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The latest upstream news

MRDC and Twinza execute agreements over the Pasca A Project

Twinza Oil have announced that they have obtained all internal approvals and executed a series of binding agreements for MRDC to take an up to 50% participating interest in the Pasca A Development Project and for the companies to cooperate in the acquisition and development of other oil and gas assets in Papua New Guinea.

Subsea7 awarded ‘super-major’ contract offshore Brazil

Subsea 7 S.A. has announced the award of a super-major contract by Petrobras, after winning a competitive tender, for the development of the Búzios 9 field located approximately 180 km off the coast of the state of Rio de Janeiro, Brazil, at 2000 m water depth in the pre-salt Santos basin.


 

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BL moves drilling rigs for ONGC

India’s Oil and Natural Gas Corporation Limited (ONGC) has moved a record-high 45 drilling rigs to new locations ahead of the Indian monsoon season.

 
 
 

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