Exploration & Production

Shares of oilfield firm Halliburton Co fell sharply after the company forecast lower revenues in key business areas in the first quarter, overshadowing a quarterly profit beat and a pledge to reduce 2019 spending.Clients in North America, Halliburton’s biggest market by revenue, began pulling back...






US oil output from seven major shale formations is expected to rise by nearly 63,000 barrels per day (bpd) in February to a record 8.179 million bpd, the US Energy Information Administration (EIA) said in a monthly report.The largest change is forecast in the Permian Basin of Texas and New Mexico...






China’s state-owned offshore oil and gas producer CNOOC Ltd said it is confident of achieving its spending target this year, the highest since 2014, as its responds to a call to build up the nation’s petroleum output and reserves.The company plans to spend 70 billion to 80 billion yuan ($10.3...






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