US upstream news

The BSEE has announced US$3 Million in funding from the Bipartisan Infrastructure Law to help decommission orphaned offshore infrastructure.

VTX has announced an acquisition of 12 000 acres in Delaware, US.

With a gross production capacity of up to 140 000 bpd, Argos is bp’s fifth platform in the Gulf of Mexico and the first new bp-operated production facility in the region since 2008.

The sale comes as Enteq expands to new US headquarters in Houston, Texas, as it drives the continued development of SABER.

The decision is for a three-pad development instead of the originally sought five drill sites and is coupled with ConocoPhillips relinquishing 68 000 acres of existing leases.

The new state-of-the-art facility consolidates office space with warehouse in one location.

Operations and maintenance (O&M) represented 55% of the total contracts in 4Q22, followed by procurement with 19%, and contracts with multiple scopes, such as construction, design and engineering, installation, O&M, and procurement, accounted for 13%.

The seventh annual Global Energy Talent Index has revealed that the recent gas price crisis has transformed oil and gas into the most popular sector for energy workers to join and has sent salaries soaring above pre-pandemic levels.

Employment in the US oilfield services and equipment sector rose by an estimated 3069 jobs to 652 090 in January, according to preliminary data from the Bureau of Labor Statistics (BLS).

Assets to be acquired include production from over 1230 horizontal wells, 157 line of site wells, and 44 permitted wells all in the core of the Haynesville Shale.