US upstream news

Nostra Terra, the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, reports a production update and development plan for the Company's Mitchell County assets in the Permian Basin.

EM&I - the international asset integrity specialists - have just been awarded a patent by the United States Patent & Trademark Office for their ODIN® diverless UWILD (Under Water Inspection in Lieu of Drydocking) technology, which is used for both hull and valve inspections & repair.

The projects are in the Gulf of Mexico and the Delaware Basin.

The deal, one of the largest acquisitions in BP’s history, gives the company secure access to new projects that can contribute on a large scale to growing its production.

The transaction is expected to close in 4Q18.

Carnarvon Petroleum Limited confirms that the QuadrantCarnarvon Joint Venture have completed additional wireline evaluation since the last update

PJSC "LUKOIL" announces the completion of drilling of the first production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.

The well began producing on 10 July, approximately 60 days ahead of schedule.

API has released its quarterly well completion report for the second quarter of 2018 showing a 265% increase in estimated exploratory gas well completions as compared to the second quarter of 2017.

BP has announced that it has entered into agreements with ConocoPhillips that will significantly increase its holding in the Clair field, a core asset of BP’s North Sea business in the UK, while also selling its non-operating interest in the Kuparuk and satellite oilfields in Alaska.