US upstream news
Enteq Upstream appoints new CEO
The company has appointed commercial director Andrew Law as CEO, succeeding Enteq founder Martin Perry.
Argos platform arrives in Texas for BP's Mad Dog 2 project
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.
Rig trial of integration of MPD and automated well control technology completed
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.
Hess to sell Bakken acreage to Enerplus Corp.
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.
US oil and gas deal value fell 88% in 1Q21, according to report
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.
GlobalData: growth of US shale industry will hinge on discipline of operators with their capital budgets
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.
Halliburton and Optime Subsea form alliance
The alliance will apply Optime’s Remotely Operated Controls System to Halliburton’s completion landing string services.
Ambyint and Microsoft partner on production optimisation
The partnership will provide E&P companies with solutions that optimise rod lift and plunger lift wells.
Storm Uri expected to have adverse effect on Shell's 1Q21 earnings
Storm Uri is expected to have an aggregate adverse impact of up to US$200 million on the company's adjusted earnings in 1Q21.
Report finds US oilfield services sector gained 23 000 jobs in March
American oilfield services and equipment sector employment rose by an estimated 23 015 jobs in March, according to a report compiled by the Bureau of Labor Statistics and the Energy Workforce & Technology Council.