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GOM production shut-ins increased to 80% of the oil and 49% of natural gas. Hurricane Delta weakened from a category 4 storm to a category 2 storm on Wednesday and is expected reach the US Gulf later in the week.

The merger will effectively end the 86-year run of UK independent oil producer Premier Oil and give rise to one of the largest companies operating in the North Sea region.

The acquisition of Weir’s lines of pumps, consumable parts, wellhead, and pressure-control products expands Caterpillar’s well-service capabilities.

Hurricane Delta is expected to hit Mexico’s Yucatan Peninsula on Wednesday and reach the US Gulf later in the week. Twenty-nine percent of the current oil production and 9% of natural gas production in the Gulf of Mexico is shut in.

With oil prices still low, Hess decided to sell a stake in one offshore project to help pay to develop a much larger one.

The latest updates on the North American shale sector’s efforts to consolidate and restructure.

Imagine the time when we are no longer concerned about the digital-transformation issues we face today, such as data availability, security, and many others. This would be the time when companies make the best out of digital infrastructure. This era might be here sooner than expected.

One year after the Johan Sverdrup field came on stream, Equinor says digital technology has proven to be key to safety and value in all parts of the operation, increasing earnings by more than $200 million.

Equinor plans to cut its global exploration staff by 30% in the next 3 years and plans to drill 30–40 wells globally this year. Ongoing labor strikes have led to the operator shutting in four of its platforms.

SPE has made the difficult decision to stop printing and mailing JPT magazine as a cost-savings measure as of the November 2020 issue. For now, this change will be effective only through March 2021 but may extend as we consider future economic conditions and member response.