Top Upstream Stories

ExxonMobil Guyana moves forward

ExxonMobil has reached a significant milestone with the final investment decision for the Whiptail development offshore Guyana, following the necessary government and regulatory approvals. The Whiptail project, situated on the Stabroek block, is poised to become the sixth development on this prolific block, with an estimated capacity of approximately 250,000 barrels of daily production expected by the end of 2027. Liam Mallon, president of ExxonMobil Upstream Company, emphasised the company's commitment to Guyana's development, stating, "Our sixth multi-billion-dollar project in Guyana will bring the country’s production capacity to approximately 1.3 million barrels per day." He underscored ExxonMobil's collaborative approach with the government of Guyana, partners, suppliers, and contractors, which has facilitated the rapid and environmentally responsible development of the Guyana resource. > read more

Mountain V Oil & Gas completes acquisition

Mountain V Oil and Gas, a leading player in the energy sector, has announced the acquisition of AXP Energy, an Australian oil and gas company with significant assets in Tennessee, Kentucky, and Virginia. This strategic move, valued at $4 million, consolidates Mountain V's standing as a dependable and sustainable producer of oil and gas, further enhancing its diversified commodity mix. Building on a legacy of three decades of growth in the gas and well-drilling industry, Mountain V embarked on drilling unconventional horizontal wells in 2022, aligning with its commitment to discovering new reserves and optimizing resource extraction operations. The company's integrated approach to operations management ensures a reliable and sustainable supply chain across all its activities..... > read more

APA Corporation completes acquisition

APA Corporation has announced the successful completion of its acquisition of Callon Petroleum Company. The transaction received approval from APA and Callon shareholders at special meetings held on March 27, 2024. John J. Christmann IV, APA’s CEO, expressed satisfaction with the closure of the deal, stating, “We are very pleased to close this transaction as Callon’s assets bring scale to our Delaware position and balance to our overall Permian asset base — all at what we believe is a compelling valuation. We are confident this transaction will create shareholder value, as we expect to drive improved capital productivity and well performance, while realizing significant cost synergies. We look forward to applying our technical expertise and work processes across the Callon acreage to unlock potentially substantial shareholder value.”.... > read more

Glenfarne Energy transition’s Texas LNG

Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition, LLC, has inked a Heads of Agreement with Gunvor Group's subsidiary Gunvor Singapore Pte Ltd for a 20-year LNG FOB sale and purchase agreement. This deal secures 0.5 MTPA of LNG from Texas LNG's future liquefied natural gas export terminal to be built in the Port of Brownsville, Texas. Brendan Duval, CEO and founder of Glenfarne Energy Transition and co-president of Texas LNG, expressed excitement about welcoming Gunvor to their customer portfolio. He highlighted the significance of connecting Texas LNG, renowned for its low-emission liquefaction facilities, with global economies seeking reliable and sustainable energy sources.... > read more

McDermott reaches

McDermott has proudly announced the mechanical completion of a groundbreaking industrial-scale biosurfactant plant for Evonik. Within less than two years from the contract award, Evonik has successfully initiated the production of Rhamnolipids, a bacterial surfactant poised to revolutionize cleaning products and greatly reduce their environmental footprint. The project solidifies Evonik's position as a trailblazer in the production of high-quality, sustainable biosurfactants on a commercial scale..... > read more
Prev Next
Top Three Featured Upstream Articles
EverWind Fuels completes FEED

EverWind Fuels completes FEED

EverWind Fuels, a key player in Atlantic Canada's green energy sector, has wrapped up its FEED and FEL-3 stages with Black...
> read more
Baker Hughes’ emissions abatement technology

Baker Hughes’ emissions abatement technology

Baker Hughes, an energy technology company, has achieved a breakthrough in flare emissions monitoring through a collaboration...
> read more
Upstream oil & gas experts unite

Upstream oil & gas experts unite

Tank Storage News America are proud to be partnering with the Future Upstream Automation Summit on 26 September 2023 in Houston,...
> read more
Upstream News
ExxonMobil Guyana moves forward

ExxonMobil Guyana moves forward

ExxonMobil has reached a significant milestone with the final investment decision for the Whiptail development offshore Guyana, ... > read more
Petrobras discovers oil

