US upstream news
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.
Tri-D Dynamics partners with Marubeni-Itochu Steel to digitise and track OCTG
Tri-D will provide design and advanced manufacturing IP to integrate sensors and electronic components into MISI pipelines used in oil and gas production.
Rival Downhole Tools acquires operating assets of Hunting Energy Services
The deal is expected to provide the catalyst for future international expansion in the Middle East and, in particular, Saudi Arabia.
Oceaneering awarded connector supply contract by TechnipFMC
The company will provide connectors for the Khaleesi/Mormont and Samurai tieback project in the US Gulf of Mexico.
Global shale industry on a recovery path after 8.1% production decline in 2020, says GlobalData
Unless an effective COVID-19 vaccine is made available, the uncertainty in global energy demand will continue to weigh down oil prices, and delay shale industry recovery.
Chevron makes cuts to capital budget
Chevron has cut billions off its long-term capital and exploratory budget after a major restructuring of its operations.
ExxonMobil to write off up to US$20 billion in 4Q20
ExxonMobil has said it will write down the value of natural gas properties by US$17 billion to US$20 billion.
AFR: ExxonMobil abandons sale of Bass Strait assets
ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait.
Major drilling and downhole solutions provider announces the rebirth of a new era
Varel International Energy Services, a long-standing provider of drilling and downhole solutions, has announced its redefining vision for business growth.
BOEM proposes first Gulf of Mexico lease sale of 2021
Lease Sale 257, scheduled for March 2021, will be the eighth offshore sale under the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.