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Upstream News

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

Chevron, Schlumberger, Total spur exploration tech development
27th July 2012

French major Total will team up with O&G giants Chevron and Schlumberger to produce technology to meet new exploration and field challenges, the firms announced on Thursday. The partnership will involve...
27th July 2012

Shell is in serious talks with Gazprom and other major oil and gas competitors as it seeks to expand yet further into the Russian market, its CEO Peter Voser said on Thursday.Voser made the announcement as...
UK oil tools firm launches Chinese factory
26th July 2012

A UK oilfield designer has ventured into the Chinese market in a bid to boost current and new product lines to cater for the Asian and Middle Eastern markets, it emerged this week.Downhole Products Plc,...
Pre-salt basin discoveries spurned technology wave – report
26th July 2012

The discovery of pre-salt fields in 2006 lent a significant push to technological developments in Brazil, according to a report released by Petrobras on Tuesday. The Brazilian giant’s current exploration...
25th July 2012

Rosneft has signed a landmark agreement with ENI to finance geological works at three offshore Russian license blocks, it emerged this week.The Russian energy giant, with its subsidiary Val Shatskogo,...
Tech development boosts oil finds in Kenya
24th July 2012

Development of computing technology boosted discovery of oil deposits in East Africa, as technological progress revolutionizes oil exploration in the region, it emerged on Sunday.New technologies have...
Eastern Europe to helm shale gas revolution
24th July 2012

Ukraine and Poland edge closer to reducing their dependence on Russian gas imports through shale gas development, a report by GlobalData highlighted on Monday. Eastern Europe has often been described as the...
Canadian oil service firm opts for high deviation tech
23rd July 2012

A Scottish O&G tech firm announced a three year contract with a Canadian oil service company on Monday.Aberdeen-based Omega Completion Technology Ltd will supply Versa Line Services with equipment for...
Brazilian and Argentine firms team up on shale gas project
23rd July 2012

A Brazillian mining firm has confirmed that it will go ahead with a multibillion dollar mining project in Argentina, it emerged on Friday. Shale gas will be developed as the project’s power source.Brazil’s...
Chevron refutes Brazilian regulator’s spill report
20th July 2012

Brazil’s oil and gas regulator issued a damning report on Thursday about an oil spill last year caused by a major US oil firm.The Agência Nacional de Petróleo (ANP) released a final report on Thursday on...

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