• FILTER YOUR SEARCH
  • DEPARTMENTS
  • More
  • SECTORS
  • REGIONS
  • PUBLICATIONS
  • Search results for :
  • Oil stabilises but still headed for loss

    Oil on track for a fifth weekly fall as prices continue to retreat from October highs

    Online  upstreamonline.com 09 Nov 07:54 GMT Reuters

    Gambia wildcat disappoints

    Target intervals found to be water bearing but signs of hydrocarbons found

    Online  upstreamonline.com 09 Nov 00:46 GMT Josh Lewis

    PetroQuest files for Chapter 11

    US independent hopes to exit bankruptcy by end of 2018

    Online  upstreamonline.com 08 Nov 23:24 GMT Caroline Evans

    Oceaneering plant reactivates after hurricane

    Facility to continue making repairs through years' end but operations back under way

    Online  upstreamonline.com 08 Nov 23:01 GMT Kathrine Schmidt

    Petrobras in new tech focus for pre-salt

    Brazilian giant investing in development of technologies to further reduce output costs

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Fabio Palmigiani

    Kosmos and Shell launch alliance in Africa

    New partners seek out exploration targets off southern West Africa

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Iain Esau

    Patawali appraisal on menu

    Joint oilfield development with Salam touted

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Amanda Battersby

    Shwe gig for Ocean Monarch

    South Korea's Posco Daewoo has confirmed it has awarded the development drilling contract for its Shwe phase two gas project in Myanmar. The contract was awarded to Diamond Offshore for use of the 10,000-foot water depth semi-submersible Ocean Monarch. It will run from November 2019 to March 2021. It covers seven firm wells and five option wells. The dayrate was not disclosed Phase two of the Sh

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Global Mediator

    Seven new awards for Oz acreage

    Shell, BP, Inpex, Cooper Energy and Canarvon Petroleum gain acreage permits from federal government

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Russell Searancke

    US giants forge ahead in Permian basin drive

    Chevron and ExxonMobil achieve new highs in production and activity in US shale play

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Kathrine Schmidt

    Rigas has history on his side

    Energean chief executive saw the opportunity to turn an early dream into reality when in a position to take over the Prinos field off Greece

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Anamaria Deduleasa

    Serica wins US go-ahead for Rhum operations

    Operator gains OFAC approval to continue work at UK Central North Sea field that counts Iranian Oil Company as partner

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Rob Watts

    Apache targets boost

    Apache is expecting its North Sea oil and gas output to increase in the fourth quarter as the US operator nears production from the Garten discovery, located close to its Beryl Alpha facility, sooner than previously expected, writes Rob Watts. Apache produced 51,000 barrels of oil equivalent per day from its North Sea operations between July and the end of September, down slightly from the second

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Rob Watts

    Cairn readies for Ravva and KG basin drill drive

    Indian operator also gains 10-year extension to PSC for RJ Block onshore Rajasthan

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Russell Searancke

    ONGC awards MOPU role

    India's Oil & Natural Gas Corporation (ONGC) has awarded a contract for the commissioning of a mobile offshore production unit bound for the WO-16 Cluster off the country's west coast, writes Russell Searancke. ONGC said it aims to commission the MOPU by March 2019, and that all 15 wells at the WO-16 Cluster have been completed in readiness for coming on stream once the MOPU is commissioned. The

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Global Mediator

    Russian player exits Iran

    Russian state-owned Zarubezhneft has withdrawn from an upstream project in Iran that was established earlier this year before the re-introduction of US sanctions against the Middle East nation. An unidentified company executive was quoted as saying that remaining in Iran was deemed to be too risky for Zarubezhneft, which has a significant presence in the offshore development sector in Vietnam and

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Vladimir Afanasiev

    Io sets sights on opportunities as market revives

    UK-based consultancy expanding presence in Middle East, US and Australia as industry activity increases

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Iain Esau

    High hopes in Alaska for offshore go-ahead

    State optimistic Beaufort and Chukchi seas will be included in federal leasing plan

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Kathrine Schmidt

    Race starts for Kasuri FEED

    Genting plans to award contract later this year, with work starting in early 2019 on onshore West Papua project

