US upstream news
API opposes new restrictions on offshore oil and gas development
The API has voiced concerns over new restrictions on offshore oil and gas development.
GlobalData: Oil and gas industry sees non-US hiring gaining momentum amid overall decline in jobs
Oil and gas industry sees non-US hiring gaining momentum amid overall decline in jobs, says GlobalData.
Seatrium awarded contract for a deepwater new-build floating production unit in the US GoM
Seatrium has been awarded a contract for a deepwater new-build floating production unit in the US Gulf of Mexico.
In the cold with cutting-edge consumables
Connor Docherty, SPM Oil & Gas, a Caterpillar company, highlights advances in durable pump consumables and how they promote greater operational efficiency.
EIA: Argentina’s crude oil and natural gas production near record highs
The US Energy Information Administration has reported that from January 2021 through September 2024, crude oil production in Argentina increased by 50%, and natural gas production rose by 27%, lifting output of both fuels near the records set in the early 2000s.
NOG Enters into Appalachian joint development program
NOG capital commitment not expected to exceed US$160 million, for a 15% working interest at an average net revenue interest of 84% in the program.
Subsea7 awarded contract in the US Gulf of Mexico
Subsea7 today announced the award of a sizeable contract by Shell Offshore Inc. in the US Gulf of Mexico.
CNOOC Ltd subsidiary signs SPA with INEOS Energy
CNOOC Ltd has announced that CNOOC Energy Holdings U.S.A. Inc., a US-based subsidiary of its wholly owned subsidiary CNOOC International Ltd., has entered into a Stock Purchase Agreement (SPA) with a subsidiary of INEOS Energy for the sale of CNOOC Holdings U.S.A. Inc.
EIA: Improving well productivity helps US oil companies increase production at a lower cost
EIA reported that 2Q24 financial results for 34 E&P companies suggest increasing well productivity is helping these companies reduce production costs on a per bbl basis and freeing up cash for other uses such as dividends and share repurchases.
SPM WS 335 frac pump surpasses 13 000 pumping hours in the Permian
SPM said the pump longevity increased uptime and reduced total cost of ownership.