Browse the latest us upstream news news and articles.
The biggest growth is expected to happen in the Permian Basin, where crude oil and condensate supply is projected to increase by almost 0.90 million bpd from 4.5 million bpd in 2021 to 5.4 million bpd by 2030.
The IsoBond cement system will be available globally by the end of 2021.
The total contract value for the firm portion of the drilling contract is expected to be US$94 million and commencement is expected in February 2022.
Halliburton will provide well services on Chariot's planned Anchois gas appraisal well offshore Morocco.
Shell’s Permian business includes ownership in approximately 225 000 net acres with current production of around 175 000 boe/d.
A comprehensive damage assessment of the West Delta-143 (WD-143) offshore facilities from Hurricane Ida has revealed significant structural damage.
The combined purchase price and anticipated development capital represents an incremental ~US$450 million commitment to the Eagle Ford for Warwick.
McDermott will provide engineering, procurement, construction, installation and commissioning (EPCIC) for 30 miles (50 km) of pipeline and approximately 9 miles (15 km) of umbilical to connect five drill centres to a new offshore platform.
Several riser joints and the lower marine riser package separated from the Noble Globetrotter II ultra-deepwater drill ship during the storm and sank to the seabed.
Rystad Energy’s initial assessment of Hurricane Ida’s impact on US oil production and refinery capacity estimates a peak daily supply curtailment of 1.8 million bpd in the Gulf of Mexico.
Once delivered from the shipyard, the Deepwater Atlas is expected to commence operations at the Shenandoah project in 3Q22, with the initial drilling programme expected to last approximately 255 days.
According to Vaalco, compared to the current FPSO solution the Cap Diamant FSO will reduce storage and offloading costs at the Etame field offshore Gabon by almost 50%, as well as lower total operating costs by approximately 17% to 20% through to 2030.