Wednesday 17 September 2014
 
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upstream

Accenture, SAP offer solution for upstream operations

Accenture and SAP are set to deliver joint new offering based on the SAP Hana platform, called ‘Upstream Production Operations.’   The offering is aimed at helping oil and gas companies improve and st

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Global energy project spend up 23pc in Q2

The investment value of new projects announced during the second quarter of 2013 across the global energy supply chain has risen to $342 billion, reflecting 23 per cent increase over the same period in 2012, a report said. It also

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$342bn new energy projects announced in Q2

The estimated investment value of new projects announced during the second quarter of this year across the global energy supply chain has risen significantly to $342 billion, a 28 per cent increase compared to Q1, according to a report.

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BP to outline upstream growth strategy

Oil major BP will outline growth plans for its oil and gas production arm on Monday in its first strategy update since striking a series of deals aimed at getting its Russian and US operations back on track. Like all top investor-

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Upstream firms 'eyeing unconventional methods'

With the renewed need to boost production to meet increasing demand, upstream petroleum industry worldwide is venturing into unconventional initiatives to extract additional barrels of oil from complex reservoirs, said a top Bahrain government o

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Saudi Aramco to invest in new energy ventures

Saudi Aramco has launched an investment arm to buy into companies that have developed technologies of strategic importance to Saudi Arabia and speed their deployment in the kingdom, the state-run energy group said. Saudi Aramco Energy Vent

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Oil upstream spending to top $380bn this year

Investment in oil exploration and production worldwide will increase this year to $380 billion, but may only return to 2008 record levels in two years time at the earliest, consultants Wood Mackenzie said on Thursday. Spending in 2010 will

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Egypt asserts right to block upstream Nile dams

Egypt insisted it can block dams and other projects upstream on the Nile, challenging a new deal among African nations seeking to alter historic water sharing arrangements and secure more water for farms and growth. Four African countries

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Kuwait to invest $10bn in upstream over 5 years

Kuwait will invest around KD3 billion ($10.37 billion) in upstream developments over the next five years, a senior oil official said on Monday. Kuwait, the world's fourth largest oil exporter, is looking to expand oil production capaci

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Oil majors forced to accept tough terms

From Iraq to Ecuador, international oil companies have swallowed their pride and agreed to contract terms they would have walked away from a few years ago. Oil prices have risen more than five-fold since 2002, emboldening Opec and non-Opec

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