiations with Washington, writes Nassir Shirkhani. Tensions have risen between the two countries since last year when US President Donald Trump tore up the landmark 2015 nuclear deal and reimposed sanctions on Tehran. The crippling sa

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Global Mediator

    Dos Santos graft trial begins

    THE trial began in Luanda this week of Jose Filomeno dos Santos, the son of oil-rich Angola’s former president, on money laundering and embezzlement charges, writes Iain Esau. Dos Santos is accused of helping to transfer hundreds of millions of dollars out of Angola when he headed the country’s Sovereign Wealth Fund between 2013 and 2018. His co-accused are Valter Filipe da Silva, former governo

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Iain Esau

    Hardy casting net wide in hunt for PY-3 floater

    Bids expected later this month in chase for firm five-year charter

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Nishant Ugal

    Liberia set to launch round

    April 2020 identified as launch date for nine-block round in frontier Harper basin

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Iain Esau

    Waha to open up for Total

    Total has agreed to invest $650 million in developing the North Gialo and NC 98 fields onshore Libya as part of a deal with the government that will now approve its entry into the Waha concessions. The French giant struck a $450 million deal in March this year to acquire Marathon Oil’s 16.33% stake in the six Waha concessions in the Sirte basin. However, Mustafa Sanalla, chairman of state-owned

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Iain Esau

    Change won't wait on talks in Madrid

    The COP25 climate talks in Madrid moved into their second week with no major breakthroughs but some small advances. Amid new claims about the growing speed of global warming, progress was made in tightening up the so-called Article 6 text on carbon markets. However, significant disagreements remain on how carbon credits should be counted and how future budgets should be set. The launch of the E

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Editorial

    Saudi rebrand is a big ask for Prince

    Plans to reinvent the nation as a pioneer of social and economic reforms will take more than Aramco's IPO and increased tourism if they are to succeed

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Nassir Shirkhani

    Major fields on radar in Petrobras divestment drive

    Efforts by Brazilian oil giant Petrobras to continue divesting non-core assets may include stakes in maturing Campos basin fields such as Marlim and Albacora, as well as an opportunity to take over the Papa Terra heavy oil field, writes Gareth Chetwytnd. Petrobras chief executive Roberto Castello Branco told an investor roadshow that the sale of a minority stake in the Marlim field could raise be

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Gareth Chetwynd

    Mexico stake for Equinor

    Norwegian oil player Equinor has picked up a 20% stake in four deep-water Gulf of Mexico blocks in the remote Walker Ridge area where Spanish explorer Repsol previously permitted a prospect called Mollerussa, according to US records, writes Kathrine Schmidt. The blocks, Walker Ridge 321, 322, 365 and 366, lie only about 10 miles (16 kilometres) east of Equinor's Monument prospect, which it expect

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Kathrine Schmidt

    Derailment investigated

    Canadian federal investigators are looking into what caused a train hauling crude to go off the tracks and burst into flames in Saskatchewan earlier this week. The Transportation Safety Board (TSB) of Canada said it would deploy a team of investigators to the site of the derailment involving a Canadian Pacific train near Lanigan, Saskatchewan. No one was injured in the incident in which around

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Caroline Evans

    Petrobras pushes back start dates for FPSOs

    State-run Brazilian giant's five-year plan calls for delays to four of its floater projects as it focuses on value over volume

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Gareth Chetwynd

    Calling time on flaring

    It feels like the oil and gas industry has never talked more about green initiatives and ways to reduce its impact on climate change. But recently released federal data from 2018 shows that flaring in the US onshore has never been worse, rising to an eye-popping 1.28 billion cubic feet per day. Industry data from providers such as Rystad Energy have shown further growth to their own estimates i

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Kathrine Schmidt

    Aussie LNG output hits record high

    Australia's total production of liquefied natural gas reached a record quarterly level of 20 million tonnes per annum in the three months ended 30 September, according to Australia's leading energy consultant, writes Russell Searancke. The quarterly tally equates to nearly 80 million tpa on an annualised basis, said EnergyQuest in its latest report. The record was achieved despite lower producti

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Russell Searancke

    Commercial start-up for Freeport LNG

    The first train at the Freeport liquefied natural gas export terminal in Texas has begun commercial operations after construction delays pushed back the start-up date by nine months, writes Caroline Evans. Freeport LNG said that commercial start-up of Train 1 began last Sunday, days after contractor McDermott announced the second train had reached first LNG. The base project comprises three train