Petrobras discovers oil

Petrobras has made a significant oil discovery in the ultra-deep waters of the Potiguar Basin at the Anhangá exploratory ... > read more
Mountain V Oil & Gas completes acquisition

Mountain V Oil & Gas completes acquisition

Mountain V Oil and Gas, a leading player in the energy sector, has announced the acquisition of AXP Energy, an Australian ... > read more
APA Corporation completes acquisition

APA Corporation completes acquisition

APA Corporation has announced the successful completion of its acquisition of Callon Petroleum Company. The transaction received ... > read more
Glenfarne Energy transition’s Texas LNG

Glenfarne Energy transition’s Texas LNG

Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition, LLC, has inked a Heads of Agreement with Gunvor Group's ... > read more
EverWind Fuels completes FEED

EverWind Fuels completes FEED

EverWind Fuels, a key player in Atlantic Canada's green energy sector, has wrapped up its FEED and FEL-3 stages with Black ... > read more
Upstream News
McDermott reaches

McDermott reaches

McDermott has proudly announced the mechanical completion of a groundbreaking industrial-scale biosurfactant plant for Evonik. ... > read more
EIG’s MidOcean Energy completes acquisition

EIG’s MidOcean Energy completes acquisition

MidOcean Energy, under the stewardship of EIG, has completed the acquisition of Tokyo Gas Co., Ltd’s interests in several ... > read more
McDermott awarded offshore contract

McDermott awarded offshore contract

McDermott International, Inc. has secured a significant offshore transportation, installation, and commissioning contract ... > read more
TotalEnergies embarks on LNG expansion

TotalEnergies embarks on LNG expansion

In a significant move towards diversification, TotalEnergies is extending its footprint in the LNG sector, adding a new chapter ... > read more
30 projects to reach FID in 2024

30 projects to reach FID in 2024

According to a new report from Wood Mackenzie, there could be up to 30 upstream projects with a size of over 50 million barrels ... > read more
Baker Hughes’ emissions abatement technology

Baker Hughes’ emissions abatement technology

Baker Hughes, an energy technology company, has achieved a breakthrough in flare emissions monitoring through a collaboration ... > read more
Upstream News
Texas LNG advances

Texas LNG advances

Texas LNG, a subsidiary of Glenfarne Energy Transition, LLC, and a four million tonnes per annum liquefied natural gas export ... > read more
ABL to support

ABL to support

Energy and marine consultancy ABL has secured a contract from LLOG Exploration to deliver marine warranty survey services ... > read more
Baker Hughes secures

Baker Hughes secures

Baker Hughes an energy technology company, announced a significant contract award from Petrobras for integrated well construction ... > read more
McDermott and Baker Hughes safely complete

McDermott and Baker Hughes safely complete

McDermott, a leading engineering and construction company, and Baker Hughes, an energy technology company, have announced ... > read more
Halliburton and Oil States Industries partner

Halliburton and Oil States Industries partner

Halliburton Company and Oil States Industries, Inc. have announced a strategic collaboration that combines two award-winning ... > read more
OCI Global double capacity

OCI Global double capacity

OCI Global, the world’s largest producer of green methanol, has today announced plans to double its green methanol production ... > read more
Upstream News
Expro acquisition

Expro acquisition

Expro, a leading provider of energy services, have announced it had entered into a definitive agreement (subject to customary ... > read more
Fully automated upstream operations

Fully automated upstream operations

As leading upstream operators integrate automation, IIoT, data science, AI, ML, digital twins and more, many are questioning ... > read more
McDermott selected by IOCL

McDermott selected by IOCL

McDermott has been awarded a project management consultancy and engineering, procurement, and construction management contract ... > read more
Gevo and McDermott to collaborate on SAF

Gevo and McDermott to collaborate on SAF

McDermott has secured a master services agreement from Gevo, Inc., to provide front end engineering and early planning services ... > read more
McDermott awarded project from Qatargas

McDermott awarded project from Qatargas

McDermott secured a major contract from Qatargas Operating Company Limited to deliver engineering, procurement, construction, ... > read more
ExxonMobil announces acquisition of Denbury

ExxonMobil announces acquisition of Denbury

Exxon Mobil Corporation have announced it has entered into a definitive agreement to acquire Denbury Inc., an experienced ... > read more
1
2
Next