Upstream
Upstream News
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It's a buyers' market as latest lease sale wraps up
The US Gulf of Mexico region wide Lease Sale 252 was held today, 20 March 2019. The sale attracted 257 bids from 30 companies, with high bids totalling US$244.3 million. Read more
Mar 25, 2019
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McDermott awarded substantial offshore EPCI contract in the Middle East
McDermott International, Inc. (NYSE: MDR) announced today a substantial* contract award from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf. Read more
Mar 25, 2019
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Record-breaking lift completes the Johan Sverdrup field centre
Three days – that’s what it took to lift four of the last pieces in the Johan Sverdrup puzzle into place – the two final platform topsides, a bridge and a flare stack. The processing platform lift was the heaviest lift ever performed offshore. Read more
Mar 25, 2019
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The U.S. Gulf Coast became a net exporter of crude oil in late 2018
Several continuing trends pushed crude oil exports higher and imports lower and resulted in the Gulf Coast (defined as Petroleum Administration for Defense District, or PADD, 3) becoming a net crude oil exporter in the last two months of 2018. Read more
Mar 19, 2019
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Johan Sverdrup living quarters topside ready for sail-away
With 560 beds the Johan Sverdrup living quarters topside is the largest of its kind in Norway. The fourth and last platform for the first phase of the giant project is now ready for sail-away from Kværner’s yard on Stord to the Johan Sverdrup field Read more
Mar 18, 2019
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Norway to offer more acreage for Arctic oil exploration
The Norwegian government plans to expand the offshore oil and gas acreage offered to oil companies under its annual licensing round in so-called predefined areas (APA), Oil and Energy Minister Kjell-Boerge Freiberg told a conference on Thursday. Read more
Mar 14, 2019
