Upstream
Vallourec and Aramco expand alliance for OCTG tubular supply
Vallourec and Aramco reinforce an alliance initiated in 1962 with a new agreement for the supply of OCTG tubulars.
Upstream focuses on the first stage of the energy value chain, where exploration, drilling and production define the development of hydrocarbon resources. This section covers news on field discoveries, drilling campaigns, production projects, reservoir activity and the technical and financial decisions shaping upstream operations.
Coverage includes new exploration programs, offshore and onshore developments, production expansion, investment announcements and technological advances aimed at improving efficiency, recovery and operational performance. It also highlights regulatory frameworks, partnerships and strategic moves influencing resource development in key regions.
Through these stories, Upstream tracks the assets, operators and production initiatives shaping the supply base of the global oil and gas industry.
Latest Upstream News
Upstream
ABS certifies Hanwha Ocean’s deepwater FPSO design
ABS certified the engineering of a standardized Hanwha Ocean FPSO intended for offshore projects in South America and West Africa.
Upstream
L&T secures EPCIC contract from ONGC for offshore projects in India
L&T will execute EPCIC infrastructure for ONGC's Ratna-I and NLM-14 projects off India's west coast.
Upstream
Ventura Offshore expands fleet, secures PETRONAS contract in Indonesia
Ventura Offshore will manage the Deep Value Driller and execute an offshore drilling program for PETRONAS in Indonesia, valued at approximately $58 million.
Maritime
Shearwater and SLB launch 3D seismic study in Amapá after Morpho discovery
Shearwater and SLB acquire new seismic data off Amapá to assess the exploratory potential of the Brazilian Equatorial Margin.
Upstream
Argentina increases pressure on oil companies over Falkland Islands development
Argentina ramps up pressure on energy companies as Sea Lion brings offshore oil production in the Falkland Islands closer.
Upstream
McDermott secures Eni’s subsea contract for Cronos in Cyprus
McDermott will perform subsea services to develop Eni's Cronos gas field in Cyprus, with production scheduled to begin in 2028.
Upstream
Tamarack Valley and Headwater create Clearwater’s new oil leader
Tamarack Valley and Headwater will combine their oil assets in Canada in a deal valued at 10 million Canadian dollars.
Upstream
Saipem secures contract for FPU Osman Gazi in Türkiye
Saipem will carry out the commissioning of the FPU Osman Gazi for the Sakarya gas field for about eight months.
Upstream
Shearwater will use electric ROV for a contract in the North Sea
Shearwater will deploy its electric ROV for the first time in a seven-week commercial OBN campaign in the North Sea.
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