The US Department of Energy Raised the Forecast for Oil and Liquid Hydrocarbons Production in the Russian Federation in 2023 by 100 Thousand b/d
The United States has adjusted the forecast for oil and liquid hydrocarbons (LPH) production in Russia for 2023, increasing it by 100 thousand bpd, to 10.73 million bpd, according to the monthly forecast of the US Department of Energy Information Administration (EIA). A month earlier, department analysts predicted this figure …
BP Does Not Need Additional Oil and Gas Resources in the US
British energy BP does not need new oil and gas resources in the United States, said company CEO Murray Ashinkloss, commenting on media reports about possible new projects in this region. On Monday, Reuters, citing sources, wrote that BP is considering the possibility of creating joint ventures to increase shale …
American Shale Producers Continue to Absorb Each Other
According to Reuters, ConocoPhillips would like to buy CrownRock for $10-15 billion But ConocoPhillips is not the first contender for the hand of this shale company. Diamondback Energy, Devon Energy, Marathon Oil and Continental Resources also wanted to compete for her favor, but were unable to reach an agreement. However, …
American Oil and Gas Companies are Leaving Europe and Africa
ExxonMobil and Chevron are increasing investment in the United States, are interested in Latin America, but are leaving European and African assets ExxonMobil and Chevron are increasing their presence in the United States through large acquisitions of American companies operating in the United States. Corporations are also increasing their capital …
Halliburton Increased Quarterly Net Profit by a Third
In the third quarter of 2023, the American oilfield services company Halliburton Co. increased net profit by a third, revenue – by 8%, and profit was slightly better than market expectations, and revenue – slightly worse. The company’s net income in July-September was $716 million, or $0.79 per share, compared …
Packer Service Took Part in the International Oil and Gas Conference and Offshore Technologies “OTC 2023” in Houston
From May 1 to May 4, 2023, a delegation from Packer-Service LLC visited the international oil and gas conference and exhibition of offshore technologies “OTC 2023” in NRG Park in Houston (USA) The purpose of visiting the exhibition is to search for new technologies in the field of enhanced oil …
Shales are Closing – Everyone is Moving to the Shelf
Oil production from mainland US fields is declining, the EIA reports, although recently their data showed record levels of oil production across the country. The United States is losing production from mainland fields, writes Reuters with a link to data from the Energy Information Administration (EIA) of the US Department …
Oilfield Service Awaits the Opening of Venezuela
The world’s largest oil services company SLB plans to quickly return to the fields of Venezuela after the easing of US sanctions against the country’s energy industry, said the head of the company Olivier Le Peche. According to him, the company will try to mobilize resources and equipment to resume …
SLB in Q3 Increased Net Profit by 24%, Revenue by 11%
American oilfield services company SLB (formerly known as Schlumberger) in the third quarter increased net income by 24%, revenue by 11%, with adjusted earnings per share exceeding market expectations by 1 cent, and revenue only slightly below forecasts. Net income in July-September was $1.12 billion, or 78 cents per share, …
Alexander Novak Announced the Stagnation of Shale Oil Production in the United States
According to the Deputy Prime Minister of the Russian Federation, the industry has still not recovered from the stress of the pandemic Shale oil production in the United States is stagnating at approximately the same level, Russian Deputy Prime Minister Alexander Novak said in an interview with Business FM. US …