Chesapeake Energy sees 5% to 7% drop in oilfield service costs in 2024
By Arathy Somasekhar HOUSTON (Reuters) – U.S. oil and gas company Chesapeake Energy on Wednesday said it expects deflation in oilfield service costs by 5% to 7% next year as weaker drilling…
SLB wins Russia business as oilfield rivals exit after Ukraine invasion
By Liz Hampton (Reuters) – Following Moscow’s invasion of Ukraine, world’s largest oilfield firm SLB has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who left, according…
Brazil’s Petrobras reaches deal with regulator on govt stake in oilfield
SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras has reached a deal with oil regulator ANP to pay 780 million reais ($146.38 million) regarding the government’s stake in its Jubarte oilfield,…
Chesapeake Energy sees 10% oilfield inflation in 2023 compared to 2022
(Reuters) – Shale producer Chesapeake Energy is anticipating roughly 10% oilfield inflation in 2023 compared with the current year, Chief Executive Officer Nick Dell’Osso said on Wednesday at a conference in New…
U.S. oilfield services firm Halliburton warns of risk to Russian assets
(Reuters) – U.S. oilfield services firm Halliburton Co on Friday warned it may face Russian government seizure of its $340 million in assets in the country and a future charge to earnings…
Libya halts operations at El Feel oilfield, Zueitina port due to protests
BENGHAZI – Libya halted oil production from its El Feel oilfield on Sunday and two sources at Zueitina oil port said exports there had been suspended after protesters calling for Tripoli-based Prime…
Alaska oilfield gas leak estimated at 7.2 million cubic feet
By Yereth Rosen ANCHORAGE, Alaska -More than 7.2 million cubic feet of natural gas escaped in a leak at a key Alaskan oilfield, forcing workers to evacuate and cutting production last month,…
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