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  • Llog in Buckskin launch

    First oil from US Gulf deep-water field sets stage for future development phases

    Online  upstreamonline.com 3 hours old Steve Marshall

    DOF Subsea seeks debt lifeline

    Subsidiary of Oslo-listed player calls creditor meetings for revised loan terms amid refinancing challenges

    Online  upstreamonline.com 4 hours old Steve Marshall

    Shearwater in Tyra shoot

    Seismic survey to kick off this summer at field under redevelopment off Denmark

    Online  upstreamonline.com 5 hours old Steve Marshall

    Eland preparing for Nigerian field start

    Early production system at the Gbetiokun field to come online next month

    Online  upstreamonline.com 5 hours old Josh Lewis

    Investment in upstream in the doldrums: WoodMac

    Geopolitical premium on oil price as Middle East tension continues

    Online  upstreamonline.com 6 hours old Amanda Battersby

    Repsol books Maersk rig for Mexico deep-water wildcats

    Spanish major to use drillship Maersk Valiant on Gulf of Mexico probes beginning in early 2020

    Online  upstreamonline.com 6 hours old Eoin O'Cinneide

    LNG market 'a traffic jam with no policeman'

    Fereidun Fesharaki sees market tightness after imminent glut, but to be followed by another huge rise in new volumes

    Online  upstreamonline.com 7 hours old Eoin O'Cinneide

    EA Technique lands Petronas contract

    Company to provide temporary storage tanker for Sepat early production system project

    Online  upstreamonline.com 8 hours old Josh Lewis

    Extra month for FPSO Lam Son

    FPSO contracted until 31 July 2019 at Vietnamese field

    Online  upstreamonline.com 8 hours old Russell Searancke

    Fesharaki spots demand peak by 2030

    Demand for diesel and gasoline will peak by the end of the next decade, with oil demand growth being as low as 200,000 barrels per day in a little over 10 years. “The long-term outlook for oil demand is not great,” Fereidun Fesharaki, chairman of FACTS Global Energy (FGE), said at AOGC 2019 in Kuala Lumpur on Tuesday. Current oil demand growth is “solid” at around 1 million bpd, but by 2027 or 2

    Online  upstreamonline.com 8 hours old Eoin O'Cinneide

    Petronas providing energy solutions

    Adif Zulkifli shares his thoughts on the energy transition, gas, LNG, renewables and digitalisation

    Online  upstreamonline.com 9 hours old Amanda Battersby

    Chiyoda sued by former employee

    Action against US subsidiary is the latest setback for struggling Japanese company

    Online  upstreamonline.com 10 hours old Josh Lewis

    Real gets Windorah pipeline licence

    Permit will allow wells at Tamarama gas field to be connected nearby gas facility

    Online  upstreamonline.com 11 hours old Josh Lewis

    Lakes could head back to PNG court

    Change of government delays settlement over cancellation of PNG licence

    Online  upstreamonline.com 12 hours old Josh Lewis

    UK operator Alpha Petroleum put up for sale

    Rothschild & Co and BNP Paribas acting as advisers to London-based private equity owner Petroleum Equity

    Online  upstreamonline.com 12 hours old Rob Watts

    BP gets nod for Ironbark survey

    Approval granted for site survey over giant gas prospect off Australia

    Online  upstreamonline.com 12 hours old Josh Lewis

    Oil mixed on crude demand fears, US-Iran tensions

    US President Donald Trump on Monday imposed new sanctions on Iran

    Online  upstreamonline.com 16 hours old Reuters

    WoodMac: Deep-water, tight oil more alike than before

    Lower costs in deep-water, rapid industrialisation in tight oil drive convergence of sectors, according to firm

