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  • Colombian pipeline blast causes fire, oil spill

    Pipeline belongs to Canadian oil company Gran Tierra Energy in southern Colombia

    Online  upstreamonline.com 19 Oct 22:50 GMT Reuters

    Oil rises, still posts weekly loss

    Prices down since hitting four-year highs in early October

    Online  upstreamonline.com 19 Oct 22:12 GMT Reuters

    Restart for damaged Enbridge line seen next month

    Crews prepare British Columbia blast site for construction work

    Online  upstreamonline.com 19 Oct 18:20 GMT Caroline Evans

    Texas adds eight rigs

    Eagle Ford play in the state added two rigs last week

    Online  upstreamonline.com 19 Oct 17:33 GMT Julia Martinez

    Oil set for weekly loss

    Rising US inventories, trade wars dent gains driven by signs of surging Chinese demand

    Online  upstreamonline.com 19 Oct 16:40 GMT Reuters

    Mystery sellers market Arkoma assets

    Core Energy Advisors hired to market more than 67,000 net acres in Oklahoma play

    Online  upstreamonline.com 19 Oct 16:07 GMT Caroline Evans

    Schlumberger profit up on international ops

    Pace of growth in international markets outpaces North America, where company warns of 'challenges'

    Online  upstreamonline.com 19 Oct 12:54 GMT Eoin O'Cinneide

    Bilfinger set for union talks over Culzean claims

    Services provider denies allegations Unite representatives were taken off hook-up job for supporting worker action

    Online  upstreamonline.com 19 Oct 08:34 GMT Eoin O'Cinneide

    Faroe spuds Rungne wildcat

    Drilling starts on exploration well off Norway

    Online  upstreamonline.com 19 Oct 07:09 GMT Josh Lewis

    Aker BP posts profit rise

    Oil price hike boosts Norwegian independent in Q3 as Gekko appraisals also yield results

    Online  upstreamonline.com 19 Oct 07:02 GMT Eoin O'Cinneide

    Ophir to spud Indonesian well

    Exploration well to commence drilling within the next 24 hours

    Online  upstreamonline.com 19 Oct 06:32 GMT Josh Lewis

    Melbana exits NZ permit

    Company to focus on Cuban and Australian assets

    Online  upstreamonline.com 19 Oct 04:30 GMT Josh Lewis

    Freeport-McMoRan takes Rowan jack-up

    US independent hires unit for one-well campaign in US Gulf of Mexico

    Online  upstreamonline.com 18 Oct 22:47 GMT Caroline Evans

    Oil dips on escalating US-China trade war

    Lower global economic growth forecasts, crude storage buildup hit prices

    Online  upstreamonline.com 18 Oct 22:24 GMT Reuters

    Proppant players cut workforces

    A rapidly declining market for proppant in major US basins has led some suppliers to reduce staff in recent weeks. Most recently, Canadian outfit Select Sands said this week it had furloughed more than two dozen workers at its Sandtown facility in Arkansas. The Vancouver-based company said 26 employees were affected by the temporary measure "until further notice". Meanwhile, local media reports

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

    Bakken production expected to keep climbing

    Production from prolific US shale play reaches new record high in month of August, with further increases expected in the remainder of the year

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

    Nine Energy Service in deal to buy Magnum

    US oilfield services provider Nine Energy Service has agreed an acquisition worth nearly $500 million less than a year after it went public. The company is buying Magnum Oil Tools International for $334 million in cash and 5 million shares of Nine common stock valued at $159 million. The deal also allows for potential future contingent payments to Magnum. Nine intends to fund the deal with the

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

    Aspen plans Texas pipeline

    Private US player Aspen Midstream is planning to build a new pipeline system to service the growing Austin Chalk play of east Texas. The Encap Flatrock Midstream-backed company aims to develop a large-diameter residue pipeline as well as a lean and a rich gas gathering system in the Giddings field in Texas. The system is supported by about 150,000 acres offering long-term dedicated supply from mu

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

    Two battling for MJ SURF job

    McDermott and TechnipFMC believed to be fighting to land subsea job for Reliance project at prolific KG-D6 block off India

