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  • North Dakota reaches record output in December

    State currently has 65 rigs operating

    Online  upstreamonline.com 15 Feb 21:51 GMT Julia Martinez

    AMLO rolls out Pemex 'rescue' package

    Analysts say plan insufficient to change trajectory of state-led oil company

    Online  upstreamonline.com 15 Feb 20:24 GMT Kathrine Schmidt

    Wyoming leads US rig count gains

    State added three rigs in the last week

    Online  upstreamonline.com 15 Feb 18:55 GMT Julia Martinez

    Gazprom's Miller hints on new subsea gas pipeline

    Export pipeline will run across Black Sea as EU rushes to approve new incoming gas line rules

    Online  upstreamonline.com 15 Feb 18:11 GMT Vladimir Afanasiev

    EIA adds new plays to production metrics

    US agency to include information from seven more unconventional plays

    Online  upstreamonline.com 15 Feb 17:16 GMT Caroline Evans

    Brent crude hits 2019 high above $65

    Price rise: for crude

    Online  upstreamonline.com 15 Feb 15:45 GMT Reuters

    US sanctions Venezuelan oil minister

    Treasury Department slaps measures on head of PDVSA as well as four others close to Maduro

    Online  upstreamonline.com 15 Feb 15:27 GMT Eoin O'Cinneide

    Anadarko inks another Mozambique LNG deal

    US giant signs sale and purchase agreement with India’s Bharat Gas Resources

    Online  upstreamonline.com 15 Feb 14:30 GMT Anamaria Deduleasa

    Two in race for Mero 2 FPSO prize

    Petrobras receives bids for second large unit to operate in Santos basin pre-salt field

    Online  upstreamonline.com 15 Feb 14:13 GMT Fabio Palmigiani and Gareth Chetwynd

    Eni hits the fast track off Abu Dhabi

    Italian major sets out drilling plans with partner PTTEP for blocks awarded last month

    Online  upstreamonline.com 15 Feb 13:32 GMT Iain Esau

    KNOC and Equinor to study floating wind

    Norwegian giant and state-run player to co-operate on development of renewables projects in South Korea

    Online  upstreamonline.com 15 Feb 12:41 GMT Simon McKenzie

    Ghadhban rings changes at Iraqi ministry

    New deputy ministers of upstream affairs and gas affairs named in Baghdad

    Online  upstreamonline.com 15 Feb 11:30 GMT Reuters

    Aramco partly shuts Safaniyah after power cable cut

    Saudi Aramco has partially shut its Safaniyah offshore oilfield after a main power cable was cut by a vessel's anchor, a source familiar with the matter said on Friday. The shutdown occurred about two weeks ago, the source said, adding that there has been progress in repairs. The source said the situation was "under control." All of Saudi Aramco's facilities and operations including the Safaniya

    Online  upstreamonline.com 15 Feb 09:37 GMT Reuters

    Equinor hits oil at Bergand

    Norwegian player makes ‘minor oil discovery’ near the Fram field in the North Sea

