Search results for: Upstream

5210 results

A list of search results

  • 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 […]

  • 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 […]

  • 28 August 2015

    OMV informed it has appointed Johann Pleininger as the Executive Board member responsible for Upstream as of September 1, 2015.

  • 27 January 2015

    Wood Mackenzie’s European upstream research team have assessed the most significant events of 2014 impacting Continental & Mediterranean Europe’s (all of Europe excluding UK and Norway) oil and gas sector, including the Ukraine Crisis and the collapse of global oil prices, identifying the key areas to watch this year.   James Webb, Manager for Continental […]

  • 14 August 2013
    Business & Finance

    On August 13, 2013 Rosneft and State Oil Company of the Republic of Azerbaijan (SOCAR) executed the Cooperation Agreement. The document was signed by Rosneft President and Chairman of the Management Board Igor Sechin and SOCAR President Rovnag Abdullayev in the presence of Vladimir Putin, President of the Russian Federation, and Ilham Aliyev, President of […]

  • 31 March 2015
    Business & Finance

    Chevron Corporation has confirmed today that George L. Kirkland, vice chairman and executive vice president, Upstream, will retire from the company, effective June 15. He will be succeeded by James W. (Jay) Johnson, as executive vice president, Upstream, effective June 16. “George’s business acumen and deep operational knowledge of our industry have helped create enormous […]

  • 16 April 2015

    Merger and Acquisition (M&A) values in the upstream oil and gas sector dropped significantly to $829.8 million in March 2015, compared with $2.9 billion in the previous month, according to research and consulting firm GlobalData. The company’s latest monthly upstream deals review states that oil and gas companies spent most of their capital on acquiring Americas-based […]

  • 14 August 2017
    Business & Finance, Operations & Maintenance

    BP Trinidad and Tobago (BPTT) announced first gas from the Juniper development, the fifth of BP’s seven upstream major project start-ups planned for 2017. The project is expected to boost BPTT’s gas production capacity by an estimated 590 million standard cubic feet a day (mmscfd). With an investment of approximately USD 2 billion, Juniper is […]

  • 30 January 2015
    Business & Finance

    KBR, Inc. has been selected by BG Group as their Global Upstream Alliance Partner. The company says that the six-year contract, includes an option for two two-year extensions, and will provide capability support, services (Pre-FEED and FEED) and project management services across all of BG Group’s Global Upstream Portfolio. “The alliance will provide us with […]

  • 17 January 2017

    Following the low activity in the UK upstream industry in 2016, the energy intelligence group Wood Mackenzie expects modest growth in 2017 but also a record for mergers and acquisitions. Activity was low on the UKCS in 2016 as companies were in full survival mode during the oil price downturn and added Brexit uncertainty. However, […]

  • 17 October 2014
    Business & Finance

    Italian oil company Eni signed today a cooperation agreement with Korea Gas Corporation (KOGAS) to further strengthen their relationship in a number of areas, particularly in the upstream and LNG sectors. The agreement will allow the companies to jointly pursue opportunities worldwide, Eni said in a press release. According to the release, Eni and KOGAS […]

  • 11 February 2020
    Business & Finance, Equipment, Research & Development

    The Egyptian Ministry of Petroleum and Schlumberger have introduced the Egypt Upstream Gateway, a project for digitizing subsurface information and delivering a digital subsurface platform to ensure Egypt’s subsurface data is kept evergreen. The Egypt Upstream Gateway will also be a platform to promote Egypt’s exploration and production potential worldwide. The Egypt Upstream Gateway will […]

  • 6 February 2015
    Project & Tenders

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

  • 23 November 2012

    BP today announced the appointment of Lamar McKay, 53, as Chief Executive, Upstream. He will take up the position with effect from January 1, 2013. In his new role, McKay will lead BP’s combined Upstream business, comprising the Exploration, Developments and Production divisions together with the Upstream strategy and integration team. These Upstream functional divisions […]

  • 1 April 2015
    Operations & Maintenance

    Chevron has confirmed that George L. Kirkland, vice chairman and executive vice president, Upstream, will retire from the company, effective June 15. He will be succeeded by James W. (Jay) Johnson, as executive vice president, Upstream, effective June 16. “George’s business acumen and deep operational knowledge of our industry have helped create enormous value for Chevron […]

  • 29 September 2010
    Business & Finance

    Royal Dutch Shell plc (“Shell”) reconfirmed strong momentum in its businesses in the Americas for a group of shareholders and analysts today, visiting Upstream assets in Canada. Shell’s oil & gas production in the region could reach 1 million barrels of oil equivalent per day in 2014, an increase of some 40% on current levels, […]

  • 28 August 2015
    Business & Finance

    OMV, an integrated international oil and gas company, headquartered in Vienna, appointed Johann Pleininger as the Executive Board member responsible for Upstream as of September 1, 2015. Pleininger will succeed Jaap Huijskes, who decided to resign before the end of his mandate. According to a press release, Johann Pleininger has decades of experience at OMV. […]

  • 30 May 2019
    Business & Finance

    Italian oil major Eni has appointed a new chief upstream officer.

  • 1 February 2016
    Business & Finance

    Oil and gas company BP today announced that Lamar McKay will be moving up the ladder to assume the new position of Deputy Group Chief Executive. McKay, currently chief executive of BP’s Upstream segment and a 35-year veteran of BP, will be succeeded as Upstream chief executive by Bernard Looney, currently chief operating officer, production, in […]

  • 10 February 2012
    Business & Finance

    French oil major Total said today it intended to continue to actively manage its asset portfolio with, in particular, a program of non-strategic asset sales. The 2012 budget for organic investments is $24 billion , of which more than 80% will be dedicated to the Upstream. In the Upstream, Total expects in 2012 to implement […]

  • 14 November 2011

    The proposed Browse LNG Development has reached a key milestone with the release for public review of the Draft Environmental Impact Statement (EIS) for the upstream component of the development. The Draft Upstream EIS concerns the construction, operation and de-commissioning of all the offshore aspects of the Browse LNG Development located in Commonwealth waters, including […]

  • 2 May 2014
    Business & Finance

    ExxonMobil, world’s largest publicly traded international oil and gas company,  has announced its quarterly results. ExxonMobil Chairman Rex W. Tillerson commented: “ExxonMobil’s first quarter earnings and cash flow reflect the company’s continuing focus on delivering profitable growth and creating long-term shareholder value. Strong performance in the Upstream benefitted from improved production mix and increased unit […]