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Halliburton puts brakes on frac capex
Chief executive Jeff Miller expects some supply attrition amid equipment wear and tearOnline upstreamonline.com 3 hours old
Oil hits 2019 high on US plan to end Iran waivers
US to end all waivers for Iran oil imports in MayOnline upstreamonline.com 3 hours old
ExxonMobil inks LNG deal with Zhejiang
US supermajor to supply Chinese utility with natural gas over 20 yearsOnline upstreamonline.com 4 hours old
Samsung lands FPSO newbuild
Floater touted for Reliance Industries' MJ gas condensate field development off IndiaOnline upstreamonline.com 5 hours old
Halliburton widens profits
Company sees standout results in global business while managing North America pricingOnline upstreamonline.com 6 hours old
Reliance slams cash for PDVSA oil reports
Venezuelan crude purchases said not to violate US sanctionsOnline upstreamonline.com 12 hours old
Mari finds more Punjab oil
Production test planned on Dharian ahead of next probeOnline upstreamonline.com 15 hours old
Bangladesh FSRU on location
Gas could enter grid next monthOnline upstreamonline.com 22 hours old
BP shuts Central Azeri for maintenance
Short shutdown of facility in Caspian Sea comes after $6 billion FID on Azeri Central EastOnline upstreamonline.com 20 Apr 22:00 GMT
Saipem, Gazprom in 'amicable' South Stream deal
Italian contractor and Russian gas giant reach settlement agreement over pipeline project that was quashed in 2014Online upstreamonline.com 19 Apr 16:00 GMT
Qatar issues tender for four mega-LNG trains
Three consortia receive invitations to bid for work set to form the centrepiece of giant North Field Expansion projectWeekly upstreamonline.com 19 Apr 11:00 GMT
BP sanctions $6bn ACE scheme in Caspian Sea
UK supermajor and partners including Chevron, ExxonMobil and Equinor pull trigger on new platform in AzerbaijanOnline upstreamonline.com 19 Apr 09:41 GMT
ExxonMobil in 13th Guyana find at Yellowtail
Discovery is the fifth in Turbot area, expected to become "major development hub"Online upstreamonline.com 18 Apr 20:49 GMT
Oil prices inch up on tightening global supply
US oil rig count fell by eight, first drop in three weeksOnline upstreamonline.com 18 Apr 20:40 GMT
Deadline extended for TMX decision
Canadian government gets more time for consultations with Indigenous groupsOnline upstreamonline.com 18 Apr 18:15 GMT
US drillers drop eight oil rigs
Overall rig count dropped by 10Online upstreamonline.com 18 Apr 18:10 GMT
Driftwood LNG gets green light
US Ferc also approves construction and operation of Port Arthur LNG project in TexasOnline upstreamonline.com 18 Apr 16:17 GMT
ExxonMobil picks up Noble rig for Guyana
Drillship Noble Don Taylor tapped for one-year gig off South American nationOnline upstreamonline.com 18 Apr 15:36 GMT
Oil prices rise on lower US stocks, Opec+ supply cuts
Oil prices rose slightly on Thursday, boosted by a decline in US inventories, ongoing supply cuts from Opec and its allies, and US sanctions on Venezuela and Iran. Brent crude futures were at $71.80 a barrel at 1:13pm GMT, up 18 cents from their last close and near Wednesday's five-month high of $72.27 a barrel. US West Texas Intermediate (WTI) crude futures were at $63.83 per barrel, up 7 centsOnline upstreamonline.com 18 Apr 14:35 GMT
Kibsgaard sees shallow water hot streak
Schlumberger boss says this year will see the shallows dominate the offshore scene, with pronounced deep-water recovery a while off yetOnline upstreamonline.com 18 Apr 14:02 GMT
ConocoPhillips in $2.7bn UK assets sale to Chrysaor
US independent sells UK North Sea E&P assets and decommissioning liabilities to private equity-backed playerOnline upstreamonline.com 18 Apr 12:11 GMT
Schlumberger profit down
Oilfield services giant warns of slower growth in US shale patch in coming yearsOnline upstreamonline.com 18 Apr 11:04 GMT
Chevron to launch asset sale to fund Anadarko deal
Supermajor lines up disposal plan of between $15 billion and $20 billionWeekly upstreamonline.com 18 Apr 11:00 GMT
