Schlumberger CEO Olivier Le Peuch commented, “Full-year revenue for 2019 was $32.9 billion, a level essentially flat with 2018. Overall performance was positive—particularly in the international markets—and we generated $2.7 billion in free cash flow, which was a remarkable achievement under these market conditions. Full-year pretax segment operating margin of 12%, however, was slightly down year-on-year.

Brent were up by 70 cents, or 1.11%, to $65.55, WTI was up by 56 cents, or 1%, at $59.10 a barrel, after rising to $59.73, the highest since Jan. 10.

On trade, an important agreement was announced this week, but much more work is ahead to heal the fractures between the world’s two largest economies. Beyond the US and China, the global trading system is in need of a significant upgrade.

Iraqi oil production averaged more than 4.8 million barrels per day (bpd) in 2019, of which about 1.8 million bpd stemmed from the country’s domestic and state-owned players

Recent statistics issued by the Organisation of the Petroleum Exporting Countries, OPEC, highlighted a decrease in its production by 6.3 percent or some 2 million barrels per day in 2019, compared to 2018.

Academics and concerned citizens often ask "how long" will it take for the global economy to transition to zero carbon energy systems in the transportation, electric generation and heavy industry sectors.

The waiver allows Chevron, Halliburton, Schlumberger, Baker Hughes and Weatherford International to continue certain work with PDVSA, outside of US sanctions.

Norway's preliminary production figures for December 2019 show an average daily production of 2 082 000 barrels of oil, NGL and condensate, which is an increase of 95 000 barrels per day compared to November.

a sharp rise in the Germany’s renewable generation capacity was needed over the next 15 years to meet demand from the electrification of heating, transport and other industries.

A “clean energy resource” is defined as “any technology used to generate electricity without emitting carbon dioxide into the atmosphere,” including “(i) electric generation facilities that are powered by nuclear, solar, wind, falling water, wave motion, tides, or geothermal power; (ii) a natural gas-fired generation facility with 80 percent carbon capture; or (iii) a coal-fired generation facility with 90 percent carbon capture.”

Tajikistan's economic activity has been strong in 2018-19.

U.S. Rig Count is up 15 rigs from last week to 796, Canada Rig Count is up 41 rigs from last week to 244

Brent were up 12 cents to $64.74, WTI were up 11 cents at $58.63 a barrel,

Iraq's oil production is steady at 4.46 million b/d in line with its OPEC+ quota and exports are averaging 3.45 million b/d, an oil ministry spokesperson said last week.

China Dec crude oil throughput up 13.6% y/y at 58.51 million tonnes