    Online  upstreamonline.com 15 Feb 09:13 GMT Anamaria Deduleasa

    IGas finds Bowland shale with second well

    UK explorer encounters better results with latest well in three-wells programme

    Online  upstreamonline.com 15 Feb 08:51 GMT Anamaria Deduleasa

    Wellesley in Songesand duster

    Wildcat off Norway comes up dry despite finding some traces of gas

    Online  upstreamonline.com 15 Feb 08:46 GMT Josh Lewis

    Eni posts higher profits

    Exploration and production segment helps lift overall results

    Online  upstreamonline.com 15 Feb 07:01 GMT Josh Lewis

    PTTEP adds to domestic assets

    National outfit takes Apico stake

    Online  upstreamonline.com 15 Feb 03:00 GMT Amanda Battersby

    Doriemus sells down Horse Hill interest

    Company to instead focus on closing farm-in deals in Western Australia

    Online  upstreamonline.com 15 Feb 02:57 GMT Josh Lewis

    Hilcorp spuds in Texas

    Operator in the hunt for more success following strike at Lightning

    Online  upstreamonline.com 15 Feb 01:32 GMT Josh Lewis

    Equinor, Orsted in NYC offshore wind bid

    Consortia submit offers to provide power from wind farms off Long Island

    Online  upstreamonline.com 14 Feb 23:54 GMT Reuters

    Oil prices edge higher as Wall St recoups losses

    Worries over US retail spending put downward pressure on commodities

    Online  upstreamonline.com 14 Feb 23:46 GMT Reuters

    Global Witness puts Soco's Congo-B deal in spotlight

    Investigative group calls on UK authorities to probe sale of block to company with links to President Nguesso

    Online  upstreamonline.com 14 Feb 23:02 GMT Iain Esau

    Duo face-off for ONGC floater

    Modec and grouping of Shapoorji and Bumi Armada left in race for KG-DWN-98/2 project's FPSO

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Nishant Ugal

    Plans for Kashagan changed

    Partners in Kazakhstan’s giant Kashagan development have scrapped plans for a $5 billion gas compression and re-injection scheme in favour of a less costly plan to increase raw gas injection at the field, writes Kama Mustafayeva. North Caspian Operating Company (NCOC) consortium member KazMunaiGaz also said the group will extend the first phase of the development to 2023, two years longer than th

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Dana to drill at Merak

    Abu Dhabi-listed Dana Gas is poised to drill its long-awaited deep-water Merak exploration well off Egypt in the next quarter. Chief Executive Patrick Allman-Ward said Dana was finalising commercial negotiations to charter a drillship for the job at the North El Arish concession. "We expect to spud the well in April or May. It could take up to 60 days to drill," he told Upstream. Dana hopes to

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Colombia starts new oil and gas bid process

    Regulator approves changes to contracts and licensing auctions

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Julia Martinez

    Frontera agrees farm-in deal

    Canadian independent Frontera Energy has farmed into the VIM-1 block in Colombia after striking a deal with Parex Resources. Under the agreement, Frontera will receive a 50% working interest in the Lower Magdalena Valley basin. In exchange, the company will fund 100% of the initial $10 million of drilling, testing and completion costs of the La Belleza-1 exploration well, Frontera said. Parex w

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Cameroon and US at odds over alleged violations

    Cameroon has denied accusations that US military assistance has been used to commit human rights violations while battling Islamist terror networks on the northern frontiers with Nigeria and Chad, or in the oil-rich south-west where an Anglophone secessionist uprising is in full swing. “While we have acknowledged instances of human rights violations, they have been investigated and prosecuted thr

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    PDVSA pressures partners to commit

    State-run Venezuelan company seeks assurances from joint venture players that they will continue to invest in the country despite recent upheavals

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Fabio Palmigiani

    Nigeria's gas flaring in spotlight as contractual troubles continue

    Nigeria has been accused of failing to show the necessary commitment to end gas flaring and even encourages the practice by failing to insist on adequate infrastructure ahead of oil development approvals, writes Barry Morgan. Nigerian Electricity Regulatory Commission chairman Ransome Owan told the Nigeria International Petroleum Summit in Abuja that the Nigerian National Petroleum Corporation (N

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Oil fund proposal in Kenya

    Kenyan lawmakers have drafted a Sovereign Wealth Fund Bill that aims to divide anticipated oil revenues into three streams to insure against budgetary shocks, capitalise infrastructure development and build a savings base for future generations. With a holding account in the Central Bank, the proposed fund will act as a repository for upstream oil profits as well as royalties and licence fees. S

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Equatorial Guinea to launch April round

    Equatorial Guinea is set to launch a licensing round on 1 April that will offer gas-rich Block R, which was operated by Ophir Energy until the end of last year when the licence lapsed, writes Barry Morgan. The London-based player had hoped to secure an extension to the block in an effort to commercialise more than 2 trillion cubic feet of gas held in its deep-water Fortuna complex. However, Mine

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    New roles in Angola

    Angola's President Joao Lourenco has appointed Jose Alexandre Barroso as his new Secretary of State for Petroleum, replacing Paulino Fernando de Carvalho Jeronimo who becomes chief executive of the fledgling National Agency for Oil & Gas (ANPG). In addition to Jeronimo, Lourenco appointed four other members to the board of ANPG which is tasked with the oversight of exploration contracts. The new

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Senegal moves forward with local content rules

    President racing to get laws in force to speed oil and gas industry projects in the country

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Barry Morgan

    3D survey plan for Erha

    ExxonMobil plans to gather 3D seismic data over its deep-water Erha and Erha North fields off Nigeria. Data acquired during the planned survey in OML 133 will be incorporated into a 4D model the supermajor has been building on the two fields in an effort to enhance production and reservoir management. This survey is set to start by the end of this year and cover more than 280 square kilometres i

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Morocco double for SDX

    North Africa-focused SDX Energy has landed two new licences in Morocco along with commitments to shoot fresh 2D seismic and drill two wells. SDX will hold a 75% operating interest in the Moulay Bouchta West licence, covering some 458 square kilometres where it must reprocess existing 2D data, acquire an additional 100 square kilometres of new 3D seismic and drill one well before mid-2022. It wil

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Sierra Leone set for seismic

    Sierra Leone’s Petroleum Directorate will work with UK geophysical consultancy GeoPartners to run a new 2D seismic survey to support all acreage offered under its fourth offshore licensing round planned for later this year. Set to comprise in excess of 9000 kilometres of new data, the survey will begin after completion of all necessary regulatory approvals with a subset eventually to be made avai

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Rosebank set for new plan

    Norway's Equinor has confirmed it will ditch previous operator Chevron’s development plan for the challenging Rosebank field in the UK West of Shetland area in favour of a solution centred on a slimmed down floating production, storage and offloading vessel and subsea infrastructure, write Ole Ketil Helgesen and Rob Watts. After months of speculation over what course Equinor would take since it m

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Calls for shake-up in Brazil's contracting format

    Exmar’s problems in turning its winning bid for Brazil's Buzios-5 floating production, storage and offloading vessel into a contract may be seen by many industry insiders as linked to perceptions of a low-priced bid, write Gareth Chetwynd and Xu Yihe. However, Modec’s growing dominance in recent FPSO tenders — plus the appearance of just three bidders in the recent Marlim FPSO tender — also suppo

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Xu Yihe

    OMV steps up pace in Barents

    Concept studies to start by middle of year

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Shell starts FPSO race for Bonga South West-Aparo

    Anglo-Dutch supermajor gives contractors four months to bid for contract to supply floater for Nigerian project

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Iain Esau and Barry Morgan

    Total eyes return to Brulpadda play in December

    French giant to shoot 3D seismic at find off South Africa and expects to begin drilling campaign by the end of this year

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Iain Esau

    Size of Brulpadda find may point to commercial project

    French operator Total has not discussed the size of the Brulpadda discovery, but sources familiar with South Africa’s exploration scene are upbeat about its scale — with some even suggesting that the supermajor already has a commercial project on its hands, writes Iain Esau. Total "is extremely excited" about Brulpadda, said a country watcher, adding: "They clearly know more than they are publicl

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Giants target gas with Australian drilling plans

    Shell, BP and Chevron set out exploration plans to discover more supplies for LNG projects

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Russell Searancke

    Total insists Papua LNG project is on track for planned launch

    Total is adamant the schedule for its Papua liquefied natural gas project in Papua New Guinea has not slipped and the project is on course to be launched as planned, writes Russell Searancke. The company's chief executive Patrick Pouyanne said in a results conference call that Papua LNG is "very attractive to many Asian buyers". Pouyanne was answering an analyst's question about the possibility

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Bangladesh targets first onshore import terminal

