US upstream news

API President and CEO Mike Sommers said that the deal was "welcome news" but urged the lifting of all remaining tariffs between the two nations.

The acquisition includes the Feubo facility located in Hattingen, Germany, which will become Crosby’s centre of excellence for offshore mooring components.

The newly acquired seismic programmes provide modern high-resolution imaging which encompass 1606 km2 with an additional 632 km2 to be acquired in 2020.

These petrophysical interpretations, derived from well log and core analysis relationships in approximately 1400 wells within key unconventional basins, will be added to the current TGS data library.

Compared with recent years, both crude oil prices traded within relatively narrow price ranges throughout the year.

The company has acquired a portfolio of operating assets in New Mexico from a Permian Basin oil producer, including 23 saltwater disposal wells and 300 miles of water gathering pipelines.

The transaction is valued at approximately US$2 billion.

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.

The project included the subsea inspection of three large conventional jacket structures off the coast of California.

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.