Shale Oil Focus Shifts to Cash Flow, Squeezing Growth and Small Players
In the shale oil business, cash flow is a life or death issue. For smaller players, money from investors and lenders is getting harder to find.
BHP Billiton Plans To Divest US Onshore Assets
BHP Billiton plans to divest its US onshore assets. The company will continue to complete well trials, acreage swaps, and look into midstream solutions to increase the value, profitability, and marketability of the assets.
Petrofac Sells Stake in Pánuco Contract to Schlumberger
Petrofac sold its 50% interest in Petro-SPM Integrated Services to Schlumberger. Petro-SPM operates the Pánuco Integrated Service Contract in Mexico. Schlumberger now owns 100% of Petro-SPM.
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16 January 2020
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