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The latest upstream news


ExxonMobil sells North Sea UK assets to NEO Energy

The sale to HitecVision, through its wholly owned portfolio company NEO Energy, covers most of ExxonMobil’s non-operated upstream assets in the United Kingdom central and northern North Sea.



 

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Global Energy Show 2021

21 Sep 2021 - 23 Sep 2021

BMO Centre
20 Roundup Way SE, Calgary, Alberta, T2G 2W1, Canada
 

 
 
 
 
 
 
 

IHS Markit: Storm Uri may have cut US crude production by up to 4 million bpd

While precise crude oil production figures are not available, 20% of lower 48 US natural gas production has been shut-in in the first half of February. An equivalent 20% cut in lower 48 US crude oil production would imply a production drop of around 2 – 2.2 million bpd of output, but this could prove to be even higher – perhaps as high as 4 million bpd.

 

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