    EOIs sought for maiden onshore receiving facility

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Antero settles water contamination charges

    US independent Antero Resources has agreed to pay penalties and carry out mitigation work totalling more than $11 million to settle charges it violated federal and state clean water laws by discharging dredged and fill materials into waterways at more than 30 sites in West Virginia, writes Caroline Evans. The company, which holds more than 486,000 net acres in the Marcellus shale, with the bulk o

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    OMV gets exploration approval in New Zealand

    Austrian player and dominant operator in NZ planning to drill 11 wells in Taranaki basin after Pohokura field gets workover

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Russell Searancke

    Muruk-2 appraisal well promising in Papua New Guinea

    An ExxonMobil-led partnership has had early positive signs from an appraisal well being drilled in permit PDL9 near the Muruk gas discovery in Papua New Guinea’s north-west Highlands. Partner Oil Search, which is operating the drilling on behalf of the US supermajor, said the Muruk-2 appraisal well had reached a depth of 3537 metres in the Toro formation. It added coring operations had commenced

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Coro in Mako move

    Independent buys into another touted gas development

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Serbia in push for pipeline

    Gastrans aims to sanction project by March

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Palawan loses cash claim

    The Philippines province of Palawan has lost its protracted claim for a hefty share of the central government’s earnings from Shell’s giant producing Malampaya gas field. The nation’s Supreme Court in a unanimous 12-0 decision ruled against the province, effectively ending its legal battle that had lasted more than a decade. The Palawan government had sought 40% of the Manila administration’s ea

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Mist clearing for turret mooring job off Vietnam

    Singaporean player emerges as lead contender for key contract at Sao Vang and Dai Nguyet FSO development

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Russell Searancke

    Shanxi in CBM awards

    The Department of Natural Resources in northern China’s Shanxi province has awarded two local companies coalbed methane blocks in the Qingshui basin. The Yushe-Wuxiang block has been awarded to Shanxi Xiyang Fenghui Coal Industry Company for 626 million yuan ($920,000) while Wuxiang East was awarded to Shanxi Pingyao Coal Chemical Group for 294 million yuan covering an exploration period of 3.3 y

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Jadestone mulls tender options for Nam Du and U Minh

    Jadestone Energy is working on a tendering strategy for the shallow-water Nam Du and U Minh offshore gas and condensate project in Vietnam, writes Russell Searancke. The Singapore-based independent intends to place a small wellhead platform on each field and tie them back to a leased floating production, storage and offloading vessel at Nam Du. The gas will be transported to Vietnam’s south coast

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Bertam plans

    International Petroleum Corporation has outlined plans for near-field and infield work at the Bertam oilfield off Malaysia. The company, which was spun off from Lundin Petroleum, said it will do a third phase of infill drilling on the Bertam field in 2019. "Up to three drilling locations have been identified and work continues to mature additional locations. In addition, we plan to drill the Ker

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Medco Energi starts hiring for Senoro gas expansion

    Indonesian operator Medco Energi has begun the process of hiring contractors to design and fabricate an expansion gas plant at its Senoro gas project onshore Central Sulawesi, writes Russell Searancke. It is understood the new facility — referred to as a train — will have sales capacity of 95 million cubic feet per day of gas. It is part of the phase two development of Senoro that aims to add up

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Three spills in North Dakota

    Harsh US winter weather may have played a role in no fewer than three brine spills reported in North Dakota last week, writes Caroline Evans. The spills, which occurred at facilities operated by Marathon Oil, Oasis Petroleum and privately backed Lime Rock Resources III, resulted in a combined release of 940 barrels. State inspectors have visited all three sites and clean-up activities were being

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    US land drillers face challenges after oil price tumble

    Rig owners see drop in demand for units at start of this year as field operators weigh their options

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Caroline Evans

    YPF hit by price caps

    Price caps and diminishing support for unconventional gas investments are among the factors that have been undermining the stock market performance of Argentina's state-controlled YPF, which lost more than half of its value in 2018. In a year when the industry as a whole increased gas production by 5.3%, YPF’s production data showed that output declined by 3.87%, with a large-scale shutting-in of