Controversial new Colorado rules signed into law
A controversial bill overhauling how oil and gas activity is regulated in the US state of Colorado was signed into law this week, writes Caroline Evans. Colorado Governor Jared Polis signed the bill, known as Senate Bill 181, as expected on Tuesday afternoon. The law gives cities the authority to regulate some oil and gas activities. In addition, the state regulatory body would see a change inWeekly upstreamonline.com 18 Apr 11:00 GMT
Indonesia goes to the polls
Jokowi tipped for second presidential termWeekly upstreamonline.com 18 Apr 11:00 GMT
Industry approves Alberta landslide vote
Landslide for the UCP ushers in aggressively pro-oil and gas administrationWeekly upstreamonline.com 18 Apr 11:00 GMT
Merger to supercharge Permian shale efforts
A key element of Chevron’s acquisition of Anadarko will be the impact it will have on the US supermajor’s already ambitious drilling and development programme in the Permian basin, writes Kathrine Schmidt. The company will look to bring its technological expertise to bear to improve recovery, lower costs and improve efficiencies on an even bigger scale at the prolific shale play. The deal is alsWeekly upstreamonline.com 18 Apr 11:00 GMT
Santos toasts success with Corvus-2 well
Operator hits 'one of the largest hydrocarbon columns ever' on NW ShelfWeekly upstreamonline.com 18 Apr 11:00 GMT
US Gulf giants power up
The merger between Chevron and Anadarko Petroleum will combine two longtime offshore powerhouses in the US Gulf of Mexico assuming it is completed, resulting in the fusion of the third and fourth-largest producers in the region, writes Kathrine Schmidt. Chevron said the $33 billion deal announced last Friday would nearly triple its count of operated platforms in the US Gulf from six to 16 units.Weekly upstreamonline.com 18 Apr 11:00 GMT
Sissi 'could stay in power till 2030'
Egypt’s parliament has passed amendments to the constitution that could see President Abdel-Fattah el-Sisi remain in power until 2030. Sisi is credited with restoring political stability in Egypt that has led to increased foreign investment in the key oil and gas sector. However, human rights groups say he has overseen an unprecedented crackdown on dissent that has led to the detention of tensWeekly upstreamonline.com 18 Apr 11:00 GMT
Haftar keeps up Tripoli military offensive
Libya’s renegade general Khalifa Haftar kept up his military offensive against the capital Tripoli as the UN prepared to demand an immediate ceasefire. Haftar's push on the capital threatens to further destabilise the oil-rich country and reignite a full-blown civil war. Both sides accuse each other of targeting civilians. The chairman of Libya’s National Oil Corporation, Mustafa Sanallah, saidWeekly upstreamonline.com 18 Apr 11:00 GMT
Mozambique president visits Cabo Delgado
Mozambique’s President Filipe Nyusi made a surprise visit to gas-rich Cabo Delgado province late last week, accompanying another military detachment that has just been deployed to tackle the brutal activities of armed insurgents, writes Iain Esau. Nyusi met residents of Mapalangane in Palma region— which will be host a huge liquefied natural gas complex — as well as communities in Mbau and Ilala,Weekly upstreamonline.com 18 Apr 11:00 GMT
Nigeria revokes licences
Six blocks taken back in rent-and-royalty rowWeekly upstreamonline.com 18 Apr 11:00 GMT
Dolphin returns to rig sale
Norway’s Dolphin Drilling is to attempt once again to sell its drillship Bolette Dolphin after bringing on board a partner to secure its financial future, write Ole Ketil Helgesen and Steve Marshall. The Oslo-listed rig owner, formerly known as Fred Olsen Energy, has received the backing of investment company Strategic Value Partners (SVPGlobal). SVPGlobal said it has successfully reached an agrWeekly upstreamonline.com 18 Apr 11:00 GMT
BSOG gains approval for Midia plan off Romania
Black Sea operator receives backing for developing the Ana and Doina gas fieldsWeekly upstreamonline.com 18 Apr 11:00 GMT