    Online  upstreamonline.com 18 hours old Julia Martinez

    Dakota Access capacity could double

    Project's operator proposes new pumping station to boost throughput

    Online  upstreamonline.com 18 hours old Caroline Evans

    Ruling party candidate wins Mauritania election

    Mohamed Ahmed Ould Ghazouani takes majority of vote as expected in contest

    Online  upstreamonline.com 19 hours old Barry Morgan

    Guinea-Conakry seismic data to be ready soon

    African nation in fresh drive to interest suitors in offshore prospectivity

    Online  upstreamonline.com 20 hours old Barry Morgan

    McDermott wins Saudi Aramco award

    Contractor bags EPCI contract to provide new control rooms to Saudi Arabian offshore fields

    Online  upstreamonline.com 24 Jun 11:27 GMT Beate Schjølberg

    Kvaerner confirms role in Jackdaw FEED

    Norwegian contractor to work with Leirvik and Ramboll in competition against Rosetti and Genesis

    Online  upstreamonline.com 24 Jun 11:16 GMT Rob Watts

    US-China tariff war 'risks wider economic impact'

    Presidents of two feuding nations set to meet this weekend at G20 summit in Japan

    Online  upstreamonline.com 24 Jun 10:40 GMT Xu Yihe

    Gabon's new code set for court review

    Constitutional Court has revised Petroleum Code, with licensing round also getting slight delay

    Online  upstreamonline.com 24 Jun 10:14 GMT Barry Morgan

    Supernova firms up Guinea-Bissau tract

    Bluewater Group subsidiary awarded block and now awaits ratification

    Online  upstreamonline.com 24 Jun 09:49 GMT Barry Morgan

    Topsides in place at Valhall Flank West

    Aker BP completes installation work at Norway satellite field ahead of schedule and under budget

    Online  upstreamonline.com 24 Jun 09:47 GMT Steve Marshall

    Tight oil output 'set to hit 25 million bpd' - Rystad

    Unconventionals boom unlikely to be replicated outside of US, however

    Online  upstreamonline.com 24 Jun 09:34 GMT Eoin O'Cinneide

    Grand job for Wood

    Contractor secures Equinor FEED for modifications to Grane platform off Norway and other onshore work

    Online  upstreamonline.com 24 Jun 08:27 GMT Steve Marshall

    Woodside makes progress at Greater Enfield

    First time the operator has delivered a FPSO refurbishment on schedule and under cost

    Online  upstreamonline.com 24 Jun 08:07 GMT Josh Lewis

    ExxonMobil 'eyes Norway sale'

    US giant to open data room for prospective disposal of entire portfolio to signal possible country exit: reports

    Online  upstreamonline.com 24 Jun 07:49 GMT News Reports and Upstream staff

    Nostrum seeks buyer in strategic review

    UK player may court acquisition to help growth after expanding in Kazakhstan

    Online  upstreamonline.com 24 Jun 07:46 GMT Beate Schjølberg

    ADES bags rig deals

    Fresh jack-up charter off Egypt and extension in Algeria for London-listed drilling player

    Online  upstreamonline.com 24 Jun 07:04 GMT Steve Marshall

    Gas 'not a transitional fuel': Petronas CEO

    Natural gas to play leading role in future energy mix for Malaysian state giant

    Online  upstreamonline.com 24 Jun 06:39 GMT Xu Yihe

    Fragile oil market looks to sustain 'Goldilocks' price

    The oil market is battling to maintain a “Goldilocks” price in the face of increased geopolitical tensions in the Middle East, the ongoing trade war between the US and China and changing supply and demand dynamics. “Today the price is really fighting itself between supply concerns and demand concerns,” Russell Hardy, chief executive at trading giant Vitol, said at the Asia Oil & Gas Conference (A

    Online  upstreamonline.com 24 Jun 06:11 GMT Eoin O'Cinneide

    Malaysia to support services sector

    Minister of Economic Affairs says sector needs further boost to raise competitiveness

