US upstream news
Developments in US boost oil prices
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has commented on today's developments.
Shell delays making decision on North Sea and Gulf of Mexico projects
The company is delaying final investment decisions (FIDs) on the Jackdaw natural gas field in the North Sea and the Whale deepwater oil discovery in the Gulf of Mexico.
Baker Hughes posts 1Q20 results
The oilfield services company recorded a US$10 billion loss in 1Q20.
Weatherford records milestone for automated connection integrity
The company's VeroTM automated connection integrity has successfully completed 100 runs and 33 000 tubular connections in operations worldwide since its market debut.
Rystad Energy: global OCTG demand to decline by 15% in 2020
The US is seeing an immediate and severe drop in OCTG tonnage requirements, as operators have slashed their drilling programmes by in some cases up to 50%.
Rystad Energy comments as WTI falls to negative levels again
Rystad Energy's Oil Markets Analyst Louise Dickson has said that WTI June 2020 deliveries could also be on their way into the red.
EnergyWaterSolutions VOX evaporation technology available for commercial use
The VOX evaporation technology evaporates produced water from production sites into the atmosphere with low emissions.
Rystad Energy: "physical oil market broken beyond recognition"
Rystad Energy's Head of Oil Markets, Bjornar Tonhaugen, has commented on the recovery of oil prices from negative levels yesterday.
Halliburton releases 1Q20 financial results
The company has announced a net loss of US$1 billion, or US$1.16 per diluted share, for 1Q20.
Rystad Energy predicts 2.7% y/y decline in US shale output
As shut-ins, reductions in spending and activities weigh in, 4Q20, which was projected to see a y/y oil production increase of 650 000 bpd, is now instead forecast to see a reduction of 1.5 million bpd.