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

    Aker BP takes over at King Lear

    Norwegian operator takes Equinor's stake in North Sea find for $250 million

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

    Deep-water oil has potential but gas offers alternative prize

    The US Energy Administration calculates that sanctioned and unsanctioned deep-water schemes off Nigeria might raise an additional 1.1 million barrels per day of oil, but with proven reserves of 192 trillion cubic feet, natural gas presents an alternative prize, writes Barry Morgan. However, without a robust and universal distribution system demand is hard to calculate, says Shell Nigeria Gas mana

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

    Egina and Preowei data hunt

    French major Total is on the hunt for seismic contractors to gather sub-surface data over its Egina and Preowei fields off Nigeria, writes Iain Esau. The surveys required are 3D and 4D node acquisitions covering an area of about 279 square kilometres in OML 130, where the Egina floating production, storage and offloading vessel is about to come onstream and Preowei is viewed as a subsea tieback t

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

    Norway deals just keep on coming

    In the week that Aker BP bought Equinor's King Lear stake, the transaction market is showing no signs of slowing down

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

    Oil market risk rises amid Saudi tension

    For decades Saudi Arabia has been a byword for political stability and conservatism, which made it into a reliable source of energy to international markets. That role is now under severe strain amid the sweeping powers of maverick Crown Prince Mohammed bin Salman, who is effectively running the desert kingdom as an ailing King Salman takes a back seat. The apparent murder of Washington Post c

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

    Fracking is still fraught

    Cuadrilla Resources this week ended the hiatus in hydraulic fracturing in the UK that has been in place since 2011, when use of the technique was halted following earth tremors that were linked to the company’s earlier operations, writes Mark Hillier. It would be wrong to ignore the progress that the resumption of fracking in England means for Cuadrilla and other proponents of the technique in th

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Mark Hillier

    Offshore rig market recovery set to fall far short of highs seen before 2014 crash

    Ever since crude began its steep decline in late 2014 towards $25 a barrel, the rig market has been crying out for significant consolidation as oil companies largely hit the brakes on drilling work. Four years later the rig sector has certainly delivered in terms of eye-catching deals, culminating in the merger this month of Rowan and Ensco, which followed Transocean’s purchase of Ocean Rig. As

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

    YPF in talks with Exmar over FLNG facility

    Charter discussions over barge-based liquefaction and storage facility at Bahia Blanca

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Gareth Chetwynd

    OMV campaign is approved

    OMV has been granted approval from the New Zealand environmental regulator for its planned multi-well exploration and appraisal programme off Taranaki. The Austrian operator has also been granted a two-year extension of its drilling commitment in the frontier Great South basin, where it operates Block PEP 50119. The environmental approval relates to a programme of up to nine exploration wells an

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

    Revised development plan filed for IDD project

    Chevron submits new document to authorities in Indonesia for scheme to exploit Gendalo, Gehem and Gandang fields

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

    Platforms under way for Lukoil

    Private Russian oil producer Lukoil has started construction of the production and living quarters platforms that will be used in its development of the Rakushechnoye field in the Caspian Sea, writes Vladimir Afanasiev. Lukoil expects that Moscow-based fabrication contractor CNGS Engineering will be able to complete construction of the two platforms by October 2022, with oil and gas production fr

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

    No bids in Sila Sibiri line pipe tender amid price concerns

    A tender by Russian gas giant Gazprom for the supply of large diameter pipes for the second phase of its Sila Sibiri gas export pipeline is reported to have received no bids, writes Vladimir Afanasiev. In a quickly arranged tender that was announced in early September, Gazprom said it was prepared to pay a total of 47.4 billion roubles ($700 million) for pipes that are required to be laid along t

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

    CIMC Raffles set for Tortue-Ahmeyim job

    Chinese yard set to provide jack-up accommodation and utilities platform for $17 billion FLNG project

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

    Gazprom Neft to firm up plans for Neptune find

    Russian oil producer set to decide on development solution next year after drilling Bautinskaya structure in same block

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Ole Ketil Helgesen

    Equatorial Guinea is pushing for progress

    Upstream activities in Equatorial Guinea have been at something of a standstill in recent years with mixed results on development projects and little exploration under way, writes Iain Esau. Production from mature fields — ExxonMobil’s Zafiro, Marathon Oil’s Alba. plus Kosmos Energy’s Ceiba and Oveng-Okume — continues, augmented by output from Noble Energy’s Aseng and Alen fields. However, oil o