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Russell Searancke

    Esperanza FSRU readied for Tianjin action

    Norway's Hoegh LNG has started commissioning work to prepare its floating storage and regasification unit Esperanza for operations at the Tianjin liquefied natural gas terminal in China. The Hoegh Esperanza is currently operating under a three-plus-one year FSRU/LNG carrier time charter with CNOOC Gas & Power Trading & Marketing. Under the deal, the unit will be utilised in FSRU mode for a minim

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Anamaria Deduleasa

    Total and Sempra join up in North America

    French giant Total and San Diego-based Sempra have signed a memorandum of understanding to co-operate on the development of liquefied natural gas export projects in North America. The potential agreement envisages Total contracting up to 9 million tonnes per annum of offtake from Sempra’s LNG export projects being developed on the US Gulf Coast and West Coast. Specifically, supplies would be so

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Global Mediator

    Golar LNG awaits on decision by Perenco on Hilli Episeyo trains

    French independent Perenco could make a decision within months about feeding gas to the third and fourth trains of Golar LNG's Hilli Episeyo floating liquefied natural gas vessel off Cameroon, writes Iain Esau. According to Golar LNG, Episeyo's first two trains have been operating with 100% up time, with Perenco and Cameroon's government working in the background on gas sourcing for the next two

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Iain Esau

    Petrobras launches new maintenance tender

    Brazilian giant invites bids for four-year job covering several platforms in Campos basin

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Fabio Palmigiani

    Pre-salt role for McDermott

    US oilfield services giant McDermott International has won a contract to supply a trunkline to serve Petrobras’ pre-salt developments off Brazil. McDermott will carry out engineering, procurement, construction and installation of the third and final phase of the Route 3 pipeline under the contract, which has an estimated value between $50 million and $250 million. Route 3 links the giant Lula an

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Fabio Palmigiani

    Total job for Rowan in Mexico

    Rig contractor Rowan has been awarded a new contract to drill for French giant Total in the Mexican sector of the Gulf of Mexico. Confirming an earlier report from Upstream, Rowan said the ultra-deepwater drillship Rowan Renaissance will be chartered for a firm term of one well with an estimated duration of 60 days. The agreement includes three one-well options that can be exercised by other Tot

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Anamaria Deduleasa

    Total's hopes high for Elk-Antelope breakthrough

    Joint venture partners working towards Gas Agreement with PNG government - but it is unlikely to be sealed before APEC meeting next week

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Russell Searancke

    Sub-Sahara back in the spotlight

    Companies turn attention to region again as nations look to offer fresh licensing rounds

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Eoin O'Cinneide

    Madagascar puts 44 blocks on menu for licence round

    Acreage on offer located in Morondava basin off island's central western coast

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Eoin O'Cinneide

    Iraqi gas brought back to the fore

    Iraq was forced in the aftermath of the 2014 oil price collapse to put efforts to harness associated gas on the back burner, in a severe blow to flaring reduction and increased power generation capacity, writes Nassir Shirkhani. The Oil Ministry is now rising to the challenge, prioritising gas utilisation plans to address the chronic electricity shortages that led to widespread violent protests i

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Nassir Shirkhani

    Ghadhban can bring in key experience

    Iraq’s Prime Minister Adel Abdul-Mahdi won parliamentary approval for a Cabinet that includes veteran energy industry expert Thamer al-Ghadhban as his new oil minister, writes Nassir Shirkhani. Ghadhban replaces Jabbar al-Luaibi, another experienced oilman who has now been put in charge of the newly revived Iraq National Oil Company (INOC). That organisation will act as an umbrella for state-owne

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Nassir Shirkhani

    Four-year high to spur Shell shares buy-back

    Strong quarter performance allows supermajor to step up programme

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Rob Watts

    Uhl upbeat despite Stones hit

    Shell recognised an impairment of $515 million in its latest set of quarterly results in relation to its Stones development in the deep-water US Gulf of Mexico, writes Rob Watts. Shell chief financial officer Jessica Uhl said the write-down largely related to the Anglo-Dutch supermajor’s increasing understanding of the reservoir and poorer than anticipated exploration results. Stones is located

