Texas upstream news
Trendsetter to exhibit at Subsea Tieback Forum and Exhibition
The exhibition is taking place 18 – 20 February 2020 at the Henry B. Gonzalez Convention Center in San Antonio, Texas, US.
TGS to acquire two North America onshore 3D seismic projects
The company has started acquisition of the Plains 3D seismic survey in the Northern Shelf area of the Midland Basin in Texas, US, and Ravenclaw 3D in the Edson area of Alberta, Canada.
CGG and Fairfield Geotechnologies to collaborate on developing Central Basin Platform surveys
The two companies are to acquire a series of large-scale, high-density, multi-client surveys in the Central Basin Platform (CBP) of the Permian Basin.
Trendsetter Engineering expands subsea intervention capabilities
The company's second subsea tree injection manifold has completed all testing and is now ready for deployment for hydraulic intervention operations.
Rystad Energy: potential US fraccing ban would have little immediate impact on nationwide oil and gas production
If fraccing activity were to be eliminated on federal acreage the result would be a widespread shift of capital from federal to private and state-owned acreage in a bid to replace the lost oil volumes, according to Rystad Energy.
2019 year of contraction for Texas upstream industry
Through December 2019, the Texas Petro Index lost 9.4% of its value since the February 2019 cyclical peak.
Huntsman completes sale of chemical intermediates and surfactants business to Indorama Ventures
The transaction is valued at approximately US$2 billion.
Superior Energy Services provides 4Q19 activity update
The Baker Hughes US land rig count declined by 49 rigs from the week ending 4 October 2019 through the week ending 27 December 2019, a greater decline than what the company expected.
Wellbore Integrity Solutions completes acquisition of Fishing & Remedial, DRILCO, and Thomas Tools from Schlumberger
As part of the initial closing, WIS acquired businesses and assets in 16 countries. Another 9 jurisdictions are expected to close in the coming months pursuant to the terms of the purchase agreement.
First round of plenary speakers announced for 23rd World Petroleum Congress
The packed programme of the Congress will feature eight high-level plenary sessions across five days, with global leaders from the oil and gas sector now confirmed to speak.