Methane-tracking satellite set for 2021 launch
US-based conservation group Environmental Defense Fund (EDF) is expected soon to award a final design and manufacturing contract for the MethaneSAT, a small satellite specifically designed to produce high-resolution images of methane emissions and make the information available to the public, writes Russell McCulley. An EDF spokesperson tells Upstream that a contract is likely to be announced inWeekly upstreamonline.com 18 Apr 11:00 GMT
Anjung's topsides set to sail
Brooke Dockyard & Engineering Works is preparing for the sailaway of the topsides for national upstream company Petronas Carigali’s Anjung gas field development off its native Malaysia. Load-out of the topsides on to the barge POE Giant 21 was planned to start around the time Upstream went to press. The operation will involve a distance of up to 101 metres into the middle of Sarawak River on whiWeekly upstreamonline.com 18 Apr 11:00 GMT
More time for SapuraOMV
Malaysia’s SapuraOMV Upstream has been granted a time extension of seismic and drilling commitments on one of its four Australian exploration permits. The extension in Block AC/P61 gives SapuraOMV another 18 months until 22 December 2020 to satisfy a geological and geophysical work commitment, and allows the operator until 22 December 2023 to drill a first exploration well, according to a regulatWeekly upstreamonline.com 18 Apr 11:00 GMT
PGS releases data for Ivory Coast survey
Seismic contractor Petroleum Geo-Services (PGS) has completed processing offshore data sets covering waters off Ivory Coast, with the results now available to interested oil companies, writes Barry Morgan. The merged post-stack data sets comprise multiple surveys re-worked to a common grid, mostly beyond the 200-metre isobar. According to PGS, the data is "ideal for the continued exploration forWeekly upstreamonline.com 18 Apr 11:00 GMT
Frontera puts back drilling
Canadian independent Frontera Energy has postponed drilling of a key exploration well in Colombia to next year, writes Fabio Palmigiani. Frontera has deferred drilling of the Cocodrilo wildcat to 2020 after it was awarded new acreage in the Coralillo field in the Guatiquia block in the Llanos basin. The company plans to carry out development drilling in Coralillo this year before progressing toWeekly upstreamonline.com 18 Apr 11:00 GMT
Beaufort lease sale backing
Alaska’s Department of Natural Resources (DNR) has given its backing to opening up its sector of the Beaufort Sea to an area-wide lease sale following a preliminary report from regulators. “The director preliminarily finds that the potential benefits of the lease sales outweigh the possible negative effects, and that the Beaufort Sea Areawide oil and gas lease sales will best serve the interestsWeekly upstreamonline.com 18 Apr 11:00 GMT
Staatsolie in wells drive
Staatsolie has begun operations on a long-anticipated nine-well nearshore drilling programme in Suriname. The state-led producer contracted the Seadrill-owned jack-up rig West Castor for the campaign. It also signed a logistics contract with Medserv International and a rig service contract with Halliburton. Upstream previously reported that the drilling campaign is set to run into early 2020,Weekly upstreamonline.com 18 Apr 11:00 GMT
Drill plan for ExxonMobil
ExxonMobil has submitted more information to Australia’s offshore regulator on an ultra-deepwater well it plans to drill off the coast of Victoria. The National Offshore Petroleum Safety & Environmental Management Authority is expected to make a decision on whether or not to approve the US supermajor's environmental plan for the Sculpin-1 well in Vic/P70 on 26 April. A decision was due last monWeekly upstreamonline.com 18 Apr 11:00 GMT
COSL charters CMHI jack-ups for Bohai Bay push
Chinese drilling contractor takes on two units in deal expected to ease yard's supply constraintsWeekly upstreamonline.com 18 Apr 11:00 GMT
More work needed on emissions say industry big guns
