US upstream news
Joint project developing carbon-free subsea AUVs
Ocean Power Technologies, Modus Seabed Intervention and Saab Seaeye are developing an autonomous resident AUV system.
Russia-Saudi Arabia price war could slash US$250 billion off E&P budgets, predict Rystad Energy
The price war will heavily impact service company revenues, even driving some out of the market, according to Rystad Energy.
EIA: US natural gas production increased by 10% in 2019
US natural gas production grew by 9.8 billion ft3/d in 2019, a 10% increase from 2018, according to the US Energy Information Administration.
TGS and Fairfield Geotechnologies acquire 3D seismic survey in Delaware Basin
The companies have commenced operations on The Channel 3D survey in Lea County, New Mexico, US.
US drilled but uncompleted wells first to feel oil price shock, says Rystad Energy
A Rystad Energy impact analysis shows that US drilled but uncompleted wells will be the first assets to be threatened by the newly formed low price environment, as their breakeven costs are now only dollars away from market prices.
Logan Industries to provide condition-based monitoring for Diamond Offshore’s wireline tensioners
Logan will provide turn-around upgrade and repairs to a fleet of wireline tensioners onboard five active drilling and completion vessels.
Shearwater GeoServices awarded first deepwater OBS project in Gulf of Mexico
The project will be Shearwater’s first OBS remotely operated vehicle survey.
TGS and Schlumberger to undertake Gulf of Mexico survey
The second phase of the companies' ultra-long offset node project will extend the footprint of ultra-long offset data to the Northern Green Canyon protraction area.
ExxonMobil planning CAPEX of US$30 – US$35 billion annually through 2025
Darren W. Woods, the company's chairman and CEO, made the announcement at the company’s annual investor day at the New York Stock Exchange.
Emerson and QRI to develop AI-based analytics for industry
The companies will help oil and gas customers embrace digital transformation technologies.