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Shell stake boosts Cluff outlook in North Sea

    Supermajor farms in to P2252 licence with eyes on drilling at Pensacola prospect

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Rob Watts

    Cluff has high hopes for licences

    Cluff Natural Resources has been attempting to farm out prospects in its portfolio for some time and has been granted extensions on a number of licences by the Oil & Gas Authority, writes Rob Watts. The UK junior announced in November it was in exclusive talks with a major oil and gas company. Alyson Harding, technical manager of consultancy Westwood Global Energy, said: “Cluff will be pleased t

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Petrobras calls Buzios substitute

    Second player called in for talks with Brazilian state giant over Santos basin floater

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Gareth Chetwynd and Xu Yihe

    Norwegian giants limber up for busy year ahead

    Aker Solutions and Kvaerner target more oil and gas projects and offshore wind schemes

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Beate Schjolberg

    Australia finalises acreage

    The Australian government has launched a process for finalising the offshore exploration blocks that will be made available in the country’s 2019 licensing round, writes Russell Searancke. The government has revamped the annual acreage release process, with the main change being that there will be a single round of bidding closing in March 2020 instead of the traditional two rounds of bidding. I

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Hope of Saudi cuts helps boost crude recovery

    Oil production expectations ease market concerns over US-China trade talks

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Anamaria Deduleasa

    Oxy takes hit over Qatar

    Occidental Petroleum posted higher fourth-quarter 2018 net income compared with the same period in 2017, though the result was held back by impairment charges associated with the company's Qatar asset where the US player's contract will expire this year, writes Caroline Evans. Oxy reported quarterly net income of $706 million, or 93 cents per diluted share, compared to $497 million, or 65 cents p

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    PetroQuest restructures

    US-based PetroQuest has exited US Chapter 11 bankruptcy protection for which it filed last November. The company, which operates in east Texas and central and south Louisiana, said it eliminated about $295 million in debt and preferred equity obligations from its balance sheet, leaving a current cash balance of around $23 million. Following the restructuring, PetroQuest expects to have 9.2 milli

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Hyundai eyes on Daewoo

    South Korea’s largest shipbuilder Hyundai Heavy Industries is poised to acquire compatriot Daewoo Shipbuilding & Marine Engineering after Samsung Heavy Industries rejected an invitation to bid from Daewoo's leading shareholder, the Korea Development Bank (KDB). However, Hyundai and Daewoo employee unions are up in arms about the proposed deal, fearing significant job losses. “A large-scale dismi

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Tullow Oil closing in on $900 million farm-down

    Progress on Uganda tax issue means deal nears with Total and CNOOC Ltd

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Eoin O'Cinneide and Iain Esau

    Bristow pays $20 million to drop Columbia acquisition

    Aircraft operator Bristow has paid $20 million to cancel its acquisition of smaller rival Columbia Helicopters. Bristow said the two companies mutually agreed to end the deal, in which Bristow would have paid $560 million for Columbia. "Bristow, Columbia and Columbia's shareholders have agreed to release each other from all claims in connection with the purchase agreement and the related transac

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Oil, gas and the Green New Deal

    Thinking big on tackling climate change is not wrong - but the US should work jointly with today's energy companies to achieve it

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Kathrine Schmidt

    Nigeria's Buhari on the brink

    Widely cast as Nigeria’s Good Soldier, Muhammadu Buhari had a reputation as military head of state in the mid-1980s for imposing brusque discipline, keen to root out graft without fear or favour. Buhari’s supporters hoped his second coming in the guise of a civilian president would revitalise the economy and clean the Augean stables. Instead, his administration stands accused of party bias, econ

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Barry Morgan

    Drillship deal

    Malaysian national oil company Petronas has hired an ultra-deep water drillship owned by US driller Rowan for a one-well programme off Mexico. Rowan said the Rowan Renaissance, an R-Class ultra-deep water drillship, would work for Petronas for an estimated 80 days starting in the second quarter of 2019, with a one-well option.