    Online  upstreamonline.com 24 Jun 06:08 GMT Russell Searancke

    Innovative partnerships urged: Wan Zulkiflee Wan Ariffin

    Petronas chief executive says change in mindset is crucial

    Online  upstreamonline.com 24 Jun 05:54 GMT Amanda Battersby

    Petronas hands out water injection contract

    Joint venture to provide state-run company with a water injection module

    Online  upstreamonline.com 24 Jun 05:44 GMT Josh Lewis

    Malaysia a 'golden opportunity' for gas - WoodMac

    Malaysia offers a “golden opportunity” for upstream players to take advantage of an expected energy supply shortage by fast-tracking gas developments, with the East Malaysia state of Sarawak the most prospective basin, according to energy consultancy Wood Mackenzie. Companies that take the opportunity to search for cleaner, less carbon-intensive gas resources could “leap-frog” the queue of expect

    Online  upstreamonline.com 24 Jun 04:32 GMT Eoin O'Cinneide

    MOL to provide Hong Kong FSRU

    Contract confirmation comes as owners of import terminal strike supply pact with Shell

    Online  upstreamonline.com 24 Jun 04:13 GMT Josh Lewis

    Geopolitics threat to oil industry: Mahathir

    Middle East tension creates further uncertainty, says the Prime Minister of Malaysia

    Online  upstreamonline.com 24 Jun 03:21 GMT Amanda Battersby

    Oil climbs on Middle East tension

    Prices gain ground as the US threatens tougher sanctions against Iran

    Online  upstreamonline.com 24 Jun 03:14 GMT Reuters

    Lime takes Dea's slice in Shrek prospect

    Singaporean player picks up interest in a pair of licences off Norway

    Online  upstreamonline.com 24 Jun 02:44 GMT Josh Lewis

    Petronas remains positive amid Moody's downgrade

    Malaysian giant sees credit rating slip due to close credit linkages to government

    Online  upstreamonline.com 24 Jun 01:15 GMT Josh Lewis

    Pluto back online

    Production resumes at Australian LNG plant after initial restart problems

    Online  upstreamonline.com 24 Jun 00:21 GMT Josh Lewis

    LNG Ltd updates Magnolia EPC deal

    KBR-led joint venture agrees to updated contract incorporating larger capacity

    Online  upstreamonline.com 24 Jun 00:02 GMT Josh Lewis

    Curlew FPSO berths in Dundee ahead of decommissioning

    Vessel arrives for decontamination on way for scrapping in Turkey after 20 years in North Sea

    Online  upstreamonline.com 23 Jun 18:47 GMT Rob Watts

    Teekay deal for Alpha’s Cheviot lapses

    Floater provider says agreement has been terminated and it is pursuing alternative options for deployment of unit

    Online  upstreamonline.com 22 Jun 07:23 GMT Rob Watts

    Pemex lays out exploration, production plans

    State-led Mexican oil company details strategy for shallow water and onshore-oriented portfolio

    Online  upstreamonline.com 21 Jun 19:07 GMT Kathrine Schmidt

    US drillers gain one oil rig

    Texas loses four rigs, down 70 from last year's count

    Online  upstreamonline.com 21 Jun 17:23 GMT Julia Martinez

    US oil soars 10% in week on Iran conflict fears

    US trade talks with China also helped to support prices

    Online  upstreamonline.com 21 Jun 15:29 GMT Reuters

    Sembmarine gains parental support

    Struggling offshore fabrication unit handed new loan facility to stave off liquidity challenges amid orders slump

    Online  upstreamonline.com 21 Jun 13:24 GMT Steve Marshall

    Total axes 200 jobs in Denmark

    French operator cuts positions as part of redevelopment of Tyra gas field

    Online  upstreamonline.com 21 Jun 08:48 GMT Reuters

    Arctic LNG 1 issues well tender

    Contractor sought to sink fresh exploration well on West Siberia block as parent Novatek targets LNG projects

    Online  upstreamonline.com 21 Jun 08:42 GMT Vladimir Afanasiev

    LOTOS buys Maersk jack-up

    Polish contractor acquires aged jack-up for drilling work mainly in Baltic Sea

    Online  upstreamonline.com 21 Jun 07:30 GMT Steve Marshall

    Andalas awarded Indonesian workovers

    Deal also gives company the option to gain a particpating interest in new production

