Repsol seeking funds for hydro, green hydrogen and biofuels developments
The Spaniard oil giant Repsol is seeking funds in the European Union to support projects that shift away from the historic company’s portfolio; after the...
Category : Upstream
Upstream is our category in which you can find news about oil exploration, production, and extraction; also companies’ participation in oil leases or biddings can be found in here.
Our upstream category aims to provide for our reader with straight to the point articles and the latest news regarding strictly oil activities. As it is crucial for this segment of the sector, oil prices news can also be hosted in here.
Our latest pieces include the sustained rally of oil prices; the OPEC production cuts; analysis about the market; also discoveries of new oilfields or the latest rig count additions.
This category will give you deeper knowledge about the first segment of the energy industry, that in which exploration and production take place; the one that once supported almost all of the energy industry.
Unitization process of Zama field enters next phase: Talos Energy
by editor
The unitization process of the infamous Zama field, discovered in Mexico, entered into its next phase, as established by Mexican regulation; Talos Energy Inc., announced...
INEOS Energy sells Norwegian Oil and Gas business to PGNiG for $615M
by editor
INEOS Energy, the energy group formed in 2020, announced today it is selling its entire oil and gas business in Norway to PGNiG Upstream Norway...
ProPetro Holding Corp. announces partnership to deliver chemical technology in the Permian
by editor
ProPetro Holding Corp. announced today a new partnership with Fluid Energy Group Ltd. and Solnexus Chemical LLC. In fact, this venture is to distribute the...
DOE to develop 3 cybersecurity programs to protect the energy system
by editor
Last week, the U.S. Department of Energy (DOE) Office of Cybersecurity, Energy Security and Emergency Response (CESER) announced it will develop three new research programs to...
Neptune Energy awards $21M contract to Borr Drilling for low-emission campaigns
by editor
Neptune Energy, the independent upstream company, announced this Wednesday it awarded a $21,4 million contract to Borr Drilling, to consolidate development and exploratory activities in...
The people behind the ambitious bp Net Zero strategy
by editor
Back in February 2020, the British oil super major, BP, set its ambitious bp net zero strategy by 2050 or sooner. The strategy has shown...
Mexico seeking to renegotiate with Vitol after corruption scandal: Reuters
by editor
Mexico and its state-owned company Petroleos Mexicanos (Pemex) are looking to renegotiate contracts with energy trader Vitol after a bribery and corruption scandal erupted in...
Harbour Energy could keep its stake in Mexico’s Zama oilfield
by editor
Harbour Energy, an energy investment vehicle formed by EIG Global Energy Partners, today announced it would likely keep its stake in the giant Zama oil...
Suncor Energy invests in Svante for CO2 capture technology
by editor
Canada’s leading integrated energy company Suncor and the capture emissions provider for intensive industries, Svante Inc., today announced an equity financing agreement. Accordingly, this deal...