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Norway s oil and gas firm Equinor ASA is considering selling its onshore shale assets in the Bakken field in the U.S., Norwegian business daily Dagens Naeringsliv reported on Jan. 13, citing a company executive. We have not made a final decision yet. But our intentions are clear. Our whole portfolio is under consideration, including our onshore U.S. portfolio, Equinor s Executive Vice President Al Cook told the daily. When we look at Bakken, we must ask ourselves how we create the most value: is it by staying on as an operator, or as a partner or by selling the field, he added.
Rig count, oil prices increase
Weekly rig count up again and oil prices reach highest level since February 2020.
The U.S. rig count rose by about 13 rigs in the last week to 393 as of Jan. 6, according to Enverus Rig Analytics.
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Former Noble Energy Exec Brent Smolik Joins Marathon Oil Board
The addition of Brent Smolik, formerly president and COO of Noble Energy, increases the size of the Marathon Oil board of directors to nine, according to a company filing.
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Marathon Oil Corp. said Jan. 11 that Brent Smolik, a former executive at Noble Energy, has been elected to the company’s board of directors.
Brent Smolik
Smolik, 59, has over 35 years of experience in the oil and natural gas industry. He recently retired from his role as president and COO of Houston-based Noble Energy following its merger with Chevron Corp. in 2020.
Survey: Third of Oil Industry Workers Faced Pay Cut in 2020
The shale market in the U.S. was one of the hardest hit segments of the oil and gas industry in the world for the pandemic, says Janette Marx, CEO of staffing firm Airswift.
Bozorgmehr Sharafedin, Reuters
Tue, 01/12/2021 - 12:00 PM
Oil and gas workers are still among the highest paid in the world, but a majority of those questioned said they felt less secure about their jobs than a year ago as investments shift to low-carbon energy sources, according to a Global Energy Talent Index report by staffing firm Airswift and Energy Jobline.
The age of the driller is over, industry expert Chuck Yates says, and the oil and gas companies that outperform going forward will be valued on different metrics.