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Upstream News

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

Petrobras secures nine new oil rigs
13th August 2012

Petrobras has hashed deals with oil and gas service companies for the construction and operation of nine new oil rigs designed for use in the resource-rich pre-salt basin, the Brazilian oil giant said in a...
Schlumberger releases 2012 E&P software platform
10th August 2012

Oil and gas service firm Schlumberger has released its 2012 E&P software platform which delivers integrated analysis from exploration to production, the firm said in a press release on Thursday.The...
8th August 2012

Russian and US energy giants are competing for exploration rights to Ukraine’s Black Sea Skifska field, it emerged this week.Russia's Lukoil Overseas and a group led by ExxonMobil are bidding on the field,...
Chinese firm delivers world's first Buoyant Tower
8th August 2012

A Chinese oil and gas firm has announced the successful load out and sail the world’s first Buoyant Tower drilling and production platform to be used by a US energy company for exploration offshore Peru,...
Keppel to build five new oil rigs for Petrobras
7th August 2012

Singapore-based Keppel Offshore & Marine (Keppel O&M) has hashed a USD 4.1bn deal to build five semisubmersible offshore drilling rigs to be chartered to Brazilian oil giant Petrobras, Keppel said...
Russian firm hits another dry Cuban well
7th August 2012

Cuba’s latest deepwater exploratory well, co-tested by a major Russian oil company has come up dry, it emerged on Monday. The result comes as a blow both to Moscow – seeking to expand its overseas...
6th August 2012

OGT: What technologies are helping companies mitigate costs and risks associated with fracking? EID: Hydraulic fracturing is an innovative technology that is changing, and advancing by the minute.  In...
6th August 2012

Canada has been producing natural gas from shale in the Appalachian Mountains since the late 1800s but it is only in the last six decades, as the extraction technologies have evolved, has the potential of...
6th August 2012

Located in the Gulf of Mexico approximately 300km from New Orleans in Louisiana, lies the Caesar Tonga oil field. It is situated at a water depth of about 1,500m in blocks 683, 726, 727 and 770 of the Green...
6th August 2012

As oil consistently trades north of USD 80 per barrel and with natural gas coming more to the fore, a good deal of the easily accessible supplies are gone or dwindling. Production from the hard to reach...

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