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Frack snub for Cuadrilla

    UK shale gas explorer Cuadrilla Resources has been denied planning permission for hydraulic fracturing operations at a second site in northern England on highway safety grounds. Cuadrilla had been applying for permission to drill and frack four wells at Roseacre Wood, near Blackpool, which is also close to the Preston New Road site where the company has been carrying out exploration work, includi

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Aker Energy signs up FPSO

    Norway’s Aker Energy has signed an option agreement with affiliate Ocean Yield for the bareboat charter of the Dhirubhai-1 floating production, storage and offloading vessel for use on an early production project off Ghana. Aker Energy has until 1 May to exercise the option for a 15-year charter. If the option is exercised, the FPSO would be modified by Ocean Yield at a cost of up to $230 millio

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    L&T wins Algeria deal

    Indian engineering giant Larsen & Toubro (L&T) has won an engineering, procurement and construction contract from Algeria’s Sonatrach for gas processing facilities required for its south-western onshore gas fields development project. Under the deal, worth close to $1 billion, L&T will set up central processing facilities at the Hassi Ba Hamou and Reg Mouaded fields, the Hassi Tidjerane field and

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Gazprom venture in field push

    Russia's Rusgazalliance joint venture has submitted its development plans for the Semakovskoye gas and condensate field north in West Siberia's Yamal-Nenets region, writes Vladimir Afanasiev. Yamal-Nenets regional authorities said they received a field development blueprint from Rusgazalliance — a joint venture between Russian gas monopoly Gazprom and privately held Rusgazdobycha — with public he

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    BHP to go again at Trion

    Australian operator BHP has approved funding to drill an additional appraisal well and perform further studies at its Trion field off Mexico. The primary objectives of the 3DEL appraisal well, which is expected to be drilled in the second half of 2019, and associated studies are to confirm the volume and composition of hydrocarbons near the crest of the Trion structure, according to the company.

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    McDermott takes lead in Qatar’s North Field chase

    Deal has yet to be signed but sources say US player has a hand on facilities prize

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Nishant Ugal

    Barents miss

    Norway’s Equinor came up empty-handed in the first completed probe at its much-watched Gjokaasen prospect in the Barents Sea near Norway’s maritime border with Russia. Gjokaasen Shallow encountered a total of 40 metres of sandstone reservoir in the main targets in the Middle and Early Jurassic Sto, Nordmela, Tubaaen and Fruholmen formations, which have yielded discoveries such as Snohvit, Johan C

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Mixed bag in Egypt's 2018 licensing round

    Only three of Egas's 13 offshore blocks taken up - but EGPC awards seven of 11 offered

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Nassir Shirkhani

    West Nile Delta set for boost

    New fields could more than double project's gas to 12 trillion cubic feet

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Nassir Shirkhani

    Sweeter gas deal for Indian giants

    The Indian government is planning to offer its state-owned oil companies special incentives to exploit discovered gas reserves that today are not commercial at the prevailing gas price, writes Amanda Battersby. The aim is to unlock production at around a dozen fields belonging to Oil & Natural Gas Corporation (ONGC) and Oil India (OIL) that are unviable at the mandated gas price of $3.36 per mill

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    India offering 23 blocks with OALP 3

    Domestic players expected to be among keenest bidders chasing licenses offered in OALP 3

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Amanda Battersby and Nishant Ugal

    Touchstone sets sights on four exploration prospects

    Touchstone Exploration is keen to get to work on a set of four Trinidad & Tobago exploration prospects this year to test a new turbidite-focused play concept, writes Kathrine Schmidt. Paul Baay, chief executive of the UK and Canada-listed junior, said the company aims to start exploration drilling on the onshore Ortoire block by June, with the remaining wells to be put down by the end of the year

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Plans for 10 percentage-point rise in Roncador recovery