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

    Beacom in the right place to reap the rewards in Romania

    Chief executive of Black Sea Oil & Gas aiming to unlock Midia block in under-exploited offshore sector

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

    Operators concerned about Colorado's Proposition 112

    The oil and gas industry in the US state of Colorado is closely watching a state measure that would increase setback distances between wells and buildings, and could potentially shut in production for some operators at new developments. Under Proposition 112, new oil and gas developments would have to be located a minimum of 2500 feet from urban areas, staying clear of residences, schools, hospit

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

    Caerus looks to Mancos play

    US conventional producer set to move into tight oil and gas with target in formation of Piceance basin

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

    Players in US Gulf venture

    Brazilian state-controlled company Petrobras and US independent Murphy Oil are joining forces to create a joint venture in the US Gulf of Mexico in a deal potentially worth more than $1 billion, writes Fabio Palmigiani. As part of the transaction, both companies will contribute with their producing oil and gas assets in the region, with Murphy overseeing operations with an 80% stake in the new co

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

    Fulmar A platform to take up new export role

    Facility to be used as part of Greater Fulmar Area hub after ceasing production from the Fulmar field itself

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Rob Watts

    BP sets schedule for the next phase at Azeri giant

    UK supermajor eyeing front-end engineering and design for Azeri-Chirag-Guneshli in Caspian after it takes a final investment decision

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Kama Mustafayeva

    Cooper planning campaign

    Australian independent Cooper Energy has started planning a potential multi-well offshore drilling campaign in south-east Australia's Otway and Gippsland basins, writes Russell Searancke. In its latest quarterly financial results, the company alluded to potential drilling of a development well at its Henry pre-development project in the Otway basin and two exploration wells in the nearby Block Vi

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

    Gazprom pipeline approval

    State-controlled Russian gas monopoly Gazprom has been given government backing to continue spending billions of dollars on building new pipelines, with the Cabinet approving the company's plan for development of the trunk infrastructure network to 2024, writes Vladimir Afanasiev. The plan foresees Gazprom building third phases of the Bovanenkovo-Ukhta and Ukhta–Torzhok trunk gas pipelines alongs

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

    Azeri parliament gives approval for drilling at Block D230

    The parliament of Azerbaijan has given UK supermajor BP approval to start exploration work on offshore Block D230, writes Kama Mustafayeva. BP signed a production sharing agreement with state-owned oil company Socar covering the block in April. As operator, BP plans to begin exploration next year in D230, which covers an area of 3197 square kilometres in the northern portion of the Azeri sector

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Kama Mustafayeva

    Bid delay for Eurasia stake

    The Russian government commission on foreign investments, headed by Prime Minister Dmitry Medvedev, has delayed a decision on a proposal from international oilfield services giant Schlumberger to take a stake in Russia's Eurasia Drilling. At a meeting of the commission last week in Moscow, representatives of Russian ministries reportedly agreed with a set of conditions that Schlumberger should co

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

    QP to operate ISND field after Occidental's exit

    State-owned Qatar Petroleum to take over at Idd El-Shargi North Dome once US player's contract expires next year

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

    Videocon assets up for grabs

    The creditors of India’s cash-strapped Videocon Oil Ventures have invited expressions of interest for the company’s overseas upstream assets, writes Amanda Battersby. Up for grabs are exploration and production interests in Indonesia, Brazil and in the Joint Petroleum Development Area (JPDA) between Timor Leste and Australia. A consortium of 17 banks, led by State Bank of India, is looking to re

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

    Crondall signs on at Cambo

    UK-based Crondall Energy has secured a frame agreement contract with Siccar Point Energy to provide support on the private equity-backed operator’s Cambo development to the west of the Shetlands, writes Rob Watts. Crondall said the agreement initially covers the identification and evaluation of FPSO options for the project and pre-front-end engineering and design technical assurance of the subsea

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Rob Watts

    Alpha signs up Petrojarl Varg for its Cheviot field

    Agreement with Teekay to use FPSO on North Sea development as sanction expected in fourth quarter