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Global Mediator

    Philippines needs to resolve Malampaya row

    Shell and its partners in the Malampaya field off the Philippines, together with the nation’s Department of Energy (DoE), have asked the Supreme Court to reconsider a Commission on Audit (CoA) ruling that they owe several billion dollars in back income tax. The Anglo-Dutch operator of the producing Malampaya gas field, which provides most of the feedstock for power generation on the main island o

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Amanda Battersby

    Shell requests review of Malampaya tax demand

    Anglo-Dutch supermajor asks Philippines Supreme Court to reconsider Commission on Audit's ruling

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Amanda Battersby

    Australia sets out stall for tax changes

    Federal government plans petroleum tax changes that could raise an extra A$6.5 billion in revenues over next decade

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Josh Lewis

    Finger of blame points at the oil industry

    The spread of coral-sol in Brazil, with its aggressive impact on native species, has excited considerable activity among marine biologists in Brazil, and the finger of blame has been pointed at the oil industry, writes Gareth Chetwynd. There is published research suggesting that Tubastraea coccinea hitched a ride from China on a production unit that came to the Ilha Grande region, location of the

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Gareth Chetwynd

    US oil employers make satisfaction ranking

    Amid an improved oil price environment, a raft of industry players made their way into the Houston Chronicle’s annual Top Workplaces list of the best companies for employee satisfaction. US independents Apache, Marathon Oil and Newfield Exploration all made it on to the newspaper’s list in the large company category. Shale giant EOG Resources was also on the list, alongside midstream player Plai

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Eoin O'Cinneide

    Going with the flow...

    China National Offshore Oil Corporation has named Wang Dongjin president, replacing the retiring Liu Jian Chevron Australia managing director Nigel Hearne has been named president of Chevron Asia Pacific E&P, replacing Steven Green who will head up Chevron North America E&P, while Hearne is replaced by current vice president of Chevron’s San Joaquin Valley business unit in California, Al Williams

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Eoin O'Cinneide

    Petrobras to start new FPSO search next year

    Brazil’s Petrobras intends to launch a pair of tenders next year to charter floating production, storage and offloading vessels to serve the Itapu pre-salt field and a cluster of deep-water discoveries in the Sergipe-Alagoas basin, writes Fabio Palmigiani. Petrobras director for production development and technology Hugo Repsold said the company is already planning both tenders, and word is that

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Fabio Palmigiani

    Rosneft revenues increase

    Russian state-controlled oil producer Rosneft posted an 11% increase in revenues to almost 2.3 trillion rubles ($35.2 billion) in the third quarter compared to the previous three months. However, net profit dropped to 142 billion rubles in the third quarter against 228 billion in the second quarter as the oil producer was forced to book an anticipated future loss of 133 billion rubles. Rosneft

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Vladimir Afanasiev

    Encana puts Scoop/Stack to fore in Newfield deal

    Canadian producer sees Oklahoma play as ‘core of the core’ in portfolio after $7.7 billion acquistion

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Kathrine Schmidt

    Surgutneftegaz cash boost

    Russian privately held oil producer Surgutneftegaz has seen its cash reserves and cash equivalents grow by 25% this year to almost 2.8 trillion rubles ($43 billion) at the end of September on the back of stronger international oil prices and a weaker ruble. According to the company’s latest financial report, long-term bank deposits jumped to more than 1.9 trillion rubles at the end of September f

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Vladimir Afanasiev

    Vantage buys QEP package

    Vantage Energy Acquisition Corporation (Veac) has signed a $1.65 billion cash and stocks deal to acquire assets in the Williston basin in North Dakota and Montana from fellow US oil company QEP. The deal, which covers the South Antelope and Fort Berthold leasehold and various mineral interests, is expected to close late in the first quarter or early in the second quarter of 2019. After its conclu

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Global Mediator

    Crude rally short-lived as supply fears ease

    Futures pull back after earlier gains as US inventories climb again in latest week

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Nassir Shirkhani

    SBM eyes Fast4Ward for at least two more FPSOs

    Dutch player focused on Chinese yards for Guyana units - and possibly more for Brazil

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Xu Yihe

    Drilling starts at Pluma-1

    ExxonMobil has started drilling another exploration well on its prolific Stabroek block off Guyana, this time targeting the Pluma-1 prospect, writes Kathrine Schmidt. The latest update comes after the supermajor added a second exploration rig, the drillship Noble Tom Madden, to build on its already extensive exploration success in the basin. "I can verify that rig has now spudded the Pluma explo

