
U.S. Geological Survey technicians at the USGS Gulf Coast #4 Bonham borehole prepare for geophysical logging of the Austin Chalk Group and the Eagle Ford Group mudstones in Fannin County, Texas. (Source: Stan Paxton/USGS)
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Lamprell Lands Aramco Contract for Giant Offshore Oil Field
Lamprell has been awarded an engineering, procurement, construction and installation (EPCI) contract on Feb. 24 by Saudi Aramco as part of their long-term agreement program (LTA) with Lamprell.
Exxon Mobil’s Total Reserves Fall after COVID-19 Oil Price Drop
Total reserves for all products fell to 15.2 billion barrels at the end of 2020.
US Crude Oil Production Drops in Largest Weekly Fall Ever: EIA
Overall U.S. crude oil output fell by 1.1 million bbl/d to 9.7 million bbl/d in the week to Feb. 19, the EIA said, as Texas’ deep freeze forced most of the state’s operators and refiners to shut as components and pipelines froze.