US upstream news

At this early cleanup stage, Alkaid #2 is delivering hydrocarbon liquid rates near expectations over the 4000 ft unblocked section, with gas rates well above original prognosis.

The MOU aims to strengthen mutual cooperation to help enhance operational performance across North American natural gas and oil operations.

The major oil plays within the L48 region include the Permian, Bakken, Eagle Ford and DJ basins. Together, they are expected to cumulatively produce around 7.5 million bpd of crude oil in 2022.

Validere will validate and organise operational and emissions data into a consolidated platform that PureWest can utilise across multiple emission reduction initiatives.

Each custom-designed pump is powered by an electric drive motor to create an environmentally sustainable frac unit.

Comprehensive analysis calculates 125 000 undeveloped drilling locations amounting to 60 billion bbl of untapped oil and 320 Tcf of undeveloped natural gas.

Oilfield equipment, trucks, heavy equipment, and other items were auctioned in person and online. With over 71 000 catalogue views, 498 lots were sold over a single day auction, totalling over US$30 million.

US shale oil producers are in line to suffer more than US$10 billion in derivative hedging losses this year if oil prices remain around US$100 per barrel, Rystad Energy research shows.

The study ranked 59% of companies at Medium Risk for a cyber breach, 13% at Low Risk and 28% at Very Low Risk. It also revealed 94% of all ransomware threats were held by only 51% of companies.

The project, selected by the Petrobras Socio-environmental Program, will work with almost 800 direct participants from traditional fishing communities in the municipalities of Cabo Frio, São Pedro da Aldeia, Saquarema and Maricá until 2024, totalling 24 months of duration.