Maersk Drilling receives notice of contract termination from Shell and Aker BP
BG International, a subsidiary of Shell, and Aker BP have terminated contracts for the Maersk Developer and the Maersk Reacher respectively.
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BG International, a subsidiary of Shell, and Aker BP have terminated contracts for the Maersk Developer and the Maersk Reacher respectively.
The company has reported a US$7.4 billion loss as a result of the impact of the Covid-19 pandemic and low oil prices.
SKK Migas, the country's upstream oil and gas regulator, has cut this year’s production outlook for both crude oil and gas to 725 000 bpd and 5727 million ft3/d respectively.
Oil production in March was 4.4% lower than the NPD’s forecast, due to technical problems at some fields.
The measures include a reduction in output of 225 000 bpd.
The interests include a 9.57% stake in the Azeri-Chirag-Gunashli oilfield, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan pipeline that transports crude to the Mediterranean port of Ceyhan.
Zenith has entered into a new conditional Deed of Variation which now includes the acquisition of a 100% interest in AAOG Congo and related intracompany loans for a revised total consideration of £200 000.
The company is investing in Arrow Energy's Surat gas project in Queensland, Australia.
The company has also announced its intention to delist from the New York Stock Exchange.
The North Field East project will increase Qatar’s LNG production capacity from 77 million tpy to 110 million tpy.
The joint venture between the two companies was set up to develop licence blocks in Russia's Yamal peninsula.
The company has also said it has received notices of early termination of contracts from ExxonMobil.