    Online  upstreamonline.com 21 Jun 06:47 GMT Josh Lewis

    Rig secured for Surat exploration campaign

    Project Range joint venture to start drilling in Queensland as early as next week

    Online  upstreamonline.com 21 Jun 06:06 GMT Josh Lewis

    Santos delayed at Dukas-1

    Exploration well in the Northern Territory set to resume drilling after rig repairs

    Online  upstreamonline.com 21 Jun 05:48 GMT Josh Lewis

    OceanMight in Sarawak award

    KBB subsidiary to carry out EPC work at Vestigo Petroleum's Anjung Kecil field

    Online  upstreamonline.com 21 Jun 04:05 GMT Josh Lewis

    Inpex submits revised Abadi plan

    Plan to develop onshore field via onshore plant submitted to Indonesian authorities

    Online  upstreamonline.com 21 Jun 03:23 GMT Josh Lewis

    Empire sells Kansas assets

    Funds from sale to be used to partly fund company's core Australian shale assets

    Online  upstreamonline.com 21 Jun 01:12 GMT Josh Lewis

    Oil jumps 5% on Iran tension

    Potential US fed rate cut helped support prices

    Online  upstreamonline.com 20 Jun 23:04 GMT Reuters

    Santos adds near Dorado

    Santos has added to its offshore exploration portfolio in the Dorado-Roc-Phoenix oil and gas region off Western Australia. Block WA-540-P was awarded to Santos on a 100% basis by the Australian regulator on 6 June 2019. It lies immediately north of the four permits that Santos owns in the Bedout sub-basin, which contain the large Dorado oil and gas discovery, and the satellite Roc and Phoenix dis

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Russell Searancke

    Players line up merger deal

    Private equity-backed US player Chisholm Oil & Gas is set to acquire Oklahoma-focused Gastar Exploration through a definitive merger agreement. The combined company will have net production of around 20,000 barrels per day and a combined acreage position of about 165,000 net acres, primarily in Oklahoma's Kingfisher County. The deal is expected to close in the third quarter of this year. Gastar

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Caroline Evans

    Jack-up on way to Pemex job

    Pemex is set to start drilling with a Chinese-owned jack-up off Mexico at the end of July or early August. The F&G JU2000E-design newbuild, owned by Shanghai Zhenhua Heavy Industries (ZPMC), is en route from China to Mexico aboard heavy transport vessel HLV Zhen Hua 15. The rig, which is on contract to Mexican services player Marinsa for around two years, is set to be operated by Pemex Drilling

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Xu Yihe

    Plans for Alaska's Nuna find

    ConocoPhillips is set to acquire the Nuna discovery on Alaska's North Slope from privately-owned Caelus Natural Resources and plans to appraise the prospect over the next few years ahead of a final investment decision. The assets to be acquired include 11 tracts covering 21,000 acres. No purchase price was revealed. The Nuna prospect, which was announced as a discovery in 2012, lies just east of

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Caroline Evans

    Maha doubles output at Tie

    Swedish-owned independent Maha Energy has placed a new well on stream in the onshore Tie field in Brazil, doubling output in the mature Reconcavo basin development to 4050 barrels per day of oil. The Attic well produced at flow rates of 2932 bpd during tests, but due to surface equipment limitations, Maha opted to produce about 2000 bpd from the Agua Grande and Sergi reservoir zones. The company

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Fabio Palmigiani

    Unlikely alliance a sign of strange times

    It is not often the trade union movement seeks to ride to the rescue of an oil supermajor like BP, as was seen this week in the UK North Sea. The RMT union accused Greenpeace of “irresponsible” behaviour when it tried to halt a Transocean rig chartered by BP. Jake Molloy, regional organiser for RMT, said campaigners should concentrate on those burning coal or other higher-carbon fuels. The appa

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Global Mediator

    US-Iran tensions back on the boil

    Basra rocket attack raises the stakes as US sends in more troops and Tehran ramps up uranium production