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Caroline Evans

    Timor-Leste LNG plans take step forward

    Increasing accord with Woodside consortium over Greater Sunrise offshore gas project

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Gareth Chetwynd

    Afina gets an estimate

    Accra-based Springfield E&P Afina-1 discovery off Ghana is estimated by the operator to hold more than 1.5 billion barrels of oil in place. In addition, said the operator, the deep-water find houses 700 billion cubic feet of gas. Drilled in West Cape Three Points Block 2 in 1030 metres of water, the probe hit 50 metres of net, light oil pay in good quality Cenomanian sandstones, said Springfield

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Iain Esau

    New boss for Aker Energy

    Svein Jakob Liknes steps up to the plate as Jan Arve Haugan quits

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Iain Esau

    ICBC eyeing floater move

    Finance player considering stake in under-construction Mero-2 FPSO

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Xu Yihe

    Santos packs down for women's rugby

    Australian gas giant pens three-year sponsorship deal for national teams

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Eoin O'Cinneide

    Niger Delta set for new ‘Kutt Throat’ deals

    With ink barely dry on last week’s joint venture pact between PetroNor E&P and Nigerian operator Yinka Folawiyo Petroleum (YFP) for development of the Aje field on OML 113 in the Niger Delta, the Oslo-listed explorer is now poised to sign off on two more asset acquisitions. Partnered by Nigerian indigenous player Tee Mac Petroleum and backed by Emirati capital, PetroNor will earn a 75.5% particip

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Global Mediator

    Needle over London Christmas tree

    Oslo mayor Marianne Borgen has bristled at suggestions that the traditional Christmas tree donated by Norway to London is, well, a little unfestive. When the 24-metre-high spruce was erected in Trafalgar Square in the UK capital late last week, some onlookers took to social media to criticise its appearance, variously describing it as “sparse”, “too thin” and even “the most anemic tree possible”.

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Eoin O'Cinneide

    Shell, Husky enter CNOOC Ltd deep-water gas play off China

    Separate deals struck with CNOOC Ltd to farm in to giant deep-water gas play

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Xu Yihe

    EIA reports US flaring hit record in 2018

    Flaring and venting of natural gas in the US hit an all-time high in 2018, with producers in the country’s onshore sector releasing an average of 1.28 billion cubic feet per day, according to data from the Energy Information Administration (EIA), writes Kathrine Schmidt. The numbers also indicate that the percentage of gas flared in 2018 was up to 1.25% of gross volumes, an increase from 0.84% th

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Global Mediator

    Guyana growth set to rocket once oil flows

    International Monetary Fund forecasts economic growth of up to 86% next year in nation as prolific plays begin to come on stream

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Gareth Chetwynd

    Red tape hampers plans for Liza-Paraya

    Delays in agreeing framework for Guyana's gas and oil sector threaten to hold back development

    NEWS  upstreamonline.com 12 Dec 23:00 GMT Gareth Chetwynd

    Oil gains on US-China trade deal hopes

    Prices also get support from US Fed keeping interest rates unchanged

    NEWS  upstreamonline.com 12 Dec 22:48 GMT Reuters

    Transocean lands Trinidad contract

    Rig contractor lines up one-year contract with unnamed operator

    NEWS  upstreamonline.com 12 Dec 21:57 GMT Caroline Evans

    Chevron firms up Anchor OneSubsea order

    Schlumberger company details subsea award for greenlighted Anchor project in the US Gulf

    NEWS  upstreamonline.com 12 Dec 21:56 GMT Kathrine Schmidt

    Roan Resources in layoffs

    Oklahoma-focused independent to cut 92 jobs in early 2020

    NEWS  upstreamonline.com 12 Dec 20:34 GMT Caroline Evans

    Brouillette sworn in as US energy secretary

    Former deputy energy secretary replaces Rick Perry of Texas

    NEWS  upstreamonline.com 12 Dec 18:37 GMT Kathrine Schmidt

    Antero targets up to $1bn in asset sales

    US shale gas producer places properties on the market

    NEWS  upstreamonline.com 12 Dec 17:30 GMT Caroline Evans

    Two to battle for gas contracts from Ukraine state player

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