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...Analysts warn current oil prices could start to put financial pressure on some producers, especially after oilfield services inflation raised their so-called “break-even” price, the level they need to cover...
...“Anybody working in tech or games right now is worried about lay-offs to some degree, either for themselves or someone they know,” said Autumn Mitchell, a quality assurance tester at Microsoft video game...
...They include cyber security providers, such as Palo Alto Networks and CrowdStrike, and semiconductor designers and testers, such as Synopsys and Advantest....
...They pinpoint lingering problems at the $45bn expansion of the Tengiz oilfield in Kazakhstan, which has faced repeated delays and cost overruns....
...To boost their pricing power, oilfield service firms need to team up....
...Denbury, a relatively small oil producer, has built up significant expertise in the “enhanced oil recovery” method of extraction, in which it uses its CO₂ pipelines to pump the greenhouse gas into ageing oilfields...
...Most testers were wildly enthusiastic. “I saw the presentation and thought it looked good but figured that when we tried it, we’d see the glitches,” said Francisco Jeronimo, analyst at IDC....
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...Denbury Resources, a small oil producer, has long had an “enhanced oil recovery” business that uses CO₂ pipelines to pump the gas into ageing oilfields and boost their output....
...Halliburton, the oilfield services company, said it would add to its annual regulatory report in 2023 that a transition away from fossil fuels posed a risk to the company....
...The UK government wants to increase domestic fossil fuel production and Ithaca’s controversial Cambo oilfield was included in a list published last month of priority infrastructure projects ministers want...
...Due to close in June, the Siccar Point acquisition also hands Ithaca a 20 per cent stake in Rosebank, another significant undeveloped oilfield north-west of the Shetlands....
...Running out the clock The University of Texas has used its lucrative swath of America’s largest oilfield to build an endowment that rivals Harvard....
...The companies, both focused on the Bakken oilfield of North Dakota and Montana, said on Monday they would combine in an all-stock deal in response to investor pressure to cut the fat and drive efficiency...
...The company will acquire the Ingleside Energy Center near the Port of Corpus Christi and stakes in several pipelines leading from inland oilfields to the Gulf of Mexico coast, as part of an all-cash deal...
...They are mostly clustered around the Permian Basin oilfields of west Texas, where CO2 is injected into wells to squeeze out stubborn crude oil deposits....
...The SFO’s Unaoil case triggered a string of criminal investigations into engineering and oilfield service companies thought to have dealings with the company....
...The North Face refused an order from Innovex Downhole Solutions, a Houston-based oilfield services group, for about 400 company-branded North Face jackets that it intended as gifts for staff....
...The transaction unites the two companies in a bet on the Permian, the world’s most prolific oilfield, which stretches between Texas and New Mexico and is the heart of the US shale industry....
...(NYT) Oilfield blues Drilling rigs that supported the local economy in west Texas — including barbers earning $180,000 per year — are now sitting untouched after the spread of Covid-19 caused demand to...
...many other companies that have hit the wall in recent months have been shale-focused, Denbury specialises in enhanced oil recovery, a process which involves the injection of carbon dioxide into existing oilfields...
...The deal also significantly expands US Chevron’s shale position, including in Texas’s Permian, the world’s most prolific oilfield, where it said Noble’s acreage would be contiguous with its own assets....
...In an April 16 note downgrading Diamond’s debt to the 17th point on its 21-point scale, rating agency Moody’s said the oilfield services sector would be “one of the sectors most significantly affected” by...
...Testers and samples will remain off-limits to many, even once the aversion to busy shops has died down, and virtual testing could become the only way....
...Of these, 33 were oil and gas producers, 15 oilfield services companies and two midstream companies....
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