US upstream news

The JV will see the creation of an OCTG 130 000 ft2 threading plant in Nashik, India, targeted to be operational by the end of 2022.

Valaris has been awarded two one-well contracts by Murphy Oil Corp. for semisubmersible VALARIS DPS-5.

The new 15 000 ft2 Houston facility will support the company's operations in US onshore unconventional plays.

The net zero aspiration applies to Scope 1 and Scope 2 greenhouse gas emissions.

The results of the appraisal well in the Green Canyon area of the US Gulf of Mexico further define the resource potential in the central Winterfell area, with the current estimate around 100 million barrels gross.

In the second year of a COVID-influenced market, US upstream M&A rose 25% year-over-year to reach US$66 billion.

In its January Short-Term Energy Outlook (STEO), the US Energy Information Administration forecasts US crude oil production will increase for nine consecutive quarters, from 4Q21 to 2023.

Time delay fuses provide a controlled delay for operators to position perforating guns after commencing the firing sequence in a tubing-conveyed perforating operation.

Natural gas production from the Marcellus and Utica shale plays in the US is forecast to cross the 42 billion ft3/d mark by 2025, according to GlobalData.

The four contracts awarded to Valaris include a one-well contract with Kosmos Energy in the US Gulf of Mexico for semisubmersible VALARIS DPS-5.