US upstream news

BNK Petroleum Inc. has announced that the Glenn 16-2H well (100% working interest) averaged over 630 boepd, of which 540 bbls are oil, for the last 30 days.

Oilfield service sales increased 21% on average for these three bellwether companies, while their oilfield equipment sales increased only 1%.

Oil sands projects will require US$43 billion, while the investments into heavy oil assets will require almost US$4 billion in upstream Capex by 2025.

Following the acquisition of additional acreage earlier this month, the company continues to earn into a 75% working interest in a total of approximately 80 000 acres in the Paradox Basin.

FairfieldNodal announced its acquisition of the Geokinetics, Inc. US multi-client data library.

ConocoPhillips has announced it has concluded its 2018 winter exploration and appraisal programme in Alaska.

Gardner Denver’s newest facility will be fully stocked with aftermarket drilling supplies, including consumables and modules, 24/7 field service and customer support.

US and Chinese based oil & gas steel fabricators have been some of the first companies within the industry to be impacted by the countries playing high-stakes poker through targeted tariffs, Rystad Energy research shows.

88 Energy Limited has announced the following update for its projects located on the North Slope of Alaska.

The deployment to BP Lower 48 provides hydrocarbon accounting for approximately 10 000 onshore gas and liquid wells over six operating areas in North America.