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Nassir Shirkhani

    Mexico's deep-water set to step up a gear as plans for exploration are set in motion

    The deep-water sector in Mexico is about to get even more interesting. Operators that won blocks in the country's Round 2.4 deep-water bid offering are wrapping up the paperwork to begin tackling exploration work, led by a massive programme by Shell, which has committed to drill 13 of the 23 wells promised in the round. We have seen glimmerings so far of Mexico's deep-water potential — begun some

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Kathrine Schmidt

    Guyana goes the right way

    The Caribbean Court of Justice (CCJ) gave its ruling this week on the validity of a controversial no-confidence vote that went against President David Granger’s coalition government in Guyana, writes Gareth Chetwynd. The CCJ decision, which was an interpretive ruling on Guyana’s constitution, means that early elections are likely to bring a new government to office just as this sparsely populated

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Gareth Chetwynd

    Missile strike in Iraq threatens to further strain US-Iran relations

    A rocket hit a site in Iraq used by international oil companies — including US supermajor ExxonMobil — in the city of Basra mid-week, threatening to further escalate US-Iran tensions after a pair of attacks against shipping in the Persian Gulf on 13 June, writes Nassir Shirkhani. Iraq’s military said three people were wounded in the 19 June strike by a short-range Katyusha missile. It struck the

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Nassir Shirkhani

    Guyana faces elections after CCJ ruling

    Caribbean Court of Justice decides that controversial no-confidence vote against president was valid, with polls set to be called early

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Gareth Chetwynd

    Construction to start on TMX this summer

    Canada's Cabinet has approved the controversial Trans Mountain pipeline expansion (TMX) to carry more crude from Alberta's oil sands to the British Columbia coast, writes Caroline Evans. Construction is set to start this summer, Prime Minister Justin Trudeau said this week. Trudeau said the pipeline was necessary for Canadian crude to access markets outside the US, adding that "every dollar" mad

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Caroline Evans

    Gazprom cool on contract

    Political uncertainty and the ongoing restructuring of Ukraine's market has led Russia's Gazprom to argue there is unlikely to be any imminent new contract for the transit of gas through its neighbour to European markets, writes Vladimir Afanasiev. Gazprom board member Yelena Burmistrova said this week the upcoming reshuffle in Ukraine's government and elections for the country's parliament has l

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Vladimir Afanasiev

    Hopes London talks can net $7 billion of foreign direct investment into sector

    NIGERIA aims to attract some $7 billion of foreign direct investment into the upstream oil and gas sector based on deals under negotiation in London this week, according to Nigerian National Petroleum Corporation (NNPC) managing director Maikanti Baru, writes Barry Morgan. Baru said current Nigerian oil and gas condensates production combined stood at 2.32 million barrels per day, while domestic

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Barry Morgan

    Hurricane sells first cargo of oil from EPS at Lancaster

    UK independent Hurricane Energy has started oil exports from the early production system at its Lancaster field in the West of Shetland region off the UK, writes Rob Watts. Hurricane confirmed that the first cargo was sold earlier this week after being lifted from the Aoka Mizu floating production, storage and offloading vessel by the Amundsen Spirit shuttle tanker. It added that the cargo was ma

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Rob Watts

    Allseas lifts at Brent B

    Allseas’ heavy-lift vessel Pioneering Spirit has removed the 25,000-tonne topsides of Shell's Brent Bravo platform in the North Sea in a single lift, a decommissioning operation that took about four hours. Located 185 kilometres north-east of the Shetland Islands, the Brent Bravo platform comprised a topsides structure supported by three steel-reinforced concrete legs in about 140 metres of water

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Rob Watts

    Four bid for Black Sea block

    Four companies are said to have submitted bids for exploration and development rights covering the Dolphin offshore block in the Black Sea off Ukraine despite the continuing political wrangle between recently elected President Vladimir Zelensky and the nation’s parliament, the Rada, writes Vladimir Afanasiev. According to the authorities, applications to enter into talks with the government on a