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Kathrine Schmidt

    Chevron drops Tigris in drive for higher returns

    Supermajor takes write-off on potential scheme as it looks elsewhere in US Gulf

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Kathrine Schmidt

    Gabon unveils bid round and targets tax revamp

    New petroleum code to prioritise competitiveness as new blocks are put up for grabs

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Eoin O'Cinneide

    Court set to rule on gas flaring

    Nigerian operators are bracing for a landmark ruling next month in the Federal Court of Appeal that will determine how, even before passage of a clutch of fresh legislation, gas flaring will be managed in currently producing fields, writes Barry Morgan. On behalf of Eni, Lagos-based law firm Aluko & Oyebode launched an action against the government two months ago following the introduction by the

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Barry Morgan

    Philippines close to LNG hub pick

    The Philippines government could select the winner as early as this month for the nation’s first liquefied natural gas hub after years of negotiations, various tender processes and frequent delays, writes Amanda Battersby. Three contenders are still in the fray according to several industry sources. They are Tanglawan Philippines LNG, a joint venture between China National Offshore Oil Corporatio

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Amanda Battersby

    China records major boost in its shale gas reserves

    China has recorded a significant boost in shale gas reserves this year following increased exploration activity in four pilot production bases in the south-west provinces of Sichuan and Yunnan, writes Xu Yihe. By the end of the first half of 2018, China had increased possible and probable shale gas reserves to 1.05 trillion cubic metres from 800 billion cubic metres last year. This is out of to

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Xu Yihe

    Brazil counts cost of coral conundrum

    Coral-sol invaded Brazilian waters 20 years ago - and it is causing delays and spiralling costs on offshore projects

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Gareth Chetwynd

    Operators calling for revision of Brazil's permitting system

    Operators have been responding to the uncertainty generated by the coral-sol problem in Brazil by including clean-hull certification in the qualification requirements for recent rig tenders, writes Gareth Chetwynd. But the same operators have also been urging Brazilian authorities to come up with a permitting system that is more information-driven, more rational and more responsive to the delicat

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Gareth Chetwynd

    Democrats retake the wheel in US House

    Voters hand out check to Trump's complete control of both chambers by taking House of Representatives

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Kathrine Schmidt

    Political uncertainty stalks oil markets

    The reintroduction of US sanctions against a major oil producing country such as Iran should have triggered a big rise in the crude price. But one month after Brent blend hit a four-year high above $86 per barrel we have seen it slump below $73. Part of the reason for the relaxed view of the market to the US campaign to put “maximum pressure” on Iran has been waivers delivered to some oil buyers

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Editorial

    Hail & Ghasha, Dalma and Umm Shaif setting the pace

    Abu Dhabi National Oil Company (Adnoc) is moving ahead swiftly with its Hail & Ghasha and Dalma offshore sour gas developments, along with a fast-track development project involving its Umm Shaif Gas Cap reservoir, with the three projects thought to be together worth more than $14 billion dollars, writes Nishant Ugal. The Hail & Ghasha development is thought to be among the biggest projects to be

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Global Mediator

    Revival of Shah expansion and Bab offer major technical challenges

    Abu Dhabi National Oil Company (Adnoc) is expected to revive key gas projects in the emirate over the next year or two, including the expansion of its Shah gas field and the start of a separate project involving the huge Bab sour gas reservoir, writes Nishant Ugal. Industry sources say the two projects, earlier thought to be on the back burner, could be set to start over the next few years. The

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Nishant Ugal

    Iraq puts production drive back on track

    Revived INOC and key appointments bode well for expansion plans

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Nassir Shirkhani

    Bimco responds to growing concerns over biofouling

    The Baltic & International Maritime Council (Bimco), an international shipping association representing shipowners, has responded to growing concerns over the impact of hull biofouling on the marine environment by starting the process to attain an internationally recognised standard on this topic, writes Gareth Chetwynd. This new development has relevance to operators and contractors struggling

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Global Mediator

    Tullow optimistic on regaining Peru tracts

    Anglo-Irish independent hopes rescinded licences will start to be re-awarded by end of year

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Eoin O'Cinneide

    Coral-sol holds back SEAL push

    Invasive species hits Petrobras plans to step up deep-water Farfan project in Sergipe-Alagoas

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Gareth Chetwynd

    Lokichar FEED 'well underway'

    Tullow Oil hopes to release tenders for the upstream and midstream packages of its proposed South Lokichar basin oilfield development in Kenya around the middle of next year, writes Eoin O'Cinneide. The Anglo-Irish independent is close to finalising front-end engineering and design work for the first phase of the development, which remains on track for a final investment decision late next year.

