Chevron makes cuts to capital budget
Chevron has cut billions off its long-term capital and exploratory budget after a major restructuring of its operations.
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Chevron has cut billions off its long-term capital and exploratory budget after a major restructuring of its operations.
The thru tubing, inflatable packer and well intervention service portfolio provider has signed a long-term agreement with Saudi Arabian energy services company i-Energy.
ExxonMobil has said it will write down the value of natural gas properties by US$17 billion to US$20 billion.
If output increases as planned from January, the world will have to face a new 200 million bbl surplus through May, Rystad Energy calculates.
Petrobras has cut its five-year investment plan by 27% from a year ago to US$55 billion.
To date, the storage tanks and inspection gantry have been installed at the Wressle oilfield in North Lincolnshire, UK, while work is advanced in respect of the electrical and control system installation.
Genel Energy has announced first oil production from the Sarta field in Iraqi Kurdistan.
Santos will now embark on a 12-18 month appraisal programme ahead of a final investment decision.
The contract covers the Ula and Valhall installations in the Norwegian sector of the North Sea.
Penspen will undertake well tie-in work at the Haliba oilfield in the UAE as well as peripheral prospects.
The Syncrude joint venture has agreed in principle that Suncor will become the operator of the Syncrude oil sands project in Alberta, Canada, by the end of 2021.
The Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500 000 bpd by the end of the year.