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Upstream News

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

US firms eye oil projects in South China Sea
18th July 2012

US firms are gearing up to bid for oil exploration projects in the South China Sea area, China National Offshore Oil Corp (CNOOC) said on Tuesday.CNOOC chairman Wang Yilin said the US is ‘displaying...
Brazilian supplier invests in O&G tech research
18th July 2012

An Indian engineering company is poised to make significant investments in developing Brazil’s oil-rich pre-salt basin, it emerged on Tuesday.The Brazilian arm of India’s Wipro Engineering Infrastructure,...
Brazilian oil firm approves six drilling rigs
17th July 2012

Brazilian oil giant, Petrobras has given the go ahead for the construction of six new oil platforms, the firm said on Friday.The floating and semisubmersible platforms will be used for well drilling in the...
Indian firm ups Saudi imports amid Iranian sanctions
17th July 2012

Indian oil giant Mangalore Refinery and Petrochemicals Limited (MRPL) will buy crude from Saudi Arabia, UAE and Azerbaijan amid pressure on Tehran from Western countries to drop oil imports from the Islamic...
UK O&G tech firms eye Brazilian opportunity
17th July 2012

A series of damning safety audits on Brazil’s oil and gas industry could pave the way for fresh market opportunities for UK suppliers of corrosion and integrity services, it emerged on Friday.Brazil’s main...
Brazilian oil giant launches new oil platform
16th July 2012

Petrobras has christened the self-raising platform P-59 in São Roque do Paraguaçu, Brazil, in a ceremony attended by President Dilma Rousseff and head of Petrobras Maria das Graças Silva Foster.The drilling...
Indian firm eyes Afghan O&G potential
16th July 2012

Indian oil giant, India’s Oil and Natural Gas Corp Ltd (ONGC Videsh), has been shortlisted to develop a six-block gas tender in the western half of the Afghan-Tajik basin.The investment branch of the firm,...
13th July 2012

State-owned oil company, Petrobras, has made a fresh discovery in the post-salt layer of the Espírito Santo Basin, it announced this week.The oil giant, hailing a current discovery rate of 85 per cent, said...
Russian drilling in Cuba delayed by US embargo
13th July 2012

Russian oil firm, Zarubezhneft’s plans to explore its first well off the northern coast of Cuba have been halted, following reports that its rig is in violation of a five-decade US economic blockade on the...
13th July 2012

Public and private firms will invest PLN 1 billion (USD 290m) in financing projects aimed at developing Polish shale gas production technologies, according to reports this week.One quarter each will...

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