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Eoin O'Cinneide

    Ecopetrol writes off well as Leon remains unclear

    Uncertain future for US Gulf field as Colombian state player takes hit and operator Repsol remains quiet on plans

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Kathrine Schmidt and Julia Martinez

    Colombia steps up EOR push

    Colombian state oil company Ecopetrol is set to invest further in developing its enhanced recovery techniques, the use of which helped to provide about 23% of its total production during the third quarter, writes Julia Martinez. The company has had success with secondary and tertiary recovery techniques, which contributed to 166,000 barrels of oil equivalent per day of production. Ecopetrol inv

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Julia Martinez

    Adnoc steps on gas to drive up production

    Abu Dhabi giant to spend $132 billion over five years on several key developments

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Nishant Ugal

    Adnoc wins approval for new expansion drive

    Abu Dhabi giant plans $132 billion investment in five-year production programme

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Nassir Shirkhani

    Abu Dhabi cheers new finds

    Abu Dhabi National Oil Company (Adnoc) says it has made large new gas and oil discoveries that will underpin its plans to boost production, writes Nassir Shirkhani. Adnoc said it had found 15 trillion cubic feet of gas and a billion barrels of oil. The United Arab Emirates has estimated gas reserves of 210 Tcf and 98 billion barrels of proven oil reserves, the bulk of which belong to Abu Dhabi.

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Nassir Shirkhani

    Croatia puts blocks on offer

    Croatia has launched its second onshore licensing round, with the nation putting seven blocks up for bidding. All of the blocks are situated in the Pannonian basin, with one being re-awarded after originally being handed to Nigerian independent Oando in the first round earlier this decade. Blocks that are being put on offer for the first time are Sava-06 (SA-06), Sava-07 (SA-07), Sava-11 (SA-11)

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Eoin O'Cinneide

    Techfem-SPS win Malta job

    An Italian joint venture of Techfem and SPS has, as expected, been awarded a contract to carry out front-end engineering and design work on the planned Medlink pipeline, which will link Malta with Sicily in Italy. The FEED study will run for 18 months and underpin bid documents to be issued in 2020 for the engineering, procurement and construction package.

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Iain Esau

    Tender trio for Novatek

    Russia's Novatek has issued three tenders seeking drilling support services for the first 21 development wells that its Arctic LNG 2 subsidiary plans to drill at the Utrenneye field between 2019 and 2023. Price proposals should be submitted by 20 November.

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Vladimir Afanasiev

    Lundin sights on Norway

    Swedish operator Lundin Petroleum has set its sights on six potential developments off Norway to keep adding to its oil and gas production after the giant Johan Sverdrup project comes on stream next year, writes Beate Schjolberg. The Lundin-operated Luno 2 discovery has come the furthest, with a plan for development and operation due to be filed early next year, chief executive Alex Schneiter sai

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Beate Schjølberg

    New talks on UK pay dispute

    Trade unions and employers in the UK North Sea are to meet for further talks on 20 November to try to avert a strike after workers voted in favour of industrial action in connection with an ongoing pay dispute. The vote, by members of the Unite and GMB trade unions working for companies covered by the Offshore Contractors Association collective bargaining agreement, followed a set of lengthy pay

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Rob Watts

    Travel warning after US missionary is killed in Cameroon

    Cameroon last week called on foreign nationals to avoid travel to the Anglophone Northwest and oil-rich Southwest regions because of clashes between armed rebels and military deployments, asking those who must reside there to notify the military so that protection can be afforded. The announcement came with confirmation of the killing of American missionary Charles Wesco, 44, who arrived in Camer

