US upstream news

Chevron has reported adjusted earnings of US$201 million in 3Q20.

ExxonMobil has kept its 4Q20 dividend flat at 87 cents a share.

Oil prices, after a long period of enjoying +US$40 levels, finally fell below the threshold.

EQT Corp. has entered into a definitive purchase and sale agreement with Chevron USA Inc. under which EQT will acquire Chevron's upstream and midstream assets located in the Appalachian Basin for US$735 million.

Oil prices rose today as US production is hit by yet another hurricane, but the gains may prove to be short-lived due to the worsening Covid-19 pandemic.

The API has a published a suite of standards developed to support proper construction, safe operation and maintenance of offshore pedestal-mounted cranes for natural gas and oil platforms, as well as training for offshore crane operators.

Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately US$4.5 billion.

Oil prices fell today as a projected rise in US crude oil inventories raised concerns in the market that the supply-demand balance is deteriorating.

Oil prices have swung towards both sides today, due to the uncertainty that the OPEC+ meeting created, and as the US election is coming closer and closer.

ConocoPhillips has agreed to buy US shale oil producer Concho Resources Inc for US$9.7 billion.