You are here

Upstream News

Global coverage of exploration and production, field development, shale, fracking and other upstream sector developments

13th April 2012

Petrobras has discovered a new good quality oil accumulation at a well to the north of Lula field, in the Santos Basin pre-salt cluster, the Brazilian oil giant announced on 13 April.The new well, known as...
13th April 2012

A Latin American subsidiary of Russia’s third biggest lender will operate two oil fields in northwestern Venezuela in a joint venture with Corporacion Venezolana del Petroleo, or CVP, the government said....
12th April 2012

Global offshore design company, Keppel Offshore & Marine Ltd has agreed with Brazilian drilling-rig holding Sete Brazil to construct five semisubmersible deepwater drilling rigs designed to make the...
11th April 2012

China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Eni China B.V. for a deepwater block in South China Sea, it announced on 11 April.The block “30/27” is...
10th April 2012

Brazilian oil giant, Petrobras on Monday confirmed the presence of "good quality" crude measuring 21º to 26º on the American Petroleum Institute scale, in an area 223 KM south of Rio de Janeiro.Drilling of...
2nd April 2012

Canadian energy company, East West Petroleum Corporation has signed an oil production sharing contract (PSC) with India’s directorate general of hydrocarbons.   The contract involves exploration of...
2nd April 2012

Russian energy giant, Gazprom has completed drilling of five gas condensate production wells at a field off the western coast of the Kamchatka Peninsula.After the wells have been constructed and connected,...
30th March 2012

Global company FMC Technologies Inc. has signed a four-year agreement to provide sub-sea oil equipment to Brazilian oil giant Petrobras to help it unlock vast reserves in hard-to-reach areas.FMC...
30th March 2012

State-run Indian company, Oil & Natural Gas Corp will sign an agreement with ConocoPhillips to explore and develop shale-gas reserves and deep-water oil and gas blocks, it emerged on Friday.The...
29th March 2012

Hard-to-reach oil fields in Brazil could be conquered with the help of innovative floating technology devices, according to a new report by business intelligence company GlobalData.As fast as reserves of...

Pages