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Vladimir Afanasiev

    Snadd and Black Vulture finds in frame for Norne FPSO

    Equinor has unearthed another pair of discoveries in the vicinity of its Norne field in the Norwegian Sea that are likely tie-back candidates to the field’s floating production, storage and offloading vessel, writes Steve Marshall. The Snadd Outer Outer gas find and Black Vulture oil discovery are estimated by the state-controlled operator to hold combined recoverable resources of between 3 mil

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Steve Marshall

    Korpfjell prospect is a disappointment again

    Second Equinor wildcat targeting deep formation comes up mostly dry in Barents Sea, and well is permanently plugged and abandoned

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Steve Marshall

    Shell lines up semisub

    Shell has chartered Dolphin Drilling’s semi-submersible rig Borgland Dolphin for one firm well, plus options for two more, at the Knarr field off Norway. The contract, which firms up an earlier letter of intent, entails development drilling work at the North Sea field, with a fixed value of $15 million including mobilisation costs. Work is due to start between February and May next year, with

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Steve Marshall

    Report calls for hydrogen push

    International Energy Agency document highlights potential uses and challenges facing energy source

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Anamaria Deduleasa

    Nigerian gas flare round proceeds to evaluation phase

    THE Nigerian Gas Flare Commercialisation Programme (NGFCP) this week began pre-qualification assessment of 250 companies expressing interest in bidding for 178 flare sites across the Niger Delta, according to Department of Petroleum Resources (DPR) deputy director for gas Olusanya Bajomo, writes Barry Morgan. The Evaluation Committee, which plans to report its conclusions within a month, comprise

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Barry Morgan

    Neconde gets second wind on OML 42 as agreement is made for key loan deal

    NIGERIAN independent E&P player Neconde this month signed a $640 million secured medium-term loan facility with several local and international lenders to refinance capacity to develop Oil Mining Licence (OML) 42 for the next two decades. The lending consortium comprises four Nigerian institutions — Access Bank, Fidelity Bank, Zenith Bank and First Bank — and three international lenders, includin

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Barry Morgan

    Yinson nets long-term contract for Adoon

    Malaysian floater player Yinson has secured a long-term extension for its floating production, storage and offloading unit Adoon off Nigeria from Addax Petroleum Development. The subsidiary of Chinese state-owned giant Sinopec is holding onto the FPSO until 16 October 2022 under the new four-year extension, which is backdated to 17 October last year. The value of the contract as of 17 June this

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Eoin O'Cinneide

    New petroleum code on way for Gabon

    Updated law is in the final stages and only awaiting ministerial signature and presidential assent

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Barry Morgan

    Aker to resubmit in Ghana

    NORWAY-based Aker Energy has until the end of next week to resubmit its integrated plan of development for the Greater Pecan field, situated in the deep waters off Ghana’s western coast, writes Barry Morgan. Originally submitted on 28 March, Ghanaian authorities moved to query certain aspects of the development and, following exchanges, it was agreed that the plan would need to be resubmitted wit

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Barry Morgan

    Ivory Coast to target awards

    IVORY Coast Energy & Renewables Minister Abdourahmane Cisse has appointed Jean-Baptiste Aka Kadjo as his Director of Cabinet alongside a new Deputy Director, Viviane Ado Gossan. The country is expected to award two fresh offshore production sharing licences before the end of the month after direct negotiations conclude. Cisse said he aims to double oil and gas production by 2020, according to lo

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Barry Morgan

    Protest thwarts drill plan

    BP's plans to drill on its Vorlich oilfield in the UK North Sea were thwarted this week after continued protests by Greenpeace activists forced a Transocean-owned rig into a number of about-turns, writes Anamaria Deduleasa. The protest, now in its second week, has forced the semi-submersible Paul B Loyd Jr into numerous deviations, after two rigid hull inflatable boats were deployed from the Gree