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Rob Watts

    FPSO bound for Lancaster

    The upgraded Aoka Mizu floating production, storage and offloading vessel has set sail for Europe where it is intended to produce oil in an early production phase at Hurricane Energy’s Lancaster development in UK West of Shetland waters. Hurricane confirmed that the Bluewater-owned FPSO had left the Drydocks yard in Dubai where it underwent repair, upgrade and life extension work. The vessel wil

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

    Oceaneering and JDR in battle to secure CNOOC Ltd job

    Houston-based Oceaneering and UK-based cables supplier JDR are in a two-way race for contracts from Chinese operator CNOOC Ltd to provide umbilicals and flexible pipelines for the Liuhua oil development in the Pearl River Mouth basin of the South China Sea, writes Xu Yihe. Bids were apparently originally opened in June, with sources suggesting that JDR offered the lowest bid at $18 million for th

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

    Petrobras to log on to view bids for wireless well data

    Oilfield services companies to file tenders to provide Campos and Santos basin reservoir information remotely

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

    Shell eyeing stake in Lingshui

    Supermajor in talks with operator CNOOC Ltd about potential co-operation at gas development in South China Sea

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

    Creating a path towards a stronger home base

    Norway’s Agency for Development Cooperation (Norad) has spent much effort organising workshops across Africa, often led by the charismatic Willy Olson, formerly head of Statoil UK and senior advisor to Norwegian Oil & Gas Partners (Intsok), prescribing strategies and warning of pitfalls, writes Barry Morgan. Norway has blazed the trail, says Kwame Acquah, managing drector of Ghanaian contractor R

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

    SeaOne’s new route for gas

    Houston-based SeaOne has introduced a technology that the company claims can deliver West Africa’s remote, stranded gas reserves of up to 5 trillion cubic feet using basic processing technology at a quarter of the cost of mainstream LNG refrigeration while delivering twice the volume, writes Barry Morgan. Using the company’s patented compressed gas liquids technology, SeaOne offers the possibilit

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

    Floaters central to anchoring key developments

    With three floating production, storage and offloading vessels currently on stream and two more likely to be in the offing, Ghana appears to be West Africa’s current FPSO hot spot, writes Iain Easu. Two floaters on Tullow Oil’s Jubilee and Ten fields are expected to produce about 180,000 barrels per day between them in 2019, and they were joined last year by Eni’s Sankofa-Gye Name vessel. Tokyo-

    Focus Editions  upstreamonline.com 18 Oct 22:00 GMT Iain Esau

    Pressure for local content

    With gas from Eni’s 1.45 trillion cubic feet non-associated Sankofa-Gye Nyame gas field complex on the Offshore Cape Three Points (OCTP) block on stream since July and ramping up through to 2028, pressure is on Ghanaian officials to pass a comprehensive gas bill next year to provide dedicated exploration and production incentives, writes Barry Morgan. The OCTP gas development plan has just been a

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

    Big Oil poised for a scramble as tasty looking acreage on offer

    Senegal President Macky Sall knows he cannot get a full draft of the long-awaited petroleum law presented to Parliament before the end of the year, but will instead start a series of roadshows next month designed to prefigure provisions devoted to local content and local participation, writes Barry Morgan. Sall will stress the need for indigenous downstream players to step up to the plate, while

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

    President launches new Ghana licensing round

    Leader Nana Akufo-Addo kicks off auction of acreage, but only three of nine blocks on offer will go through open tender

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

    Acreage contracts finalised

    US supermajor ExxonMobil and its partners have finalised concession contracts in Mozambique for three offshore licences in the Angoche and Zambezi basins. Three years after being selected as the preferred bidder, a group comprising ExxonMobil and Russia’s Rosneft have finally agreed terms with the Ministry of Mineral Resources & Energy for areas A5-B, Z5-C and Z5-D. Mozambique’s government is al

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

    Seismic specialist lands jobs

    Norwegian seismic specialist Shearwater GeoServices has been awarded a pair of contracts for separate 3D seismic surveys in South-East Asia and the Mediterranean Sea. The South-East Asia survey, which will be carried out for an an unnamed player, will cover 8000 square kilometres and be performed by the vessel Polar Duchess. The contractor, a 50:50 joint venture between Oslo-listed GC Rieber Shi

