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  • Expert panel in Colombia gives nod to unconventionals

    Recommendation could push government to make fracking decision soon

    Online  upstreamonline.com 52 minutes old Julia Martinez

    Anadarko signs another Mozambique LNG deal

    Deal is second with Indian players in past week

    Online  upstreamonline.com 1 hours old Julia Martinez

    Noble closes in on Leviathan start-up

    US independent said project off Israel about 75% complete following jacket installation

    Online  upstreamonline.com 5 hours old Kathrine Schmidt

    Gazprom Neft lines up Dolginskoye plans

    Russian state giant aiming to commercialise oil assets in southern flank of Pechora Sea field

    Online  upstreamonline.com 6 hours old Vladimir Afanasiev

    Llog takes over Leon operatorship

    US independent moves into driving seat in two blocks associated with 2014 discovery

    Online  upstreamonline.com 6 hours old Kathrine Schmidt

    Oil hovers below 2019 highs on Opec cuts

    Oil was close to its 2019 high of almost $67 a barrel on Tuesday, supported by Opec-led supply cuts although gains were capped by concerns about slowing economic growth that could hit demand. The supply curbs led by Opec have helped crude oil prices to rise more than 20% this year. US sanctions against Opec members Iran and Venezuela have also tightened the market. Brent crude slipped 21 cents t

    Online  upstreamonline.com 7 hours old Reuters

    Indonesia find 'at least 2 Tcf': Repsol

    Spanish operator issues recoverable resource estimate for onshore gas discovery

    Online  upstreamonline.com 8 hours old Steve Marshall

    Germany calls for Brent decom 'review'

    Leaked documents indicate concerns over plans to leave North Sea structures in place as UK denies backing proposal: reports

    Online  upstreamonline.com 11 hours old Steve Marshall and News Reports

    Novatek targets Gydansky drilling

    Russian independent looking to resume exploration work on remote block on Gydan Peninsula

    Online  upstreamonline.com 12 hours old Vladimir Afanasiev

    Wood wins Vigdis job

    UK player gets EPCI modifications contract for increased oil recovery project

    Online  upstreamonline.com 12 hours old Beate Schjølberg

    BW targets third phase at Dussafu

    Operator sees decision by year-end on wellhead platform to exploit further finds in block off Gabon after Tortue reserves upgrade

    Online  upstreamonline.com 13 hours old Steve Marshall

    BW sees profits dip

    Increased expenses offset rise in revenue

    Online  upstreamonline.com 14 hours old Josh Lewis

    Brent eases from 2019 highs

    Concerns over the health of the global economy weighs on prices

    Online  upstreamonline.com 15 hours old Reuters

    Origin sells Ironbark to APLNG

    Company to remain responsible for the development as upstream operator of APLNG

    Online  upstreamonline.com 16 hours old Josh Lewis

    Oil Search books higher profits and reserves

    Company also reveals progress being made on proposed PNG LNG expansion

    Online  upstreamonline.com 17 hours old Josh Lewis

    Golden Pass job for Air Products

    US contractor to provide its liquefaction technology and cryogenic heat exchangers

    Online  upstreamonline.com 18 hours old Russell Searancke

    Monadelphous sees profits slip

    Lower revenues in the first half of the financial year hits results

    Online  upstreamonline.com 18 hours old Josh Lewis

    Equinor releases Bight plan

    Draft environmental plan for Australian offshore campaign open for public comments

    Online  upstreamonline.com 19 hours old Josh Lewis

    Skandi Olinda starts Petrobras contract

    Pipelay vessel owned by TechnipFMC and DOF Subsea joint venture delivered by Vard

