Browse the latest us upstream news news and articles.
With abundant supply potential, Rystad Energy expects US gas companies to see a large LNG export potential to China after President Donald Trump and President Xi Jinping reached the bilateral trade agreement last month.
The global land drilling rig market has been through a tough downturn characterised by an inward focus through the supply chain on survival.
The area of mutual interest encompasses approximately 1100 square miles. The first phase of the Coyanosa Survey will consist of approximately 306 square miles of high-quality, 3D seismic data in Ward, Reeves and Pecos Counties, Texas.
Looking at the recent evolution of oil production in the Lower 48 states (excl. Gulf of Mexico), Rystad Energy observes a continuous expansion, with a 430 000 bpd growth from December 2016 to May 2017.
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.