US upstream news

Storm Uri is expected to have an aggregate adverse impact of up to US$200 million on the company's adjusted earnings in 1Q21.

American oilfield services and equipment sector employment rose by an estimated 23 015 jobs in March, according to a report compiled by the Bureau of Labor Statistics and the Energy Workforce & Technology Council.

The company delivered real-time control of fracture placement while pumping on a multi-well pad using its SmartFleet intelligent fracturing system in the Permian Basin, US.

The MoU will collaborate on capacity building initiatives and standardisation to enhance safety, environmental protection and sustainability in African countries producing natural gas and oil.

The new location offers Dräger’s full portfolio of safety products and its offering of rental and safety services for the oil, gas and chemical industries.

Pro forma for the acquisition, Noble will own and operate a high specification fleet of 24 rigs, with 11 drillships, 1 semisubmersible, and 12 jackups.

The King’s Quay floating production system in the Gulf of Mexico and its associated laterals will be co-owned in a joint venture with entities managed by Ridgewood Energy Corp., including ILX Holdings III, LLC.

Oil prices fell further on Thursday as a result of continuing doubts over the AstraZeneca vaccine and a rise in US crude inventories.

Under the theme of Innovative Energy Solutions, delegates to the event can expect a packed four-day programme with over 500 expert speakers sharing their insights into current industry trends, as well as creative solutions and best practices to address industry challenges.

Oil prices are declining today as the market fears crude stock levels in the US could rise again and as the speed of the global oil demand recovery is under threat amid Covid-19 vaccination campaign setbacks.