US upstream news
EQT Corp. to acquire Alta Resources
The acquisition will add 1 billion ft3/d equivalent of gas production to EQT Corp's current net production.
Maersk Training and Shell establish offshore training partnership for Gulf of Mexico
Maersk Training will deliver safety, pool survival, well control and process training in the region.
ExxonMobil records US$2.7 billion profit in 1Q21
Exxon recorded 1Q21 earnings of US$2.7 billion, compared with a loss of US$610 million in 1Q20.
Chevron releases 1Q21 results
The company reported adjusted earnings of US$1.7 billion (US$0.90 per share - diluted) in 1Q21 compared to adjusted earnings of US$2.5 billion (US$1.31 per share - diluted) in 1Q20.
Halliburton launches borehole imaging technology
The StrataXaminer tool delivers high-resolution images of the reservoir structure to identify bedding, fracture patterns, fault zones and potential flow barriers with increased accuracy.
Gardner Denver recognised in 2021 Oilfield Products Customer Satisfaction Survey
Overall, Gardner Denver was placed in the top five performing companies in the survey, conducted by EnergyPoint Research.
Oil production in Alaska reaches lowest level in more than 40 years, reports US EIA
Last year's production was over 75% less than the state’s peak production of more than 2 million bpd in 1988.
Equinor completes sale of Bakken assets
Equinor has completed the sale of its operated and non-operated acreage in the Bakken field in North Dakota and Montana to Grayson Mill Energy.
EM&I awarded US patent for camera technology
The NoMan optical system, for which the patent has been given, is used for remote general and close visual inspection of tanks, pressure vessels and other confined spaces.
EIA: US exploration and production companies issuing new debt and equity
Because US producers have increased access to debt and equity (among other factors), the EIA is forecasting that US crude oil production will increase from 10.7 million bpd in 1Q21 to 12.2 million bpd in 4Q22.