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Steve Marshall

    Hess work for Barakah

    US independent Hess has awarded Malaysian contractor Barakah Offshore a five-year contract to provide maintenance, construction and modification services on its assets off Peninsular Malaysia. The contract, which will run from 2018 to 2023, will see Barakah carry out maintenance, construction and modification work for structures and facilities for Hess’ oil and gas fields. Barakah said the value

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Mark Hillier

    Eni lines up Kanase-1 well off Timor-Leste

    Italian giant contracts semisub to mobilise early next year for one firm probe with option for a second

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

    Equinor opens up Oseberg H

    Norwegian operator Equinor has turned on the taps at the Oseberg Vestflanken 2 project, the country’s first field to be developed with an unmanned wellhead platform, writes Beate Schjolberg. The new Oseberg H platform is the first of a new generation of simple wellhead platforms to come on stream off Norway. Their main function is to save costs by allowing well equipment to be positioned on the s

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

    Contractors hope for tougher regulations

    Ghanaian contractors are counting on beefed up local capacity and tougher regulations to help indigenous companies get a fair share of renewed oil and gas activity in the country, writes Barry Morgan. Scott Thomson, operations director for local contractor Harlequin International, part of an oil and gas group that aims to expand regionally, hopes to see a significant rise in engineering work as t

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

    Eni awards Modec letter of intent for Amoca FPSO

    Japanese specialist set to provide and operate floater for Italian giant's development in Area 1 off Mexico

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Steve Marshall

    Enbridge restarts line in British Columbia after explosion

    Canadian pipeline operator Enbridge has restarted a natural gas transmission line in British Columbia that was shut in as a precaution after an adjacent line was rocked by an explosion last week. The company said it had received approval from Canada's National Energy Board on 10 October to restart the 30-inch line, and began a multi-hour process to return it to service. "This restart approval fo

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

    Winds of change at Scottish Power

    Scottish Power is on course for a 100% renewable energy future after shedding its final fossil fuel assets. The utility is set to become the UK’s first energy company to generate all of its electricity from wind following the sale of its last gas and hydroelectric assets to Drax for £702 million ($925 million). Scottish Power chief executive Keith Anderson said: “We are leaving carbon generation

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

    Going with the flow...

    Impact Oil & Gas has named Siraj Ahmed chief executive, while Geraldine Murphy has left the board Australian independent Tap Oil has appointed Chris Newton as chairman, replacing Damon Neaves Upstream Production Solutions has appointed Mick Evans regional manager for Western Australia Keiji Magase has replaced Keiji Miyake as America & Africa E&P general manager at Inpex, with the latter moving

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

    Sevan gets a name change

    Sevan Marine is no more. But no need for shareholders of the Norwegian company to unduly worry, as it has merely changed name – to Magnora ASA. The Oslo-listed outfit started trading on Monday under the new name and ticker MGN. The name change was voted through at an extraordinary general meeting at the end of last week, with a number of amendments to the Articles of Association, one reading: “T

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

    Gazprom seismic deal

    Russian gas monopoly Gazprom has awarded a new contract to state-owned service provider Rosgeologia to shoot 3D seismic data on the shallow- water North Kharasaveysky block in the Kara Sea. According to Gazprom, Rosgeologia will collect some 1875 square kilometres of 3D data during the ice-free season in the Kara Sea in 2019 under a 924 million rubles ($14.2 million) contract. Gazprom said that

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

    Topsides to be installed as D28 nears first oil for Petronas

    Malaysia’s state-owned oil and gas company Petronas expects to achieve production start-up in November from its shallow-water D28 field off Sarawak, writes Amanda Battersby. The wellhead platform’s topsides has sailed away from local contractor OceanMight’s Kuching yard and is set to be installed later this month. OceanMight also built the platform’s jacket, which was installed in August at the

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

    Vermilion in Wandoo push

    Vermilion Energy is absorbed in an offshore drilling campaign at its Wandoo oilfield in Western Australia. The Canadian operator has the jack-up rig Ensco 107 on contract for two wells with completion planned later in the year. The drilling effort is aimed at bringing production back up to a level approaching 6000 barrels per day of oil — current output is around 4100 bpd. Production at Wandoo

