US upstream news

The Perfecta rock charge is designed to improve well stimulation and productivity, and prolong the lifespan of conventional wells.

ExxonMobil Low Carbon Solutions will initially focus on carbon capture and storage, and is advancing plans for more than 20 new carbon capture and storage opportunities around the world.

C-Innovation will supply and complete all project management and engineering to provide a complete RLWI system utilising technology from Baker Hughes, Caltex Oil Tools and Halliburton.

Chevron has announced an US$11 million 4Q20 loss.

Most of the company's 2021 budget will be allocated towards operations in Guyana.

Affiliates of the two companies have entered into an agreement to jointly develop a futures contract for the physical delivery of crude oil in the Houston area.

American Petroleum Institute President and CEO Mike Sommers has issued a statement on the Biden administration's decision to temporarily suspend oil and gas permitting on US federal lands and waters.

Oil prices have fallen today over concerns about reported rising US oil storage levels and China adding travel restrictions.

API has issued a statement confirming that it stands ready to work with President Joe Biden and his administration.

Oil prices have risen on enthusiasm about a new policy era in the US and on anticipation for a decline in crude inventories.