Search results for: Upstream PS

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  • 9 May 2016
    Business & Finance

    Upstream Production Solutions (Upstream PS) signed a contract with Northern Oil and Gas Australia (NOGA) to operate the Northern Endeavour floating production storage and offloading facility (FPSO) in the Timor Sea. GR Engineering, Upstream PS’ parent company, said on Monday the initial contract for the FPSO operation and maintenance was for three years. The FPSO is moored […]

  • 1 June 2020
    Business & Finance, Business developments & projects, Infrastructure, Vessels

    MMA Offshore has been awarded a support contract with Upstream Production Solutions for the MPSV Mermaid Searcher.

  • 6 February 2015
    Project & Tenders

    Upstream Production Solutions, a unit of GR Engineering, has entered into a second master services agreement with Origin.

  • 6 February 2015
    Project & Tenders

    Upstream Production Solutions, a unit of GR Engineering, has entered into a second master services agreement with Origin.

  • 17 February 2020
    Infrastructure

    Australian government has hired  Upstream Production Solutions to operate the Northern Endeavour FPSO following an unprecedented event in the offshore oil and gas industry in Australia where an oil and gas company has been placed into liquidation.

  • 10 May 2016
    Project & Tenders

    GR Engineering Services on Tuesday said that its unit, Upstream Production Solutions, has signed a maintenance services agreement for Australia Pacific LNG operations with Origin.

  • 6 April 2020
    Business developments & projects, Project & Tenders

    Upstream PS, a wholly-owned subsidiary of GR Engineering Services, has entered into a three-year contract with Triangle Energy for the provision of operations and maintenance services to the Arrowsmith Stabilisation Plant (ASP) and Cliff Head Alpha offshore platform in Australia.

  • 15 May 2020
    Authorities & Government, Business & Finance, Business developments & projects, Operations & Maintenance

    Upstream Production Solutions has been awarded a contract to provide operations and maintenance to the Northern Endeavour FPSO and associated infrastructure located offshore Australia.

  • 21 May 2020
    Business & Finance, Business developments & projects, Exploration & Production

    The Covid-19 pandemic and the price crisis it has brought upon the oil and gas sector have hit the profitability of exploration and production (E&P) companies hard.

  • 12 June 2020
    Business & Finance, Business developments & projects, Exploration & Production

    Global spending is now forecasted to reach $383 billion this year, the lowest level in 15 years and a staggering 29 per cent decrease of $156 billion compared to 2019, according to Rystad.

  • 15 June 2016

    The embattled crude oil and natural gas industry worldwide has slashed capital spending to a point below the minimum required levels to replace reserves — replacement of proved reserves in the past constituted about 80 percent of the industry’s spending; however, the industry has slashed its capital spending by a total of about 50 percent […]

  • 6 January 2016

    Despite an ample supply of oil and gas assets on the market due to low oil prices, the overall merger and acquisition (M&A) deal count in the upstream energy sector plunged in 2015 as the weakness and volatility in oil prices made it difficult for buyers and sellers to achieve consensus on value and outlook. […]

  • 3 June 2020
    Business & Finance, Business developments & projects, Exploration & Production, Market outlooks

    Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.

  • 23 October 2012
    Business & Finance

    In 1937, the chance that the marine welding engineer Lambertus van Ouwerkerk would ever believe that he was at the birth of an organization that would become a global market leader was highly unlikely. Nevertheless, thanks to this pioneer the originally Dutch company Röntgen Technische Dienst (RTD) is now celebrating its 75th anniversary. The company, […]

  • 14 January 2020

    A strong 2019 provided telltale signs that the industry was entering a new offshore investment cycle, stated Espen Erlingsen, head of upstream research at Rystad Energy.

  • 18 November 2019
    Business & Finance

    Norway’s Rystad Energy said the deal between Saipem and Subsea 7 would create the fourth-largest oilfield service company. 

  • 23 July 2020
    Business & Finance, Business developments & projects, Outlook & strategy, Transition

    Hit by the Covid-19 downturn, the oilfield service market is not likely to rebound to last year’s activity level until 2023, according to a Rystad Energy analysis.

  • 24 July 2017

    World’s total energy investment in 2016 fell to $1.7 trillion, a 12 percent drop versus $1.9 in 2015, dragged down by the oil companies’ lack of spending which was slashed by a quarter. According to a report released by the International Energy Agency (IEA), while the world experienced a 9% increase in spending on energy […]

  • 10 February 2016
    Business & Finance

    Nobel Upstream, the independent UK-based exploration and production company, has signed a sale and purchase agreement to acquire a 7.59 percent non-operated interest in the Maclure oil and gas field, in the UK North Sea, from Shell. Completion of the transaction remains subject to necessary approvals. The Maclure field was discovered in 1991 and put […]

  • 7 May 2014
    Business & Finance

    Enteq Upstream PLC, a provider of systems and components for Measurement While Drilling and directional drilling, has appointed CS Fan as China and South East Asia sales manager, announced Martin Perry, Enteq’s chief executive officer. Based in Dongying, China, near the Shengli Oilfield, Fan’s responsibilities include developing the company’s logistics and support infrastructure, while expanding Enteq’s growth […]

  • 12 November 2018
    Business & Finance

    Malaysia’s Sapura Energy and Austria’s OMV have signed a share subscription agreement and a shareholders’ agreement to form a strategic partnership. 

  • 18 March 2016
    Business & Finance, Equipment, Technology

    Van Oord, a Dutch contracting company that specializes in dredging and land reclamation, has selected Valeport’s SWiFT SVP for its various survey activities. The SWiFT SVP is designed to ensure a seamless workflow and has an integral GPS to geo-locate every profile. The compact unit features high accuracy sound velocity, pressure, temperature, salinity and density measurement, […]