US upstream news
ExxonMobil plans investments of US$20 billion to expand manufacturing in US Gulf region
New projects expected to create more than 45 000 high-paying jobs across the region and thousands more through multiplier effect.
Weatherford develops high-performance cement retainer and bridge plug
Weatherford International plc thas announced the development and deployment of a high-performance cement retainer and bridge plug for use in wells in Sakhalin Island, Russia.
TGS and Schlumberger announce multi- and wide-azimuth multiclient reimaging programme in US GoM
New reimaged data covers 1000 OCS blocks ahead of large regional lease block turnover.
Rosneft starts drilling of its first exploration well in Iraq
The Salman-1 well will be drilled to 4245 m MD through Kurra Chine target horizon to be followed by further testing of five prospective targets. Rosneft plans to complete drilling in July 2017.
Douglas-Westwood: 'Golden Triangle' fades as deepwater sector diversifies
Hydrocarbon production from the ‘Golden Triangle’ – incorporating the deepwater (>500 m water depth) plays of Brazil, the US Gulf of Mexico and West Africa – will peak in 2019 due to the lack of projects sanctioned in recent years.
FairfieldNodal adds to Delaware Basin database
The Red Tank multi-client survey will be in the heart of the New Mexico portion of the Delaware Basin. This high-resolution 3D survey adds more than 300 square miles to the company’s regional contiguous database of 3000 square miles.
EIA: Tight oil expected to make up most of US production increase until 2040
The EIA’s Annual Energy Outlook 2017 Reference case projects that US tight oil production will increase to more than 6 million bpd in the coming decade, making up most of total US oil production.
ExxonMobil awards license for efficient drilling technology to Pason Systems
ExxonMobil has awarded to Pason Systems, Inc. the first global license of its Drilling Advisory System™, a key component of the company’s Fast Drill™ technology suite.
Saudi Aramco and Baker Hughes introduce cable-deployed ESP system
TransCoil rigless-deployed ESP expands the operating envelope and improves reliability versus existing alternative deployment systems
BHP Billiton approves investment in Mad Dog Phase 2 project
The company has announced that the Board has approved expenditure of US$2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico.