US upstream news
READ Cased Hole and EV collaborate in Alaska with downhole video technology
READ is now the selected operator of EV’s downhole video technology in Alaska.
API Ohio welcomes new well plugging rules
The approval ensures that Ohio’s well plugging regulations address modern industry operations, standards and materials while putting in place better planning and review of plugging operations by the well owner as part of the permitting process.
Weatherford to supply Eni with non-umbilical downhole valves
The four-year contract will provide a minimum of 30 Non-Umbilical Downhole Deployment Valves (NU-DDV™) that will be deployed in Eni’s critical wells.
Oil falls on US Covid-19 cases
Oil prices have fallen as Covid-19 continues to spread in the US.
ExxonMobil to report loss in 2Q20
ExxonMobil faces a loss for the quarter of US$2.3 billion.
Oil declines on new US Covid-19 infection record
Oil prices fell this morning, reversing some earlier gains of the week, as new record Covid-19 infections in the US worry traders.
Subsea 7 secures Gulf of Mexico contract
Offshore installation activities are scheduled for 2020.
Oil recovers gains as US crude stocks relief reassures traders
Oil prices rose this morning, reversing earlier losses, as a crude stockpile relief in the US, still inspires market confidence.
ConocoPhillips announces estimated 2Q20 production curtailments
Excluding Libya, and adjusting for closed dispositions and curtailments, production in 2Q20 is expected to be in line with the same period a year ago and approximately 5% below 1Q20.
LLOG Exploration sanctions Taggart discovery
The Taggart discovery is located on Mississippi Canyon Block 816 in approximately 5650 ft of water.