Top officials at BP and Woodside Petroleum say the energy industry can do more to address greenhouse gas emissions concerns by promoting natural gas as a cleaner fuel alternative while cleaning up their own operations, write Josh Lewis and Vladimir Afanasiev. BP chief executive Bob Dudley says the industry must take action to counter gloomy predictions that it will not be able to comply with tougWeekly upstreamonline.com 18 Apr 11:00 GMT
Vulcan seismic for Shell
Shell plans to acquire later this year a large amount of 3D seismic data off north-west Australia near its Crux gas and condensate field. The Factory 3D survey will cover 3750 square kilometres across Blocks AC/P65, AC/P41, WA-534-P and a very small portion of adjacent acreage. The survey will be done over a period of two to three months from 1 July to 30 December, Shell said. All three of theWeekly upstreamonline.com 18 Apr 11:00 GMT
Sunrise gas field deals
The Timor-Leste government has completed its $650 million purchase of ConocoPhillips' and Shell's interests in the Greater Sunrise gas fields. The Dili-based government now owns a 56.56% interest in the fields thanks to acquiring ConocoPhillips' 30% stake and Shell's 26.56% equity. The Greater Sunrise fields are located 150 kilometres south of Timor-Leste's south coast in water depths between 90Weekly upstreamonline.com 18 Apr 11:00 GMT
Inpex planning to drill exploration well at Browse
Japanese operator Inpex is planning to drill an exploration well in the Browse basin off Western Australia. An environment plan for the proposed campaign in WA-343-P was submitted last week with Australian regulator the National Offshore Petroleum Safety & Environmental Protection Management Authority (Nopsema). The plan covers a pre-drilling site survey and the drilling and evaluation of an expWeekly upstreamonline.com 18 Apr 11:00 GMT
Bids in for Brazil semisub charter
Drilling contractors submitted bids this week in a Petrobras tender for the charter of anchor-moored semi-submersible rigs to operate in 700 metres of water off Brazil, write Fabio Palmigiani and Gareth Chetwynd. The state-controlled operator is seeking up to two units to to carry out drilling, completion and well intervention work in the Campos and Santos basins. With 22 companies registered toWeekly upstreamonline.com 18 Apr 11:00 GMT
Mills steps in for Roan
The chief executive at Samson Resources has stepped in to lead Anadarko basin-focused Roan Resources after the surprise resignation of Roan chief executive Tony Maranto last week for 'personal reasons'. Samson Resources chief executive Joseph Mills, who has served on the Roan board since November, was appointed to executive chairman on Monday. He will serve on an interim basis until a new chiefWeekly upstreamonline.com 18 Apr 11:00 GMT
Heavyweights dive in for Argentine acreage
Supermajors among bidders as country awards 18 blocks in maiden offshore roundWeekly upstreamonline.com 18 Apr 11:00 GMT
Serica in UK North Sea drive
UK-based Serica Energy is looking to further expand its North Sea portfolio after ending last year on a high with its purchase of operating stakes in the Bruce, Keith and Rhum fields (BKR) from supermajor BP, writes Anamaria Deduleasa. Serica, which also acquired additional interests in the fields from Total, BHP and Marubeni bringing its interests to 98% in the Bruce field, 100% of the Keith fieWeekly upstreamonline.com 18 Apr 11:00 GMT
Action on tender for Campos and Santos basin wells
Brazil’s Petrobras is set to receive bids in the next few weeks in a pair of tenders for work that will be designed to assess the integrity of its wells and subsea equipment in the Campos and Santos basins, writes Fabio Palmigiani. Petrobras plans to contract an international engineering company to provide specialised services for the execution of riser analysis, designing of casing columns and wWeekly upstreamonline.com 18 Apr 11:00 GMT
Prize day for Keppel yards
