http://www.worldoil.com WorldOil Oxy CEO says U.S. oil production will never see pre-pandemic levels https://www.worldoil.com/news/2020/10/14/oxy-ceo-says-us-oil-production-will-never-see-pre-pandemic-levels America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp. Schlumberger sells its frac operations to Liberty Oilfield Services for 37% equity stake https://www.worldoil.com/news/2020/9/1/schlumberger-sells-its-frac-operations-to-liberty-oilfield-services-for-37-equity-stake Liberty Oilfield Services Inc. and Schlumberger announced an agreement for the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada, including its pressure pumping, pumpdown perforating, and Permian frac sand businesses to Liberty, in exchange for a 37% equity interest in the combined company. Schlumberger cutting 21,000 jobs on weak Q2 sales, dismal outlook https://www.worldoil.com/news/2020/7/24/schlumberger-cutting-21-000-jobs-on-weak-q2-sales-dismal-outlook The second-quarter rout was so bad for Schlumberger that it’s spending $1 billion on job severance in a move that will shrink staffing to an 11-year low. Various restructuring and impairment charges cost it another $2.7 billion, the company said Friday in a statement. Daily Brief podcast: The impact of oil prices and politics on oilfield service companies https://www.worldoil.com/news/2020/4/17/daily-brief-podcast-the-impact-of-oil-prices-and-politics-on-oilfield-service-companies Kurt and Cameron talk about how oil prices, state and federal politics are impacting oilfield service companies, and how positions taken today will affect a market recovery. Wood to deliver engineering design for Chevron's Anchor development https://www.worldoil.com/news/2020/2/28/wood-to-deliver-engineering-design-for-chevrons-anchor-development Wood is delivering a multi-million-dollar engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico. U.S. to sell 12 MMbbl of oil just as virus hits demand https://www.worldoil.com/news/2020/2/28/us-to-sell-12-mmbbl-of-oil-just-as-virus-hits-demand The U.S. will sell up to 12 MMbbl of oil from its emergency government stockpile just as global crude demand takes a hit from the spreading coronavirus. Natural gas hits four-year low on ‘epic’ U.S. demand failure https://www.worldoil.com/news/2020/2/11/natural-gas-hits-four-year-low-on-epic-us-demand-failure Natural gas futures sank to a four-year low as the latest U.S. forecasts all but eliminated bulls’ hopes for a late-winter cold push. Energy Capital pauses pipeline deals on widening shale despair https://www.worldoil.com/news/2020/2/7/energy-capital-pauses-pipeline-deals-on-widening-shale-despair Energy Capital Partners LLC is pausing new pipeline deals, according to people familiar with the matter, as the accelerating downturn in shale prompts investors to seek returns elsewhere. Stress Engineering Services, Optimum Program form RiGUARD JV https://www.worldoil.com/news/2020/2/5/stress-engineering-services-optimum-program-form-riguard-jv Stress Engineering Services, Inc., (SES) the global leader in consulting engineering services and solutions,has entered into an agreement with Optimum Program Ltd, an internationally recognized provider of inspection services, digital data, knowledge and process solutions, to form the RiGUARD joint venture. Emerald Bay Energy spuds well in Duval County https://www.worldoil.com/news/2020/2/5/emerald-bay-energy-spuds-well-in-duval-county Emerald Bay Energy Inc. reported today that the Company has spudded the fifth well, #4HC, on the Duval County Ranch Company (DCRC) "E" lease.