    Online  upstreamonline.com 20 hours old Josh Lewis

    Transocean reduces red ink

    Company narrows net loss but posts weaker underlying performance

    Online  upstreamonline.com 21 hours old Josh Lewis

    Oil rises on optimism over Opec deal

    Oil rose for a fifth day on Monday, on track for its strongest first quarter in eight years, thanks to a growing belief among investors that Opec's supply cuts will prevent a build-up in unused fuel, though concern over China's economy tempered gains. Brent futures were last up 22 cents at $66.47 a barrel by 3:57pm GMT, having touched a 2019 high of $66.83, while US futures rose 35 cents to $55.9

    Online  upstreamonline.com 18 Feb 17:02 GMT Reuters

    Lukoil, KazMunaiGaz near Zhenis deal

    Russian and Kazakh companies moving closer to exploration and development deal in Caspian Sea

    Online  upstreamonline.com 18 Feb 16:41 GMT Vladimir Afanasiev

    Tulip starts-up Q10 off the Netherlands

    Dutch independent sees gas production from well QA-01

    Online  upstreamonline.com 18 Feb 16:28 GMT Anamaria Deduleasa

    Steelhead halts Kwispaa LNG

    Project developer stops work on the export facility in British Columbia

    Online  upstreamonline.com 18 Feb 14:32 GMT Anamaria Deduleasa

    KCA Deutag in rig deal haul

    UK contractor wins drilling work worth $110m in Mid-East, Russia and Africa

    Online  upstreamonline.com 18 Feb 14:16 GMT Steve Marshall

    McDermott lands Pan Malaysia work

    US-based engineering giant to provide offshore work for the Malaysian field

    Online  upstreamonline.com 18 Feb 12:34 GMT Anamaria Deduleasa

    Qatar launches industry-focused 'localisation programme'

    State player inks over $2bn- worth of deals with Baker Hughes, Schlumberger and McDermott aimed at building in-country skills

    Online  upstreamonline.com 18 Feb 12:15 GMT Nishant Ugal

    ADES wins Saudi Arabia rig gig

    Contractor to order pair of newbuilds after gaining long-term contracts for onshore drilling work

    Online  upstreamonline.com 18 Feb 10:04 GMT Steve Marshall

    Sirius deal in Nigeria extended

    London-based player gets extra 45 days to complete participation in Ejulebe development

    Online  upstreamonline.com 18 Feb 09:03 GMT Beate Schjølberg

    First job for Deepsea Nordkapp

    Odfjell-owned newbuild to make debut for Aker BP off Norway with well-plugging work at Jette field

    Online  upstreamonline.com 18 Feb 09:03 GMT Steve Marshall

    Kosmos founder to retire

    Exploration chief Brian Maxted to step down, to be succeeded by Tracey Henderson

    Online  upstreamonline.com 18 Feb 08:41 GMT Beate Schjølberg

    Total acquires Avalon seismic

    Data licenced from larger shoot carried out by TGS off Ireland in 2017

    Online  upstreamonline.com 18 Feb 08:09 GMT Josh Lewis

    Wintershall duster at Marisko

    German explorer fails to deliver the good with wildcat in Norwegian Sea

    Online  upstreamonline.com 18 Feb 08:03 GMT Steve Marshall

    Repsol makes Sumatran find

    Exploration well in Indonesia hits gas in the Sakakemang PSC

    Online  upstreamonline.com 18 Feb 07:25 GMT Josh Lewis

    Oil rises and falls in early trade

    Prices hit 2019 high before falling away later in the session

    Online  upstreamonline.com 18 Feb 04:23 GMT Reuters

    Oz faces LNG competition

    World's largest LNG exporter must work to remain competitive

    Online  upstreamonline.com 18 Feb 03:41 GMT Josh Lewis

    Armour gets reserves boost

    Proved plus probable reserves jump 56% from recent October estimate

    Online  upstreamonline.com 18 Feb 02:12 GMT Josh Lewis

    Drilling starts at Winx-1

    Drilling starts on exploration well targeting Alaska's Nanushuk play

    Online  upstreamonline.com 18 Feb 01:08 GMT Josh Lewis

    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

    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 ....