Singapore’s Keppel Offshore & Marine has secured a pair of contracts worth S$160 million (US$118.3 million). Subsidiary Keppel Shipyard is set to start work in the third quarter on fabrication of topsides modules and other structures for an unidentified floating production, storage and offloading unit, with delivery scheduled for 2021. In the second contract, subsidiary Keppel FELS will carry ouWeekly upstreamonline.com 18 Apr 11:00 GMT
South Sudan in export call
South Sudan Petroleum Minister Ezekiel Gathuoth has urged continued oil industry co-operation with Sudan, despite the political turmoil gripping its northern neighbour, to assure uninterrupted output and oil exports to the Red Sea export terminal at Port Sudan.Weekly upstreamonline.com 18 Apr 11:00 GMT
Midstream deals set to take off in coming years
Investor interest in asset-level acquisitions on the riseWeekly upstreamonline.com 18 Apr 11:00 GMT
EnscoRowan gets set for action
Merged rig giant to have headquarters in London and significant base in HoustonWeekly upstreamonline.com 18 Apr 11:00 GMT
Vintage in hand for sweet taste of success
Ex-BP executive Greg Coleman is using his experience in the oil and gas industry to promote an online school for energy and hydrocarbons based in UgandaWeekly upstreamonline.com 18 Apr 11:00 GMT
KazMuniaGaz cuts its debt
Kazakh state company KazMunaiGaz repayed some of its long-term debt last year using cash reserves as its management took heart from a climb in gross earnings of 46% to almost 7 trillion tenge ($20.3 billion), despite oil and gas production staying almost flat. The company said that in 2018 it spent $1.6 billion to buy a previously issued tranche of Eurobonds and another $400 million to fully repaWeekly upstreamonline.com 18 Apr 11:00 GMT
Oil giant at home in Nigeria
ExxonMobil will not be selling off Nigerian assets any time soon as was suggested locally two weeks ago, according to Richard Laing, the supermajor’s production manager for Nigeria, writes Barry Morgan. Laing reportedly made this clear to Minister of State for Petroleum Resources Ibe Kachikwu during a visit to ExxonMobil’s Erha floating production, storage and offloading vessel in OML 133. KachiWeekly upstreamonline.com 18 Apr 11:00 GMT
Petronas going greener
Deal marks Malaysian national outfit's foray into overseas renewablesWeekly upstreamonline.com 18 Apr 11:00 GMT
OPINION: Bashir's fall was no Arab Spring
Long-predicted ousting of Sudan's president could lead to more regional turmoilWeekly upstreamonline.com 18 Apr 11:00 GMT
Eagle takes Florida step
Houston-based Eagle LNG Partners has taken another step towards sanctioning a proposed liquefied natural gas export facility in Florida after receiving a positive final environmental impact assessment from US federal regulators. Staff at the US Federal Energy Regulatory Commission in the report concluded that the small-scale project in Jacksonville “would result in some limited adverse environmenWeekly upstreamonline.com 18 Apr 11:00 GMT
Inpex ticks the boxes at Abadi in Indonesia
Japan’s Inpex is making steady progress in Indonesia towards the front-end engineering and design phase of its Abadi liquefied natural gas project, writes Russell Searancke. The company has this year been working on another version of a development plan to submit to the government based on the results of pre-FEED work that was completed in late 2018. Inpex is not commenting on when it hopes to bWeekly upstreamonline.com 18 Apr 11:00 GMT
Bid prices emerge in pitch for Sete Brasil rigs
Magni and Keppel Fels show their hands but views are mixed on whether struggling owner will acceptWeekly upstreamonline.com 18 Apr 11:00 GMT
Delek in US Gulf field deal
Israel’s Delek Group has signed a deal worth $965 million to take Shell’s 22.45% stake in the Caesar-Tonga producing oilfield in the US Gulf of Mexico, writes Eoin O’Cinniede. The asset, located in the Green Canyon area 300 kilometres south of Louisiana, produces 71,000 barrels of oil equivalent per day gross. The field lies in 1500 metres of water and produces via eight subsea wells tied back toWeekly upstreamonline.com 18 Apr 11:00 GMT
BP set to quit Chinese shale sector
