Oil & gas news

The sale consists of approximately 78 700 net acres located in the Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota, US.

Enverus' summary of 1Q21 US upstream M&A activity shows US$3.4 billion in deal value was transacted during the quarter – an 88% decline from 4Q20.

The duration of the survey is approximately four months and will be executed in 2021 using the company's ZXPLR deepwater ocean bottom node technology.

The majority of operators have stated that they are planning to operate within free cash flow to fund their future capital expenditures, which means that the next few years of oil and gas production growth in the US will hinge on the discipline of operators with their capital budgets, says GlobalData.

Oil prices fell today as a result of a steep rise in gasoline stock levels in the US and concerns over the AstraZeneca vaccine future usage.

The alliance will apply Optime’s Remotely Operated Controls System to Halliburton’s completion landing string services.

Production start-up at the Mero 1 field has been delayed from 4Q21 to 1Q22.

Ithaca Energy has sanctioned EOR Stage 2, the next phase of development at the Captain Field in the UK Central North Sea.

The partnership will provide E&P companies with solutions that optimise rod lift and plunger lift wells.

The company’s environmentally acceptable corrosion inhibitor product line has been developed to enable E&P organisations to economically extend the life of their assets in a sustainable way.