Here are some of Rigzone’s top upstream stories during the last week, just in case you missed them…
The total number of rotary drilling rigs operating in the US and Canada rose by 12 this week, Baker Hughes reported.
The Trump administration announced sanctions on eight companies involved in the sale of Iranian petrochemicals.
Oil posted its largest monthly drop since March.
Check out Rigzone’s review of oil and gas market hits and misses for the week ending Oct. 30, 2020.
A Biden administration could make an example of an oil pipeline project that has been in the crosshairs of climate activists, celebrities and Native Americans.
Chevron Corp. posted a surprise profit as the oil supermajor slashed capital spending to cope with the pandemic-driven collapse in crude demand.
The Texas Oil and Gas Association reported this week that the state’s upstream oil and gas sector added 700 jobs in September.
Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields after posting a historic loss despite sweeping budget and job cuts.
The BSEE has estimated that, as of Thursday, approximately 84.8 percent of the current oil production in the U.S. Gulf of Mexico has been shut-in.