US upstream news

Wood Mackenzie’s Ed Crooks has commented on the issues facing Big Oil as investor pressure and court challenges over climate change grow.

The contract with Chevron is for the ultra-deepwater drillship Valaris Relentless (DS-18), a GustoMSC P10,000 design.

The new company is expected to produce 108 000 to 114 000 boe/d in 2022, with adjusted core earnings between US$750 million and US$800 million.

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.