UK supermajor BP is the latest foreign explorer to exit China's shale gas operations, highlighting the difficulties overseas players have had in making profitable investments in the sector, writes Amanda Battersby. BP had signed production sharing contracts with China National Petroleum Corporation (CNPC) to jointly explore and exploit shale gas in Sichuan province's Neijiang-Dazu and RongchangbeWeekly upstreamonline.com 18 Apr 11:00 GMT
Layne Water gets boost
Permian water services provider Layne Water Midstream of the US has received a $200 million equity commitment led by private equity firms Post Oak Energy Capital and Genesis Park. Post Oak and Genesis Park acquired Layne from Granite Construction with a commitment to continue to fund the company’s growth. Layne Water management also invested alongside Post Oak and Genesis Park. Woodlands, Texas-Weekly upstreamonline.com 18 Apr 11:00 GMT
US shale output on course to break crude record
US onshore shale output is forecast to break crude production records in May, according to the US Energy Information Administration. Total crude output from seven shale plays across the nation is expected to reach 8.46 million barrels per day, an increase of 80,000 bpd. The Permian basin of west Texas and south-east New Mexico will lead the way with production gains helping the region hit a newWeekly upstreamonline.com 18 Apr 11:00 GMT
Oil takes a pause after robust rise on the ladder
Prices supported by more positive signals on state of Chinese economy and declines in US crude stocksWeekly upstreamonline.com 18 Apr 11:00 GMT
Indonesia plans to set up umbrella company over Pertamina
The Indonesian government is planning to set up a super holding company to act as an umbrella organisation for state-owned enterprises, including national oil and gas company Pertamina, writes Amanda Battersby. The proposal was revealed by President Joko Widodo before this week’s presidential elections and confirmed by State-Owned Enterprises Minister Rini Soemarno. The key, said Rini, is to ensuWeekly upstreamonline.com 18 Apr 11:00 GMT
Cameron LNG plant progress
Feed gas has started flowing into the first train at the Sempra Energy-operated Cameron liquefied natural gas export facility in Louisiana, marking the final commissioning phase for the unit before producing first LNG, writes Caroline Evans. US federal regulators late last week authorised the introduction of pipeline feed gas to the facility and Sempra is planning to ramp up feed gas deliveries tWeekly upstreamonline.com 18 Apr 11:00 GMT
Oil team rescues paddling pooch off Thailand
Workers on Chevron platform answer man’s-best-friend overboard SOSWeekly upstreamonline.com 18 Apr 11:00 GMT
Citgo’s meals on wheels in Houston
Citgo Petroleum has unveiled a mobile food pantry in Houston aimed at helping communities that are still financially impacted by the devastating Hurricane Harvey, which hit the Texas oil capital and wider region in 2017. The US refining joint venture with Venezuelan state oil player PDVSA brought Houston Mayor Sylvester Turner along to inaugurate the service on 8 April at the Volunteers of AmericWeekly upstreamonline.com 18 Apr 11:00 GMT
OMV inks Gubkin Uni deal
Austria’s OMV has teamed up with the Moscow-based Gubkin Russian State University of Oil & Gas in a deal to co-operate on scientific, technical and academic projects. The oil company and the university, which already work together on industry projects, are to explore further possible implementation of joint educational and research projects and programmes as well as the organisation of joint traiWeekly upstreamonline.com 18 Apr 11:00 GMT
Concho in connector team
US Permian player Concho Resources has entered a joint venture to build a 100-mile (160-kilometre) crude gathering system, with initial flows anticipated later this year. Concho will team up with privately owned Frontier Midstream Solutions to develop the 150,000 barrels per day Beta Crude Connector in the northern Midland sub-basin of the Permian. Each company will hold a 50% equity interest,Weekly upstreamonline.com 18 Apr 11:00 GMT
Going with the flow...
