ExxonMobil releases 3Q20 results
ExxonMobil has announced an estimated 3Q20 loss of US$680 million.
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ExxonMobil has announced an estimated 3Q20 loss of US$680 million.
Chevron has reported adjusted earnings of US$201 million in 3Q20.
Oil prices have not taken a definite direction today, hovering around the low levels that Covid-19’s second wave brought upon the market this week.
The company's operating result for the third quarter was US$-27.9 million, compared to US$102.5 million last year.
EM&I is planning to show the latest developments in its NoMan remote inspection system on a full-size section of a typical FPSO tank between the 9 and 11 December 2020.
Smith Bits, a Schlumberger company, has introduced the StrataBlade* concave diamond element bit.
MODEC has commissioned MAN Energy Solutions to supply a total of five radial compressor and two screw compressor trains for the largest FPSO vessel to ever be delivered to Brazil.
Oil prices continued their free fall for a second day in a row as the market finally corrected itself, pricing in the full impact of a second wave of Covid-19.
ExxonMobil has kept its 4Q20 dividend flat at 87 cents a share.
Shell has raised its dividend after easily beating quarterly profit forecasts, and named nine hubs for oil and gas production.
Two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons.
Petrobras has agreed to purchase the FPSO P-71, currently under construction, for US$353 million.