US upstream news
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.
Schlumberger releases 1Q20 results
The company has reported a US$7.4 billion loss as a result of the impact of the Covid-19 pandemic and low oil prices.
ConocoPhillips cuts production and spending
The measures include a reduction in output of 225 000 bpd.
Covid-19 and low oil prices could cancel over half of 2020’s licensing rounds globally, predicts Rystad Energy
New licensed offshore acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, according to Rystad Energy.
Rystad Energy: US crude oil stock builds break records
US crude oil stock builds hit a new weekly record in the week ending April 10 (week 15) as about 17.2 million bbl was sent into storage.
Weatherford provides update on expected results for 1Q20
The company has also announced its intention to delist from the New York Stock Exchange.
ExxonMobil field testing methane detection technologies
Field trials of eight emerging methane detection technologies, including satellite and aerial surveillance monitoring, are being conducted at nearly 1000 sites in Texas and New Mexico, US.
Chevron awards Subsea 7 Anchor field contract
Subsea 7 will provide subsea installation services at the Anchor field in the Green Canyon area of the Gulf of Mexico.
Geolog to acquire Nabors' US mudlogging assets
Geolog has been present in the US market since 2014.