Ajay Kumar Dixit has replaced Sudhir Mathur as chief executive of Cairn Oil & Gas Alina Popa has been appointed chief financial officer of OMV Petrom James Parkin has quit as chief operating officer of KrisEnergy Mark Lappin is to succeed the retiring Algy Cluff as chairman of Cluff Natural Resources Bob Bryce has joined Rever Offshore as operations director Marit Blaasmo is replacing JorunnWeekly upstreamonline.com 18 Apr 11:00 GMT
Saab Seaeye joins rockfish rescue drive
Scientists in the US state of Washington have enlisted the help of marine engineering player Saab Seaeye to help monitor populations of rockfish, which are in danger of extinction due to overfishing. Washington Department of Fish & Wildlife has selected the Saab Seaeye underwater robotic vehicle Falcon to assess the health of the species in Puget Sound. The one-metre-long vehicle can reach depthWeekly upstreamonline.com 18 Apr 11:00 GMT
Chevron entry a boost for Mozambique LNG
Merger with Anadarko expected to benefit project... but influence will be limited until deal is completedWeekly upstreamonline.com 18 Apr 11:00 GMT
ConocoPhillips assesses bids for Barossa facilities
Supermajor runs rule over offers for a range of packages for gas developmentWeekly upstreamonline.com 18 Apr 11:00 GMT
Santos is close to PNG deal
Australian independent Santos is getting close to finalising its farm-in to the P’nyang gas development in Papua New Guinea, writes Russell Searancke. P’nyang is earmarked as a feedstock source for a new liquefied natural gas train at the existing PNG LNG complex. Santos is a co-owner in the PNG LNG facility, so farming in to the P’nyang development will create better alignment of the ownershipWeekly upstreamonline.com 18 Apr 11:00 GMT
Chevron starts Sanha drive
Bid process launched for new platform as supermajor steps up Lean Gas project off AngolaWeekly upstreamonline.com 18 Apr 11:00 GMT
Brazil government steps away from Petrobras pricing
The Brazilian government backtracking from interference in the national oil company’s fuel pricing strategies elicited an audible sigh of relief across financial markets this week, showing that this error-prone administration has not yet used up its quota of goodwill. Rather than pursuing a form of right-wing populism that was starting to bear some resemblance to the left-wing variety, PresidentWeekly upstreamonline.com 18 Apr 11:00 GMT
Change to Mexico approvals process
A new set of guidelines aimed at streamlining the approval of oil and gas exploration and development plans in Mexico went into effect this week after publication in the country’s official diary, writes Kathrine Schmidt. The changes are based around three goals — optimising deadlines, simplifying requirements and making processes systematic, according to oil regulator the National Hydrocarbons CoWeekly upstreamonline.com 18 Apr 11:00 GMT
BHP success off Trinidad
BHP has hit hydrocarbons at the first well in its latest drilling programme in deep waters off Trinidad & Tobago. “Bele-1... was spud on 2 March 2019 and encountered hydrocarbons. Drilling is still in progress and our assessment is ongoing,” the Australian company said in its latest operational review. The well was drilled in Trinidad & Tobago Block 23(a) targeting gas in Pliocene-aged formationWeekly upstreamonline.com 18 Apr 11:00 GMT
Talos sidetrack at Zama delivers again for Mexico
Appraisal confirms northern extension of discovery adding to potential and opens up further options for partnersWeekly upstreamonline.com 18 Apr 11:00 GMT
Turan seals deal with BP for Azerbaijan platform work
Turan Drilling & Engineering has won a deal worth up to $700 million from BP to work on seven of the UK supermajor’s platforms in Azerbaijan’s section of the Caspian Sea, write Kama Mustafayeva and Eoin O'Cinneide. The company, a joint venture between UK-based KCA Deutag and Azeri state player Socar, will carry out operations and maintenance work on the East Azeri, West Azeri, Central Azeri, DeepWeekly upstreamonline.com 18 Apr 11:00 GMT
CGG completes Gabon survey
Paris-based CGG has completed a multi-client survey over the Gabon South basin, comprising 9800 kilometres of long-offset 2D seismic data. This data will be fast-tracked into data sets for delivery by the end of this month. The survey data will help companies assess acreage on offer in Gabon’s 12th offshore licensing round. Supported by SpectrumGeo, Gabon's licensing exercise offers 12 shallow-Weekly upstreamonline.com 18 Apr 11:00 GMT