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Barry Morgan

    Sweeping changes as Qatar reshuffles leadership positions

    Qatar has made sweeping changes to its government, putting a member of the ruling family in charge of state-run Qatar Petroleum (QP) while appointing technocrats to top leadership posts, writes Nassir Shirkhani. The reshuffle, ordered by Qatar's Emir Sheikh Tamim bin Hamad al-Thani, was the first since 2016 in Qatar, the world's top liquefied natural gas producer. The ruler issued decrees restru

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Nassir Shirkhani

    US restores sanctions - but leaves in place a respite for Iran

    The US has restored sweeping sanctions on Iran with the aim of crippling its key oil industry but giving Tehran a respite by temporarily allowing eight countries to keep buying crude from the Islamic Republic, writes Nassir Shirkhani. The new sanctions come after US President Donald Trump tore up Iran’s 2015 nuclear deal in May in what was termed as an attempt to force Tehran to abandon its nucle

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Nassir Shirkhani

    Russia hints at better exploration terms

    Russian Natural Resources & Environment Minister Dmitry Kobylkin has hinted at a plan to relax terms for domestic offshore exploration efforts by state-controlled companies Gazprom and Rosneft. Speaking this week in Moscow, Kobylkin said the ministry is considering extending the maximum timeframe for appraisal and exploration from 10 to 15 years. Licence terms have up to now usually varied betwe

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Vladimir Afanasiev

    Congo-Brazzaville rolls out second licensing phase

    State-owned SNPC offering five offshore, three coastal and five onshore blocks in latest exercise

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Barry Morgan

    Equatorial Guinea up for round

    Equatorial Guinea will launch an offshore round early in March 2019, according to Roberto Blanco, managing director of UK consultancy Perceptum. Perceptum is preparing data sets and assisting the government in promoting the round, which is expected to be launched during a special conference in Malabo. Blanco said a fuller picture will emerge by the end of January, but the round will include all

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Barry Morgan

    ‘No obligation’ to unitise Noaka development area

    Upstream revealed earlier this week that the Norwegian government has decided that a unified development solution for the North of Alvheim (Noaka) area of the North Sea is not required, writes Ole Ketil Helgesen. The ruling followed a stand-off between operators Equinor and Aker BP, which have promoted rival solutions to exploit eight discoveries in the North of Alvheim-Krafla-Askja (Noaka) area

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Ole Ketil Helgesen

    Aker BP holds firm over Noaka hub plan

    Partner to keep driving idea despite losing out on ruling, which may now result in North Sea field stalemate

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Ole Ketil Helgesen

    Subsea players brace for Mamba battle

    Competitors to submit new bids for mega-gas development in Area 4 off Mozambique

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Iain Esau

    Sigh of relief in Colorado

    The oil and gas industry in Colorado can breathe a sigh of relief after voters in the US state rejected the Proposition 112 ballot measure that would have significantly increased setback distances for oil and gas development, writes Kathrine Schmidt. The measure, which failed 57% to 43% according to results from the Colorado Secretary of State, could have put off-limits up to 85% of non-federal l

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Kathrine Schmidt

    Colorado rejects bid to obstruct new drilling

    Proposal to increase distance between oil and gas wells defeated by voters

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Julia Martinez

    Rovuma trains tender bids awaited

    Two consortia are fighting it out to win a potential $10 billion engineering, procurement and construction contract to build two trains for the Rovuma liquefied natural gas project in Mozambique, writes Iain Esau. Upstream reported this summer that a partnership of Japan’s JGC and US-based Fluor is up against the CCS joint venture — comprising Yokohama-based Chiyoda with CB&I (now owned by McDerm

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Iain Esau

    Noble wins drill approval

    Noble Energy of the US has gained approval from Colorado state regulators for a new comprehensive drilling plan that will span 100 square miles (159 square kilometres) in the Denver-Julesburg basin. The proposal will see Noble drill more than 700 wells across 75,000 net acres through 2024. The plan is the first of its kind in the state and was voted on unanimously by the Colorado Oil & Gas Conse

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Julia Martinez

    Lukoil and Eni swap stakes

    Italy’s Eni and Russia’s Lukoil are planning to swap stakes in three shallow-water blocks that the oil explorers won in Mexico’s Round 2.1 bid offering, setting the players up to collaborate on drilling plans that could begin as soon as next March, writes Kathrine Schmidt. Lukoil will take a 20% stake in Eni’s production sharing contracts for Area 10 and Area 14, while Eni will take a 40% stake i

