US upstream news

Once online at BP's US$9 billion Mad Dog 2 project, Argos, a semi-submersible, floating production platform, will be the company’s fifth operated platform in the Gulf of Mexico.

A series of tests were successfully performed on a Weatherford test rig in Houston, US, to demonstrate and verify the integration and functionality of the managed pressure drilling and automated well control technology.

The sale consists of approximately 78 700 net acres located in the Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota, US.

Enverus' summary of 1Q21 US upstream M&A activity shows US$3.4 billion in deal value was transacted during the quarter – an 88% decline from 4Q20.

The majority of operators have stated that they are planning to operate within free cash flow to fund their future capital expenditures, which means that the next few years of oil and gas production growth in the US will hinge on the discipline of operators with their capital budgets, says GlobalData.

The alliance will apply Optime’s Remotely Operated Controls System to Halliburton’s completion landing string services.

The partnership will provide E&P companies with solutions that optimise rod lift and plunger lift wells.

Storm Uri is expected to have an aggregate adverse impact of up to US$200 million on the company's adjusted earnings in 1Q21.

American oilfield services and equipment sector employment rose by an estimated 23 015 jobs in March, according to a report compiled by the Bureau of Labor Statistics and the Energy Workforce & Technology Council.

The company delivered real-time control of fracture placement while pumping on a multi-well pad using its SmartFleet intelligent fracturing system in the Permian Basin, US.