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Indian giant starts hunt for 18 specialised vessels as it steps up offshore activity
July 14, 2023
Source: Upstream Online

Indian giant starts hunt for 18 specialised vessels as it steps up offshore activity

ONGC sets out aggressive plans to spend about $3.64 billion this financial year as part of government’s drive to reduce oil imports

Canadian offshore oil play set for multi-well exploration campaign
July 14, 2023
Source: Upstream Online

Canadian offshore oil play set for multi-well exploration campaign

Suncor Energy could drill up to 16 exploration and appraisal wells in prospective block in Newfoundland & Labrador

TotalEnergies begins production at natural gas field offshore Azerbaijan
July 11, 2023
Source: World Oil

TotalEnergies begins production at natural gas field offshore Azerbaijan

TotalEnergies and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) announced the start of production of the first phase of development of the Absheron natural gas and condensate field in the Caspian Sea, around 100 km south-east of Baku.

Thai oilfield shut down again after second FSO incident within months
July 10, 2023
Source: Upstream Online

Thai oilfield shut down again after second FSO incident within months

Valeura Energy shuts in 2400 barrels per day of oil at Wassana after floating storage and offloading vessel hits Calm buoy

APAC-focused independent in managerial shake-up
July 3, 2023
Source: Upstream Online

APAC-focused independent in managerial shake-up

Singapore-headquartered upstream independent Jadestone Energy intends to strengthen its executive management team following the past several months that its chairman Dennis McShane admits have been “disappointing” to all its stakeholders.

Booming jack-up drilling market means rewards for shareholders
June 22, 2023
Source: Upstream Online

Booming jack-up drilling market means rewards for shareholders

Borr and Shelf say capital returns to shareholders will be enabled by thriving market conditions

Fire on board Equinor production platform offshore Norway
June 22, 2023
Source: Upstream Online

Fire on board Equinor production platform offshore Norway

A small fire has reportedly been extinquished quickly on board Equinor's Gina Krog production platform in the Norwegian North Sea. There were no injuries reported from the fire on Wednesday morning, but production has been shut down, according to Upstream's sister publication DN, which quoted a Norwegian police report.

Oil and gas exploration interest is growing, but will the money follow?
June 22, 2023
Source: Upstream Online

Oil and gas exploration interest is growing, but will the money follow?

New oil and gas is needed, but source of financing to drill remains an issue

Kraken FPSO update: UK safety regulator checking events that led to shutdown
June 16, 2023
Source: Upstream Online

Kraken FPSO update: UK safety regulator checking events that led to shutdown

The UK’s Health & Safety Executive (HSE) is examining the events that led to the shutdown several weeks ago of the Kraken offshore oilfield in the UK North Sea, which field operator EnQuest has still not acknowledged.

Shell chief Wael Sawan reveals strategy shift with focus on upstream cash flows and higher dividend
June 14, 2023
Source: Upstream Online

Shell chief Wael Sawan reveals strategy shift with focus on upstream cash flows and higher dividend

New Shell chief Wael Sawan has shown his hand at the supermajor with a long-anticipated strategy shift confirmed today.

Petrobras to contract subsea gear for FPSO pair in ultra-deepwater new frontier
May 30, 2023
Source: Upstream Online

Petrobras to contract subsea gear for FPSO pair in ultra-deepwater new frontier

Brazilian oil giant Petrobras has issued a tender to contract a fresh batch of subsea trees and associated equipment to assist in the development of two producing units to be deployed in the ultra-deepwater section of the Sergipe-Alagoas basin.

Saudi feast: Italian giant lands Aramco offshore contract
May 18, 2023
Source: Upstream Online

Saudi feast: Italian giant lands Aramco offshore contract

A leading Italian engineering and construction giant has landed a sizeable offshore contract from Saudi Aramco for work on its Marjan oilfield, as a part of the Saudi state giant’s long-term agreement (LTA) with international contracting players.

Three players chase DR Congo coastal basin play
May 15, 2023
Source: Upstream Online

Three players chase DR Congo coastal basin play

Oil companies have submitted expressions of interest in acreage, according the hydrocarbon minister

Seatrium secures two offshore wind contracts from Empire Wind
May 10, 2023
Source: World Oil

Seatrium secures two offshore wind contracts from Empire Wind

Seatrium Limited, through its wholly-owned subsidiary Sembcorp Marine Offshore Platforms Pte. Ltd. (“SMOP”), has secured a contract worth more than S$500 million for two offshore wind farm substations from Empire Offshore Wind LLC, a joint venture between Equinor and bp.

Worley returns to FEED on Shell's Sparta ultra-deepwater project in the US Gulf
May 8, 2023
Source: Upstream Online

Worley returns to FEED on Shell's Sparta ultra-deepwater project in the US Gulf

Australian contractor Worley has won a new services contract for Shell’s Sparta ultra-deepwater field development in the US Gulf of Mexico, for which the final investment decision is now targeted later this year, reprising its role when the project was set to leave the drawing board as TotalEnergies’ North Platte.

Equinor profits top forecasts in strong first quarter
May 4, 2023
Source: Upstream Online

Equinor profits top forecasts in strong first quarter

Analysts point to an impressive performance in a quarter where profit is falling back from record levels seen in 2022. Norwegian energy giant Equinor has posted stronger than expected first quarter results at a time it is playing a key role in European energy security.

Fresh chase begins for Adnoc's giant Hail & Ghasha sour gas development
May 2, 2023
Source: Upstream Online

Fresh chase begins for Adnoc's giant Hail & Ghasha sour gas development

Abu Dhabi National Oil Company (Adnoc) has kicked off a fresh tender process for multiple packages involving its multibillion-dollar Hail & Ghasha offshore sour gas development.

Plans emerge for Brazil's first CCS hub as Petrobras mulls possible partnership with Shell
May 2, 2023
Source: Upstream Online

Plans emerge for Brazil's first CCS hub as Petrobras mulls possible partnership with Shell

Brazilian oil giant Petrobras is preparing a pilot project for the capture and storage of industrial carbon dioxide emissions and is looking to build partnerships for the country's first full-scale CCS hub.

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