Tanzania exploration
Tanzania is to carry out joint oil exploration operations with Uganda. While gas has been discovered onshore Tanzania, much of the country remains unexplored and hopes are high that oil may be struck in the interior. Tanzania's Energy Minister Medard Kalemani said co-operative teams have already been established to push this vision forward. The minister, who was speaking at a parliamentary commWeekly upstreamonline.com 18 Apr 11:00 GMT
Eni crane death probe
An Italian court has opened an investigation into an incident in which an offshore worker died on the Eni-operated Barbara F platform in the Adriatic Sea. “The Public Prosecutor of Ancona opened an investigation against unknown persons,” Eni said in its 2018 annual report. The worker — a crane operator — died on 5 March when the crane fell into the sea, hitting a supply vessel and injuring two pWeekly upstreamonline.com 18 Apr 11:00 GMT
Argentina takes the spotlight
Global oil companies’ appetites for frontier exploration acreage in Latin America have not yet been satisfied. That’s a key takeaway from Argentina’s first deep-water bid round, which attracted 13 top players to place more than $700 million in high bids this week, despite only nascent knowledge of the underexplored areas. Already a rising star on the oil and gas scene, Argentina will add a new aWeekly upstreamonline.com 18 Apr 11:00 GMT
Trio on menu for Neuquen
The governor of Argentina’s Neuquen province at the heart of the Vaca Muerta shale has forecast that at least three major projects will enter the development phase in the basin this year, writes Kathrine Schmidt. The increase will bring the total number of such projects in the area to 10, with even more potential on the horizon. The projection from Neuquen Governor Omar Gutierrez echoes commentsWeekly upstreamonline.com 18 Apr 11:00 GMT
ENN ends interest in buying unit with Freeport LNG stake
Chinese private gas market player ENN Ecological has terminated a deal that would have seen it acquire a unit of Japan’s Toshiba, which holds a stake in the Freeport LNG project in the US, writes Xu Yihe. In early November last year, ENN signed an initial deal to buy Toshiba America LNG (TAL) for a cash payment of $15 million. Under the deal, ENN would have gained access to 2.2 million tonnes peWeekly upstreamonline.com 18 Apr 11:00 GMT
North Dakota suffers production frostbite
Severe cold weather in the US state of North Dakota led to significant drops in oil and gas output in February after the home of the Bakken shale formation hit record production highs in January, according to preliminary data from regulatory officials. The state saw a 5% drop in crude production, to 1.34 million barrels per day from more than 1.40 million bpd in January, according to a monthly reWeekly upstreamonline.com 18 Apr 11:00 GMT
Controlling greenhouse gases is a team game
Industry 'must work together' to reduce the 100 Bcm of methane emitted each yearWeekly upstreamonline.com 18 Apr 11:00 GMT
Husky spuds Tiger's Eye
Husky Energy has spudded an exploration well off Newfoundland & Labrador, Canada. A Husky spokesperson said the Tiger’s Eye D-17 probe began drilling on 3 April using semi-submersible Henry Goodrich. However, according to a Canada-Newfoundland & Labrador Offshore Petroleum Board dated 8 April, initial operations were hit by harsh weather. Tiger’s Eye lies in Exploration Licence 1122, about 10 kWeekly upstreamonline.com 18 Apr 11:00 GMT
Keppel O&M back in profit
Offshore and marine division of Singapore shipyard returns to the black in first quarterOnline upstreamonline.com 18 Apr 10:50 GMT
Eni secures fresh acreage in Middle East
Italian major picks up exploration tract offshore Ras Al Khaimah in UAEOnline upstreamonline.com 18 Apr 10:06 GMT
Petrobras steps out in Sergipe-Alagoas
Bids invited for impact studies over planned installation of two FPSOs in deep-water frontier basinWeekly upstreamonline.com 18 Apr 10:00 GMT
Black & Veatch gets green light for Tortue job
Converted FLNG vessel to start operations in 2022Online upstreamonline.com 18 Apr 08:58 GMT
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