US upstream news
Total ends membership of API
Total has said that API's climate positions were only "partially aligned" with its own.
EIA expects US fossil fuel production to increase through 2022
The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.
Halliburton deploys industry’s first electric grid-powered fracturing operation
The job is being performed on several pads for Cimarex Energy Co. in the Permian Basin.
Pioneer Natural Resources completes acquisition of Parsley Energy
The acquisition has been approved by Pioneer and Parsley stockholders.
Oil rises on back of production cuts, falling crude inventories
Oil prices, and especially WTI, rose on Thursday as a result of the promised Saudi production cuts, falling crude inventories and political turmoil in the US.
Liberty and Schlumberger complete North American pressure pumping deal
The two companies have completed the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada to Liberty.
Oceaneering awarded contract to 20 000 psi-rated subsea hydraulic connection hardware
The hardware is destined for the first-ever 20 000 psi-rated field to be developed in the Gulf of Mexico.
Oil back to gains on Covid-19 vaccine confidence
Oil prices reversed early losses on Wednesday as some confidence that the existing vaccines can counter the new Covid-19 strain offset concerns over President Trump’s stimulus package pushback.
Oil falls on new Covid-19 strain setback
Oil prices declined on Tuesday as the market ignored news of the US stimulus deal, focusing on the new Covid-19 strain setback.
Shell writes down assets again
Shell has said it will write down the value of oil and gas assets by US$3.5 billion to US$4.5 billion.