US upstream news

Based on current market demand, the FracTran will be launched with a rating of 3300 horsepower and 10 000 lb.-ft. of input torque.

The company has reached an agreement with Jurong Shipyard Pte Ltd on the delayed delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater Titan.

Talos Energy has said that it expects the Tornado Attic well to produce approximately 8000 - 10 000 boe/d gross (approximately 80% oil) once online.

According to GlobalData’s latest report, ‘DJ Basin in the US, 2021 – Oil and Gas Shale Market Analysis and Outlook to 2025’, the Denver Julesburg Basin accounted for 7.02% of oil and 6.65% of natural gas production in the United States Lower 48 for 2020.

The combined company will continue as Delmar Systems and as Vryhof.

The alliance will provide operators with advanced insight to determine their reservoir potential for oil and gas production or carbon storage.

The FPU will be designed for a water depth of approximately 8200 ft (2500 m) and will be located in the Trion Field, approximately 112 miles (180 km) off the Mexican coastline.

Oil prices rose on Monday as a cyberattack on key pipeline infrastructure in the US made up for bearish news over the pandemic’s further spread in Asia.

Chevron is right in holding back in capital spending to boost production as its current priority remains in creating a strong balance sheet and generating free cash flow, says GlobalData.

The Railroad Commission of Texas issued a total of 732 original drilling permits in April 2021 compared to 456 in April 2020.