US upstream news

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.

The acquisition will add 1 billion ft3/d equivalent of gas production to EQT Corp's current net production.

Maersk Training will deliver safety, pool survival, well control and process training in the region.

Exxon recorded 1Q21 earnings of US$2.7 billion, compared with a loss of US$610 million in 1Q20.