Drilling & production

Petrofac has completed the sale of its remaining 51% interest in its upstream IES operations in Mexico to Perenco Energies International Limited.

Lufkin Industries, a portfolio company of KPS Capital Partners, LP (KPS), has completed the acquisition of the North American Land Rod lift business of Schlumberger N.V.

Premier Oil has received the requisite level of support from each class of its creditors for its proposed merger with Chrysaor Holdings Limited.

Dolphin Drilling has secured a new combined contract with Norwegian oil and gas operator DNO Norge AS.

Neptune Energy has announced first gas production from the Adorf Carboniferous development in northwestern Germany.

Total reported net income of US$202 million, down 93% from a year earlier, but rebounding from a loss in 2Q20.

ExxonMobil has announced an estimated 3Q20 loss of US$680 million.

Chevron has reported adjusted earnings of US$201 million in 3Q20.

Smith Bits, a Schlumberger company, has introduced the StrataBlade* concave diamond element bit.

ExxonMobil has kept its 4Q20 dividend flat at 87 cents a share.

Shell has raised its dividend after easily beating quarterly profit forecasts, and named nine hubs for oil and gas production.

Wintershall Dea has begun drilling the first of six wells on the operated Nova field in the Norwegian North Sea.

EQT Corp. has entered into a definitive purchase and sale agreement with Chevron USA Inc. under which EQT will acquire Chevron's upstream and midstream assets located in the Appalachian Basin for US$735 million.

BP reported a US$86 million underlying replacement cost profit for the three months to 30 September.

ADNOC has awarded contracts worth US$324 million to optimise onshore field operations in Abu Dhabi.