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LATEST UPSTREAM NEWS

Carnarvon to explore two permits in Barrow sub-basin

Jun 5, 2014

Carnarvon Petroleum Ltd. has been awarded two contiguous blocks on the eastern flank of the prolific oil producing Barrow sub-basin: Petroleum Exploration Permit EP-490 (bid block L11-6) and TP/27 (bid block T11-3) offshore Western Australia. Carnarvon is the operator and 100% working interest holder in these blocks, which cover a total area of 675 square miles (1,750 square kilometers).

Report predicts surge in world subsea expenditure

Jun 5, 2014

Global subsea hardware capex could total $117 billion between 2014 and 2018, according to Douglas-Westwood’s latest market forecast.

Energy XXI completes EPL acquisition

Jun 5, 2014

Energy XXI (Nasdaq:EXXI) (AIM:EXXI) has completed the previously announced acquisition of EPL Oil & Gas (NYSE:EPL) for approximately $2.3 billion, making Energy XXI the largest publicly traded independent operator on the Gulf of Mexico shelf.

Hitachi Solutions Canada to unveil JV solution for oil and gas industry

Jun 4, 2014

Hitachi Solutions Canada, a global provider of industry solutions based on Microsoft Dynamics AX, will be launching an oil and gas joint venture solution using Microsoft Dynamics AX 2012.

Zenergy and Apollo Global Management form partnership

Jun 3, 2014

Zenergy Inc. and funds managed by affiliates of Apollo Global Management LLC have formed a partnership to invest in the acquisition and development of upstream and midstream oil and gas properties.

Alpha Crude Connector to conduct open season

Jun 2, 2014

Alpha Crude Connector LLC intends to conduct an open season for the Alpha Crude Connector pipeline, a new FERC-regulated crude oil transportation pipeline to be located in Lea and Eddy counties in New Mexico, and in Culberson, Loving, Reeves, and Winkler counties in Texas.

Primoris wins underground contract work valued at over $10 M

Jun 2, 2014

Primoris Services Corp. has received a new contract award from a midstream oil and gas customer. The new contract was secured by Sprint Pipeline Services, a division of Primoris Energy Services, a Primoris subsidiary and part of the East Construction Service segment.

Seadrill secures commitment for newbuild ultra-deepwater unit

Jun 2, 2014

Seadrill Ltd. has secured a contract with Total Upstream Nigeria Ltd. for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria.


Oil States International completes Civeo spin-off

Jun 2, 2014

Oil States International Inc. has completed the spin-off of its accommodations business, Civeo Corp., through the distribution of all the shares of Civeo common stock to the holders of Oil States common stock.

Willbros makes management changes

May 30, 2014

Willbros Group Inc. has made several changes to its management team in Houston and in Canada.

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INTERNATIONAL UPSTREAM

Carnarvon to explore two permits in Barrow sub-basin

Jun 5, 2014

Carnarvon Petroleum Ltd. has been awarded two contiguous blocks on the eastern flank of the prolific oil producing Barrow sub-basin: Petroleum Exploration Permit EP-490 (bid block L11-6) and TP/27 (bid block T11-3) offshore Western Australia. Carnarvon is the operator and 100% working interest holder in these blocks, which cover a total area of 675 square miles (1,750 square kilometers).

Report predicts surge in world subsea expenditure

Jun 5, 2014

Global subsea hardware capex could total $117 billion between 2014 and 2018, according to Douglas-Westwood’s latest market forecast.

Hitachi Solutions Canada to unveil JV solution for oil and gas industry

Jun 4, 2014

Hitachi Solutions Canada, a global provider of industry solutions based on Microsoft Dynamics AX, will be launching an oil and gas joint venture solution using Microsoft Dynamics AX 2012.

Primoris wins underground contract work valued at over $10 M

Jun 2, 2014

Primoris Services Corp. has received a new contract award from a midstream oil and gas customer. The new contract was secured by Sprint Pipeline Services, a division of Primoris Energy Services, a Primoris subsidiary and part of the East Construction Service segment.

NORTH AMERICA UPSTREAM

Alpha Crude Connector to conduct open season

Jun 2, 2014 Alpha Crude Connector LLC intends to conduct an open season for the Alpha Crude Connector pipeline, a new FERC-regulated crude oil transportation pipeline to be located in Lea and Eddy counties in ...

MicroSeismic names Foster as president and CEO

May 30, 2014

MicroSeismic Inc. has appointed Jeff Foster as the company’s president and CEO. Founder of the company and past CEO, Peter M. Duncan, will continue with MicroSeismic as co-chairman.

KMP to expand carbon-dioxide infrastructure

May 8, 2014

Kinder Morgan Energy Partners LP is set to invest $671 million to grow its carbon-dioxide infrastructure in southwestern Colorado and New Mexico.

TPC Group expands polyisobutylene capacity

May 1, 2014

TPC Group, a provider of C4 based products and services, has achieved a milestone in its comprehensive expansion program to increase polyisobutylene capacity.

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