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

    McDermott to build storage tanks

    US contractor McDermott has been awarded a contract worth up to $50 million to build storage tanks in Texas that will receive oil from the Permian basin. McDermott said its CB&I Storage Tanks division has landed the engineering, procurement and construction deal from an unidentified client for three external floating-roof tanks to be situated in Taft, Texas. McDermott said the contract value is

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

    Fafalu 2D shoot to tap under-explored onshore potential

    An onshore seismic acquisition campaign is under way in Timor-Leste across the country's two existing petroleum permits. The Fafulu 2D seismic survey will cover 308.4 kilometres across Blocks TL-OT-17-08 and TL-OT-17-09. The two permits were awarded in April last year to a 50:50 joint venture between Timor-Leste’s national oil company Timor GAP and Timor Resources, part of the Nepean Group. It i

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

    Public to get chance to comment on huge seismic proposal

    Members of indigenous groups in Canada and the general public have until the end of this month to submit their comments on a huge proposed seismic data gathering campaign off Nova Scotia, writes Iain Esau. Multi-Klient Invest (MKI), a wholly owned subsidiary of Petroleum Geo-Services (PGS) has entered into an agreement with TGS to carry out this work between 2019 and 2028. MKI’s outline descripti

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

    Able nets major contract to dispose of platforms

    UK yard scoops work outside of Europe as it is handed deal to decommission seven units from Canadian project

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Rob Watts and Iain Esau

    Drilling plans in spotlight

    The Canadian Environmental Assessment Agency (CEAA) started evaluating comments late last week filed by the public and indigenous groups on a plan by ExxonMobil to drill multiple wells off south-east Newfoundland, writes Iain Esau. After scrutinising these comments, the agency will decide whether an environmental assessment is required. ExxonMobil wants to secure approval to drill multiple probe

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

    ONGC to buy 27 onshore rigs to replace old units

    Indian giant launches tender to acquire raft of new drilling units, with offers to be submitted by 14 November

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

    Nigeria plans gas strategy

    Nigeria aims to develop gas resources beyond the traditional plays of the Niger Delta, spurred on by construction of the proposed Ajaokuta-Kaduna-Kano gas pipeline to develop industrial and domestic consumption, writes Barry Morgan. Minister of State for Petroleum Resources Ibe Kachikwu’s technical adviser on upstream and gas, Gbite Adeniji, told the Nigerian Gas Association conference this week

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

    Pompeo in Khashoggi case meetings

    Saudi Arabia plays up 'vital role in global economy' as US Secretary of State talks with Turkish President

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

    Protests as Cuadrilla begins UK fracking

    Shale explorer Cuadrilla Resources has restarted fracking operations in the UK for the first time since 2011 in the same week that three campaigners jailed for protesting against its operations were freed on appeal after a judge ruled an initial sentence imposed on them was excessive, writes Anamaria Deduleasa. Simon Roscoe Blevins, Richard Roberts, and Richard Loizou were convicted of causing a

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

    Bolsonaro thought to be mulling oil policy reform as lead widens

    Brazil’s far-right presidential candidate Jair Bolsonaro is seen as remaining on course for an emphatic election victory ahead of a second round of voting on 28 October, as leaks from his campaign suggested that he has some ideas for reforming oil policy, writes Gareth Chetwynd. A survey published on 15 October by Brazil’s Ibope polling institute put Bolsonaro with 59% of voter support, 18 percen

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Gareth Chetwynd

    Carlyle buys EnerMech

    US-based Carlyle Group has acquired services company EnerMech Group from fellow private equity player Lime Rock Partners, writes Anamaria Deduleasa. Aberdeen-based EnerMech, which employs 3500 staff, works on large-scale projects across the oil and gas, liquefied natural gas, renewables, defence, power, infrastructure and petrochemicals sectors. Under the deal, Carlyle will support EnerMech’s pl

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

    Riley calls off $100 million IPO - after less than a week

    US oil company Riley Exploration-Permian has called off a $100 million initial public offering less than a week after announcing its plans to go to the market. The Oklahoma City-based private company said this week the attempt at a flotation is being delayed "as a result of unfavourable equity market conditions”. The company, which is focused on the prolific US shale patch of the Permian basin,

