US upstream news
Weatherford appoints new CEO
Effective 12 October 2020, Girish K. Saligram will be the company’s President and CEO.
API comments on offshore energy moratorium extension
The API has said the extension of the moratorium on the Eastern Gulf of Mexico (EGOM) and expanding it to the South Atlantic "is the wrong approach at the wrong time".
Oil prices continue to fall
Oil prices are continuing to fall, with most concerns focusing on the US, where Covid-19 isn’t slowing down and road fuel demand trembles.
Valaris files for Chapter 11 restructuring
Valaris has reached an agreement with approximately 50% of its noteholders on a prearranged plan that would reduce debt by more than US$6.5 billion.
Sercel-GRC appoints vice president major accounts and operations
William H. Milne will be responsible for growing relationships with US domestic oilfield service companies and developing new business with clients in the artificial lift sector.
Abrado appoints new CEO to lead global growth
Abrado, a leader in surgical removal of multiple casing sections downhole, has appointed Jason Broussard as President and CEO.
Weatherford and INT expand collaboration on 2D, 3D real-time well visualisation
Weatherford will embed INT’s IVAAP framework into the Weatherford Centro™ digital well delivery software.
Rystad Energy: Covid-19 pushes OFS headcount to lowest level in over a decade
A Rystad Energy analysis of the top 50 oilfield service (OFS) firms shows that staffing is set to reach its lowest level in more than 10 years.
TGS announces onshore 3D seismic survey in the Powder River Basin
Voyager 3D, located in Johnson County, Wyoming, US, will encompass approximately 555 km2.
Halliburton and Honeywell collaboration to improve asset productivity
The collaboration will leverage Halliburton Landmark’s DecisionSpace® 365 E&P cloud applications and Honeywell Forge.