US upstream news

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.

The AMT features a modular back-end platform that offers the flexibility to customise the vehicle to suit a range of environments, from urban construction projects to extreme off-road jobsites.

Advanced technology that provides consistent analysis of mud properties during the drilling of oil and gas wells will be showcased for the first time at the AADE (American Association of Drilling Engineers) National Technical Exhibition and Conference.

Hybrid coiled tubing services combine diagnostic and intervention capabilities in a single trip downhole.

Subsea 7 has announced the award of a large contract by BP as part of the deepwater Mad Dog 2 development, located approximately 190 miles south of New Orleans.

EPCI contract includes supply of subsea production system.

Sacgasco Ltd has significantly strengthened its asset base in the Sacramento Basin, California, through the acquisition of five additional operated natural gas wells from various private Californian entities.

Marathon Oil Corporation has announced it has signed an agreement to sell its Canadian subsidiary, which includes a 20 % non-operated interest in the Athabasca Oil Sands Project (AOSP), to Shell and Canadian Natural Resources Limited for US$2.5 billion in cash.