US upstream news

Peterson will provide logistics consultancy services to support the planning and initial development of Port Cameron, a 500 acre deepwater staging port situated in Cameron, Louisiana, serving the Gulf of Mexico.

Samoco Oil Tools, a developer of tools for the oil and gas industry, has announced the launch of OneTrip to greatly reduce the time and costs associated with mandatory blowout prevention (BOP) testing.

Chevron has reported earnings of US$415 million for Q4 2016, compared with a loss of US$588 million in Q4 2015.

TGS has begun field operations on the West Kermit 3D seismic survey in the Delaware Basin. This project will encompass a minimum of 150 square miles in Loving and Winkler Counties, TX.

Pantheon confirms that the VOBM#2H sidetrack well, Polk County, onshore East Texas, has been drilled to a total measured depth of ~16 450 ft and will now be completed ahead of testing.

Hawkwood Energy, has announced that it has reached a definitive agreement for its wholly-owned subsidiary Hawkwood Energy East Texas, LLC to acquire producing and non-producing assets from subsidiaries of Halcon Resources for US$500 million.

Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI), has applauded President Trump's executive actions to expedite key energy projects.

Halcón Resources Corporation has announced that it has entered into a purchase and sale agreement with a private operator to acquire 20,748 net acres in the Southern Delaware Basin for US$705 million with a November 1, 2016 effective date.

In the market of drilled and uncompleted (DUC) wells, there have been concerns about using frac sleeves in the completion design, then having them reliably open one, two, and almost three years later with repeatable success.

In the wake of Brexit, the Paris Agreement, Donald Trump’s election and with further political and economic milestones ahead, International Petroleum (IP) Week 2017 will assess the future impact of these events on the global oil and gas sector.