At the World Economic Forum in Davos, heads of Chevron, BP, Shell, Total, Aramco and Exxon Mobil joined together to discuss two key topics—climate change and pressure from investors.
The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.
Houston-based Halliburton said revenue from North America fell about 2% to $3.3 billion from a year earlier and dropped 11% from the third quarter.
Schlumberger, a bellwether for the oilfield services sector, said recent volatility in crude prices has led to more uncertainty in the spending outlook for oil and gas producers.
Esso Australia Pty Ltd. awarded the alliance—which comprises OneSubsea, a Schlumberger company, and Subsea 7—integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts, Schlumberger said in a news release.
CGG has commenced the acquisition of a new high-density 3-D survey in the Anadarko Basin, the company said on Jan. 15.
A Permian standard is emerging after experimentation during a decade of drilling the basin’s multiple unconventional shales has found diminishing returns, says CEO of reserve evaluation firm Haas Engineering.