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Kathrine Schmidt

    Ibama director holds line in permitting row

    Amorim fires back at Bolsonaro who wants to reduce environmental restrictions

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Gareth Chetwynd

    Shell to spud at Gemilang

    Anglo-Dutch supermajor Shell is expected to spud imminently a wildcat targeting the Gemilang prospect off Sabah, East Malaysia. The Seadrill drillship West Capella left Singapore in October and was expected to arrive at the Gemilang-1 well location off the north-west coast of the island of Borneo around the start of this month. The drillship will remain on location for around one month. One in

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Amanda Battersby

    Rubicon Offshore in legal action against KrisEnergy

    Floating production contractor Rubicon Offshore has taken legal action against Singaporean independent KrisEnergy. The action relates to a charter agreement from October 2014 between Rubicon and KrisEnergy for the Rubicon Vantage floating production, storage and offloading vessel to be located on the Wassana oilfield in Thailand. KrisEnergy said a Rubicon subsidiary had filed a Part 8 claim form

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Global Mediator

    Australia Pacific and Queensland Curtis sign new deals

    Australia Pacific LNG (APLNG) and Queensland Curtis LNG (QCLNG) have signed new agreements to share infrastructure for their liquefied natural gas projects in Queensland, writes Anamaria Deduleasa. APLNG said the pair had signed long-term infrastructure sharing agreements that will see the Shell-led QCLNG project able to transport and process gas and water from the Arrow Energy Surat basin fields

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Anamaria Deduleasa

    Woodside signs deals to extend Karratha lifespan

    Australian operator-led NWS joint venture clinches tolling agreements covering Browse and Acme-Clio fields

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Josh Lewis

    Roan hit by quake report

    Roan Resources has abandoned hydraulic fracturing operations a well site in the US state of Oklahoma after a 3.4 magnitude earthquake was reported in the area. The company had been directed by state regulators to temporarily stop work, pending an investigation, at the Bridge Creek area well after the quake occurred on Sunday. However, Roan decided to permanently stop all fracking operations at

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Caroline Evans

    US industry eyes more shale deals on horizon

    Further mergers and acquisitions expected, with recent activity viewed as 'tip of the iceberg'

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Caroline Evans

    Tapping into the proven and possible for oil and gas resources

    New book highlights the role of women in the hydrocarbons sector with encouragement for more to join

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Amanda Battersby

    BJ and OHH help out in Houston

    US oilfield operations player BJ Services has teamed up with Houston-based charity Oilfield Helping Hands (OHH) as the pair look to help families in the industry that are in crisis. The partnership between OHH and BJ’s Team BJ Foundation will see the former provide administration support for the latter, including receiving and reviewing applications for assistance and the distribution of funds.

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Eoin O'Cinneide

    CNOOC Ltd eyes development drive at marginal fields

    Chinese operator targets oil and gas fields in South China Sea and Bohai Bay

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Xu Yihe

    ExxonMobil and Chevron shake off downturn

    Shale output and higher oil price help drive strong performances for US supermajors

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Eoin O'Cinneide and Kathrine Schmidt

    Cuadrilla cheers UK fracking gas flow

    UK shale gas explorer Cuadrilla Resources has returned initial quantities of gas to the surface from its hydraulic fracturing operations in northern England and suggests they are “a good early indication of the gas potential” in the area, writes Anamaria Deduleasa. The company recently started fracking operations at its site in Preston New Road, in Lancashire. It already produced its first shal

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Anamaria Deduleasa

    Duvernay double for Baytex

    Canada's Baytex Energy has flowed oil from two new light oil discovery wells in the emerging East Duvernay shale play in Alberta, writes Caroline Evans. The two wells, drilled in the Pembina area of the play, achieved average 30-day initial production rates of about 750 barrels of oil equivalent per day per well, 88% of which was liquids. "I would say the two new wells exceeded our expectations

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Caroline Evans

    Gassco powers on at Nyhamna

    Norwegian player and Enbridge to proceed with studies into wind farm for gas processing plant

    Weekly  upstreamonline.com 08 Nov 23:00 GMT Ole Ketil Helgesen