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Anamaria Deduleasa

    Petrobras to enter talks over two Marlim FPSOs

    Negotiations lined up with Yinson and Modec for units to revitalise ageing field

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Fabio Palmigiani

    Petrobras plans EWT at Farfan

    Petrobras is planning to start an extended well test (EWT) at the Farfan field in August, almost one year behind the original schedule and, according to sources, hopes to see through a farm-out offer in the same region soon afterwards, writes Gareth Chetwynd. The EWT will be carried out by the BW Offshore-owned Cidade de Sao Vicente floating production, storage and offloading unit. The vessel i

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Gareth Chetwynd

    CNH nod for Ixachi field plan

    Mexico’s National Hydrocarbons Commission (CNH) has approved a development plan by state oil company Pemex covering production from the key onshore Ixachi field, writes Kathrine Schmidt. Bringing that discovery to production has been designated as one of the priority projects of President Andres Manuel Lopez Obrador’s administration, which is making a major push to boost the country’s declining p

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Kathrine Schmidt

    Security 'the big risk' at Rovuma development

    The head of upstream at ExxonMobil has cited security as the biggest risk faced at the planned Rovuma liquefied natural gas development in Mozambique, where the US supermajor and its partners have recently received approval for their plan of development, writes Eoin O'Cinneide. The company and partners, including Italian major Eni and China National Petroleum Corporation (CNPC), are set to sancti

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Eoin O'Cinneide

    Permian to lead US onshore output

    The prolific Permian basin is set to lead the production increase in seven US onshore shale plays for the month of July, adding 55,000 barrels per day to a record 8.52 million bpd, according to a monthly report from the US Energy Information Administration (EIA), writes Julia Martinez. Crude output is set to increase by 70,000 bpd, with the majority of the boost coming from the Permian of south-e

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Julia Martinez

    Call of the sea takes Barros from finance to Seadrill role

    Rig contractor's commercial director for Latin America South is pushing for more business and greater diversity in the industry

    Weekly  upstreamonline.com 20 Jun 22:00 GMT Fabio Palmigiani

    Chevron in transition to pre-salt

    US supermajor Chevron has taken a U-turn in Brazil in recent years, relinquishing post-salt production assets and instead acquiring exploration blocks to target pre-salt deposits, writes Fabio Palmigiani. “Chevron has been in Brazil for nearly two decades and pretty much since the opening of the oil and gas market for international players,” says Chevron Brazil country manager Mariano Vela. The

    Focus Editions  upstreamonline.com 20 Jun 22:00 GMT Fabio Palmigiani

    Appraisal call to come

    Brazilian oil giant Petrobras plans to decide by March 2020 if it will continue appraisal drilling in the centre and south-eastern sections of the Libra pre-salt accumulation, writes Fabio Palmigiani. Since exploration work started in the wider Libra play five years ago, Petrobras has focused on drilling in the north-western portion, which was later declared the Mero field. Only three wells were

    Focus Editions  upstreamonline.com 20 Jun 22:00 GMT Fabio Palmigiani

    Fourth in the chain may be scaled down

    The first three floaters in Mero will be able to produce 180,000 barrels per day of oil and 12 million cubic metres per day of gas each, but the Mero-4 FPSO could be slightly smaller, at 150,000 bpd, according to Petrobras executive manager for the Libra (Mero) project Fernando Borges. The possible scaling down comes as Petrobras continues to analyse results from a well drilled in the area. “The

    Focus Editions  upstreamonline.com 20 Jun 22:00 GMT Fabio Palmigiani

    Riser inspection study is turning up results

    The 1% royalty levy that Brazil uses to fund oil and gas research and development, applied in circumstances where leading operators are working together to solve pre-salt challenges, is starting to produce some interesting new developments, writes Gareth Chetwynd. A key area of research for Petrobras, Shell and other partners in the first phase of pre-salt development is the issue of riser inspec

    Focus Editions  upstreamonline.com 20 Jun 22:00 GMT Gareth Chetwynd