US upstream news

The approval ensures that Ohio’s well plugging regulations address modern industry operations, standards and materials while putting in place better planning and review of plugging operations by the well owner as part of the permitting process.

The four-year contract will provide a minimum of 30 Non-Umbilical Downhole Deployment Valves (NU-DDV™) that will be deployed in Eni’s critical wells.

Oil prices have fallen as Covid-19 continues to spread in the US.

ExxonMobil faces a loss for the quarter of US$2.3 billion.

Oil prices fell this morning, reversing some earlier gains of the week, as new record Covid-19 infections in the US worry traders.

Offshore installation activities are scheduled for 2020.

Oil prices rose this morning, reversing earlier losses, as a crude stockpile relief in the US, still inspires market confidence.

Excluding Libya, and adjusting for closed dispositions and curtailments, production in 2Q20 is expected to be in line with the same period a year ago and approximately 5% below 1Q20.

The Taggart discovery is located on Mississippi Canyon Block 816 in approximately 5650 ft of water.

The shale company has voluntarily filed for Chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas.