US upstream news

Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has said that Norway's decision to cut production could be a good example for other producers outside OPEC+.

US oil production of at least 300 000 bpd will be shut during May and June, according to a Rystad Energy analysis of early communication from US oil producers.

The oil price has reversed morning losses and now enjoys limited gains.

Well Control School has announced the launch of the SMART knowledge retention programme, a new online well control training aid.

Diamond intends to use the proceedings to restructure and strengthen its balance sheet and achieve a more sustainable debt profile.

BP and Hilcorp have successfully renegotiated the financial terms of the deal to respond to the current environment.

WellSharp Live has been developed as a temporary solution to support ongoing training and learning in the oil and gas industry during the Covid-19 crisis.

Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has supplied a daily market comment, as oil prices rose slightly today before returning to flatter levels with marginal deviations.

Rystad estimates that the total number of started frac operations will end up below 300 wells in April 2020.

Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has commented on today's developments.