US upstream news

The well, located in Grady County, OK, has achieved a record total vertical depth of 19 245 ft.

SBM Offshore’s Turret Mooring System (TMS) for the FPSO Turritella has received the prestigious OTC Spotlight on New Technology award.

The JMMC expressed its satisfaction with the progress made towards full conformity.

Speedcast International Limited has announced that it has signed a reseller agreement with Tampnet for 4G/LTE services in the Gulf of Mexico. Speedcast is the first service provider to partner with Tampnet for its high capacity offshore network in the region.

According to ESAI Energy’s North America Watch, production of crude oil from the Permian Basin will continue to outpace pipeline capacity in the region.

Many oilfield service and supply companies, including Halliburton, Hi-Crush, U.S. Silica, and Fairmount Santrol have cited a shortage of frack sand for the US shale plays, specifically 40/70 frack sand in the Permian Basin.

Over 6 billion m3 of hydrocarbons produced from Vietnam’s Moc Tinh and Hai Thach fields since 2013.

Oil prices are unlikely to rebound significantly from current levels, with a glut of supply and increasingly advanced methods of extraction set to keep the commodity’s price lower for longer, according to Stephen Jones, CIO at Kames Capital.

Decom North Sea, the membership organisation for the oil and gas decommissioning sector, has announced it will host a networking business breakfast during the Offshore Technology Conference (OTC) next month.

FairfieldNodal has announced an exclusive alliance with Ikon Science, an industry leader in geoprediction software sales and services, to offer complete reservoir services to the oil and gas industry.