US upstream news

The properties being sold include non-operated interests in over 400 producing wells (65.9 net) with recent production of greater than 4500 net boe/d (approximately 65% oil).

The agreement, signed at the St. Petersburg International Gas Forum, documents the intention of both parties to work together in jointly determining applications and solutions that can benefit from the introduction of new technologies for oilfield services.

Ocean Geo Solutions’ current workforce, including geophysicists, cartographers and support staff will continue to operate out of its Houston office.

The new company will be known as HMH, and Baker Hughes and Akastor will own equal equity.

Shell's remaining assets in the Mars corridor in the Gulf of Mexico, Mars and Ursa, remain shut in.

Varying in duration from 18 months to 3 years, the contracts have a combined high six-figure value.

More than 99% of Cabot shareholders and more than 90% of Cimarex shareholders were in favour of the merger.

Tracerco will deploy Discovery, a subsea CT scanner designed for external scanning of pipelines, for an unnamed operator.

The company is aiming to expand into new markets, geographies, and sectors to provide advanced subsurface wellbore construction solutions.

The Phase 2 project is expected to increase output at one of the largest fields in the Gulf of Mexico, with peak annual average gross production of 25 000 boe/d from the initial two well tieback.