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

    Petrobras and CNPC join forces at Marlim

    Chinese player takes stakes in four Campos basin fields after alliance deal

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

    Oil dips as US inventories rise

    Brent loses almost $4 in a week as US crude inventories stand about 2% above five-year average

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

    M&P moves on Urdaneta

    Pertamina-controlled French upstream player Maurel & Prom has confirmed it is working on plans to acquire Shell’s stake in the producing Urdaneta West oilfield in Venezuela. Maurel & Prom has signed a share sale and purchase agreement with Shell to acquire for some 70 million Euros (US $46.2 million) the Anglo-Dutch supermajor’s 40% interest in Urdaneta West, which it describes as having “large r

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

    Woodside staying on target at Browse

    Independent begins concept definition work and issues pre-qualification for FEED phase

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

    Anadarko secures new Mozambique offtake

    Anadarko Petroleum has secured a new offtake agreement for its proposed Area 1 liquefied natural gas project in Mozambique, writes Eoin O'Cinneide. Japan’s Tohoku Electric Power has committed to taking a maximum of 280,000 tonnes per annum of LNG from the Gonfinho-Atum (Dolphin-Tune) scheme, which remains on track for a final investment decision in the first half of next year. The deal, which fo

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

    Total and Adani Group team up to move on Indian LNG plants

    French supermajor Total has teamed up with Indian conglomerate Adani Group to jointly develop new liquefied natural gas import facilities, including the latter’s planned Dhamra project, writes Amanda Battersby. Adani has embarked on the 5 million tonnes per annum Dhamra LNG import project in the state of Odisha on India’s east coast, which is targeting operational start-up in the second half of 2

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

    Nigeria needs to get oil and gas reforms on the books, and soon

    Long delays to crucial legislation are causing problems for investors but there is a case to be made for the latest postponement

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

    Tide begins to turn for West Africa

    After years of stagnation, development activity is picking up

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

    Ghana in gear for fresh trip offshore

    Door opens for explorers to pitch for acreage for first time since reforms

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

    Nigeria looks to get the LNG train back on track

    Long-stalled project is back on the table amid calls to get value chain working

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

    Imports of gas set to double

    China’s Petrochina International has agreed to double its rate of gas imports from Kazakhstan from January 2019 in anticipation of commissioning of additional gas pumping stations to increase its exporting capacity, writes Vladimir Afanasiev. According to Kazakhstan's state-owned gas pipeline operator KazTransGaz, it has signed an agreement with Petrochina to increase gas deliveries to China to 1

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

    $1.9 billion deal sees Shell exit Denmark

    Supermajor agrees sale of assets to Norway's Noreco

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

    Equinor lines up seismic

    NORWEGIAN operator Equinor is planning to acquire 3D seismic data using ocean-bottom node (OBN) technology on Carcara, a huge pre-salt discovery in Brazil’s Santos basin, writes Gareth Chetwynd. Environmental permitting applications outline plans for a proprietary survey covering the part of the Carcara field located on the BM-S-8 concession and also North of Carcara, a contiguous area located on

    Weekly  upstreamonline.com 18 Oct 22:00 GMT Gareth Chetwynd

    PNG gets in the fast lane for Apec

    Papuans driven to distraction by arrival of supercars as country gears up to high-powered summit

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

    PNOC returns with fresh tender for Philippines import scheme

    State-owned Philippine National Oil Company (PNOC) is again looking for majority partners for a proposed liquefied natural gas import project in which it would take a minority stake, writes Amanda Battersby. PNOC president Reuben Lista said that recent interest has been shown by a consortium including Chevron, Jera and NYK, from Lloyds Energy and partner China Kaicheng Energy, and by a couple of

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

    Permian DUCs are on the rise

    The number of drilled but uncompleted wells in the prolific Permian basin in the US has almost doubled over the past year, as producers defer completions to cope with low regional prices driven by limited takeaway capacity, writes Julia Martinez. From July to August, the Permian added 211 DUCs to bring the total to 3630, according to data from the Energy Information Administration. That figure ha

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