US upstream news

Oil prices rose on Monday as a cyberattack on key pipeline infrastructure in the US made up for bearish news over the pandemic’s further spread in Asia.

Chevron is right in holding back in capital spending to boost production as its current priority remains in creating a strong balance sheet and generating free cash flow, says GlobalData.

The Railroad Commission of Texas issued a total of 732 original drilling permits in April 2021 compared to 456 in April 2020.

The acquisition will add 1 billion ft3/d equivalent of gas production to EQT Corp's current net production.

Maersk Training will deliver safety, pool survival, well control and process training in the region.

Exxon recorded 1Q21 earnings of US$2.7 billion, compared with a loss of US$610 million in 1Q20.

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.

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.

Overall, Gardner Denver was placed in the top five performing companies in the survey, conducted by EnergyPoint Research.

Last year's production was over 75% less than the state’s peak production of more than 2 million bpd in 1988.