US upstream news
Equinor makes CAPEX cuts
US onshore drilling and completion activities are being halted by Equinor.
Aker Solutions secures umbilicals order from Chevron
The contract includes work for the Anchor project in the US Gulf of Mexico.
Talos Energy makes further budget restrictions
The company has said it still continues to expect to generate positive free cash flow in 2020.
ION divests from land seismic equipment JV
The company is to sell its 49% equity stake in INOVA Geophysical Equipment Ltd. for US$12 million.
Tracerco awarded deepwater subsea inspection project
The Gulf of Mexico operator will deploy DiscoveryTM, Tracerco’s Subsea CT Scanner, to obtain critical baseline integrity data on the new pipeline system.
Gulf of Mexico lease sale generates US$93 million in high bids
A total of 22 companies participated in Lease Sale 254, submitting US$108 587 185 in total bids.
Varel International Energy Services receives multimillion dollar investment
Varel will use the investment from Blue Water Energy to drive growth in the medium-term.
Weatherford works with IOC to save rig days and money in Gulf of Mexico operation
By sidetracking from a collapsed expandable liner, the re-entry operation eliminated the time and cost associated with re-drilling and re-casing a 3000-ft hole.
BW Offshore leases BW Pioneer FPSO for Gulf of Mexico work
BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer FPSO on the Cascade and Chinook fields on behalf of MP Gulf of Mexico.
W&T Offshore to reduce 2020 capital budget
The company has reduced its estimate of 2020 capital expenditures to US$15 million to US$25 million from its prior level of US$50 million to US$100 million.