Edition:
India

Liz Hampton

Continental to resume some U.S. shale output but sees sector lackluster unless oil prices rise

04 Aug 2020

U.S. shale oil producer Continental Resources on Tuesday said it plans to resume most curtailed production, adding prices need to rise further for a significant rebound in overall industry activity.

Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 billion charge

24 Jul 2020

Oilfield services giant Schlumberger NV on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly loss on thousands of job cuts and a pipeline outage in Ecuador.

UPDATE 3-Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 bln charge

24 Jul 2020

July 24 Oilfield services giant Schlumberger NV on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly loss on thousands of job cuts and a pipeline outage in Ecuador.

Baker Hughes posts second quarterly loss as oil slump slams demand

22 Jul 2020

Baker Hughes Co posted its second consecutive quarterly loss on Wednesday and said it would continue reining in costs to prepare for a longer period of oil price volatility.

Halliburton posts third-straight quarterly loss on shale slump

20 Jul 2020

Oilfield services giant Halliburton Co posted its third straight quarterly loss on Monday as it took a $2.1 billion impairment charge amid a slump in oil prices and collapse in drilling by North American customers.

UPDATE 3-Halliburton posts third-straight quarterly loss on shale slump

20 Jul 2020

July 20 Oilfield services giant Halliburton Co posted its third straight quarterly loss on Monday as it took a $2.1 billion impairment charge amid a slump in oil prices and collapse in drilling by North American customers.

Phillips 66 says COVID-19 cases rising among employees: email

18 Jul 2020

HOUSTON/DENVER The number of COVID-19 cases among Phillips 66 employees is growing, with 57 active cases, the company told employees in an email seen by Reuters on Friday.

Marketing firm sues Occidental for payment of crude

17 Jul 2020

Midstream marketing firm MidCon Gathering LLC is suing Occidental Petroleum, alleging the shale giant did not pay for crude deliveries, the latest dispute to arise from production shut-ins prompted by a crash in oil prices this year.

UPDATE 1-Marketing firm sues Occidental for payment of crude

17 Jul 2020

July 16 Midstream marketing firm MidCon Gathering LLC is suing Occidental Petroleum, alleging the shale giant did not pay for crude deliveries, the latest dispute to arise from production shut-ins prompted by a crash in oil prices this year.

Marketing firm sues Occidental for payment of crude

17 Jul 2020

July 16 Midstream marketing firm MidCon Gathering LLC is suing Occidental Petroleum, alleging the shale giant did not pay for crude deliveries, the latest dispute to arise from production shut-ins prompted by a crash in oil prices this year.

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