    Brazil's Petrobras and Norwegian partner Equinor are increasing their ambitions for the giant Roncador field off Brazil, with plans to boost recovery from the Campos basin development by 10 percentage points, writes Fabio Palmigiani. Under a deal signed in December 2017, Equinor paid $2.9 billion for a 25% stake in Roncador, committing to apply its technology and expertise to boost recovery by fi

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Key operators hit back at Argentine subsidy cuts

    Producers in Nequen basin reduce output as government scales back incentives

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Gareth Chetwynd

    Green for go as BSOG approves Midia FID

    Decision to proceed with $400 million offshore gas project despite tax changes

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Anamaria Deduleasa

    Argentina right to wean gas producers off subsidies

    Argentine Energy Secretary Gustavo Lopetegui has started weaning producers off the subsidies promised for investments in “new” production of unconventional gas. There have been some complaints. Techint’s oil and gas division Tecpetrol has invested on a massive scale, and feels cheated, while Pampa Energy, backed by partner by ExxonMobil, is unhappy with anything that smacks of rule changes. Yet

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Gareth Chetwynd

    Heritage set to play key role

    Trinidad & Tobago Prime Minister Keith Rowley has expressed optimism that newly created Heritage Petroleum will push forward rapidly with plans to revamp production on assets spun out of state oil company Petrotrin, writes Kathrine Schmidt. “Petrotrin, which held most of the country’s oil reserves, was mainly responsible for the drastic decline in oil production as much-needed capital was diverte

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    OMV cool on Neptun decision

    Austria's OMV is sitting on the fence over its giant Neptun Deep project off Romania’s Black Sea coast, cautioning that recent regulatory and fiscal changes in the country do not support a sanctioning decision, writes Anamaria Deduleasa. OMV, together with US supermajor ExxonMobil, wants to develop the giant offshore block, which holds the Domino discovery, but last year a final investment decisi

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Chamusca sees brighter future for SBM Brazil

    Contractor's country director rebuilding company's status with eyes on pre-salt sector

    Weekly  upstreamonline.com 14 Feb 23:00 GMT Fabio Palmigiani

    Lukoil in fresh fraud warning

    Lukoil is once again having to flag up fraudulent use of its name, this time the Russian company warning of unauthorised letters being send out with offers to purchase petroleum products. The letters, which are made to seem as if they were distributed on behalf of the director general of Lukoil’s refinery in Nizhny Novgorod, illegally bear the company’s trademark and branding. “Fake commercial o

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Aberdeen ready for Transition

    More than 100 students and recent graduates of two Scotland universities are gathering this weekend at an event aimed at highlighting the job opportunities available to the next generation in today’s energy sector. Transition, a programme organised by the Scottish chapter of the Association of Black & Minority Ethnic Engineers UK (AFBE-UK), will be held at Robert Gordon University in the oil capi

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Aramco’s novel idea in US

    Saudi Aramco is pitching in to rebuild a public library in Houston that was damaged in the devastating Hurricane Harvey in 2017. Local affiliate Aramco Services Company has pledged a $1.6 million gift for the reconstruction of the Amanda Dixon Neighborhood Library in Trinity Gardens in the north of the Texas oil capital. The library was closed for renovations in the weeks before Harvey struck, b

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    PNG steps on the gas in car chase

    Country’s asset recovery unit hunting vehicles not returned since Apec summit

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Going with the flow...

    Schlumberger has named Olivier Le Peuch chief operating officer Yongwoo Kang has been appointed chief executive of Dana Petroleum Pete Miller has been appointed chairman of MHWirth, with Eirik Bergsvik named chief executive Simon Heale has quit as chairman of Gulf Marine Services Nick Beattie has quit as chief financial officer of London-listed Range Resources Jim Sledzik has joined Saudi Ara

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....

    Rise in output aids Galp

    Portuguese operator reports boost in profits

    Weekly  upstreamonline.com 14 Feb 23:00 GMT ....