Upstream news
Shell reports drop in profit in 2020
Shell’s adjusted earnings for 2020 were US$4.8 billion, a fall of 71% from 2019.
Rosneft and BP sign sustainability and carbon management collaboration agreement
Rosneft and BP have agreed to cooperate in identifying and developing new low carbon solutions and programmes.
Rystad Energy: OPEC+ meeting could be paving the way to increase production going forwards
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has commented on today's OPEC+ meeting.
Halliburton to assist Kuwait Oil Company with digital transformation
Halliburton will maintain and expand digital solutions for Kuwait Oil Company's North Kuwait asset.
Strohm provides TCP jumpers for Malaysia offshore project
The Netherlands’ headquartered business will supply two, 150 m-long TCP Jumpers for an offshore project in deepwater Sabah.
TMC Compressors to supply compressed air system for Bacalhau FPSO
TMC Compressors has been contracted to supply the marine compressed air system to the Bacalhau FPSO that is being built for Equinor.
ExxonMobil reports annual loss for 2020
The company has reported a net annual loss of US$22.4 billion for 2020, on the write down and losses in oil production and refining, compared with a full-year profit of US$14.34 billion in 2019.
Hunting introduces Perfecta rock charges
The Perfecta rock charge is designed to improve well stimulation and productivity, and prolong the lifespan of conventional wells.
ExxonMobil creates low carbon technology business
ExxonMobil Low Carbon Solutions will initially focus on carbon capture and storage, and is advancing plans for more than 20 new carbon capture and storage opportunities around the world.
Weir completes sale of oil and gas division to Caterpillar
The sale, for an enterprise value of US$405 million, was first announced on 5 October 2020.