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The majority of energy firms surveyed by the Federal Reserve Bank don’t expect the business environment to significantly improve until 2022 or 2023.

As data management (DM) moves from priority to imperative status in the beleaguered upstream industry, growing gaps between DM-mature and DM-immature organizations will determine future leaders.

Chevron is initiating its layoffs of up to 15% of its global workforce of 45,000 first announced in late May by asking employees to reapply for positions. It closed its $4.1-billion acquisition of Noble Energy this week in which it gained 2,200 employees.

The deal includes Sandvik’s exploration rigs, consumables, production stock, and selected trademarks and patents.

Hurricane Delta leads to shut-ins of 92% oil and 60% gas production in GOM as landfall is expected today.

As the science has developed, accident-causation models have improved understanding of why accidents happen and how to reduce their likelihood. In more contemporary models, this approach also has been used to improve the understanding of why things go right and how to increase that likelihood.

Breakwater’s produced-water-recycling facility has the flexibility to recycle, store, or dispose of water. It has already recycled nearly 5 million bbl of produced water in the third quarter of 2020.

Eni plans to reuse depleted hydrocarbon reservoirs in Liverpool Bay to permanently store CO2 captured in northwest England and North Wales.

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 FPSO will be capable of processing 90,000 B/D of crude, 75 million ft3/D, 120,000 B/D of water injection, and a storage capacity of 900,000 bbl of crude oil. First oil is planned for 2021.

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.