US upstream news

Centrium Energy Solutions, an oil and gas chemical supplier, has announced it has developed a domestic distribution model that solves critical challenges in sourcing, logistics and performance.

The decline in drilling rigs coincides with record-low natural gas prices for most of 2024 and the wider adoption of advanced drilling and completion technologies.

The US Senate has voted on a resolution that would overturn the Biden administration's proposed fee on methane emissions, according to Reuters.

Tokyo Gas Co., Ltd. has announced that it has agreed to sell its Eagle Ford shale gas assets.

ConocoPhillips has announced it has entered into an agreement to sell its interests in the Ursa and Europa Fields to subsidiaries of Shell plc, for US$735 million subject to customary closing adjustments.

Earlier this month, BGX acquired a 10% working interest in the well and an option to participate in any offset developmental wells in a 210 acre area of mutual interest from the operator, Adler Energy, LLC.

UP serves clients throughout Texas with a focus on oil and gas, industrial, commercial and residential projects.

Outrigger Energy II LLC has announced that it has completed the sale of its midstream system in the Williston Basin of North Dakota to Hiland Partners Holdings LLC, a wholly owned subsidiary of Kinder Morgan, Inc. for US$640 million.

The US Energy Information Administration has predicted that worldwide production of petroleum will grow more in non-OPEC+ countries in 2025 and 2026.

Privately owned US oil and gas producer Validus Energy is set to acquire rival 89 Energy III for approximately US$850 million, including debt.