Texas upstream news

Once online at BP's US$9 billion Mad Dog 2 project, Argos, a semi-submersible, floating production platform, will be the company’s fifth operated platform in the Gulf of Mexico.

A series of tests were successfully performed on a Weatherford test rig in Houston, US, to demonstrate and verify the integration and functionality of the managed pressure drilling and automated well control technology.

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

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

Storm Uri is expected to have an aggregate adverse impact of up to US$200 million on the company's adjusted earnings in 1Q21.

Under the theme of Innovative Energy Solutions, delegates to the event can expect a packed four-day programme with over 500 expert speakers sharing their insights into current industry trends, as well as creative solutions and best practices to address industry challenges.

The combination brings together two companies with decades of experience in well construction, well flow management, subsea well access, well intervention and production services.

Based in Houston, Texas, US, Neil McBride will be responsible for expanding FourPhase's global client base from the company's offices on Westheimer Road.

The company will be owned 50-50 by Baker Hughes and Akastor and will be managed from current offices in Houston, Texas, US, and Kristiansand, Norway.