Rystad Energy: rig utilisation could fall by 18% in Southeast Asia in 2020
Southeast Asia’s rig market, which was poised for growth in 2020, is now set for decline, according to analysis by Rystad Energy.
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Southeast Asia’s rig market, which was poised for growth in 2020, is now set for decline, according to analysis by Rystad Energy.
Shell has said that post-tax impairment charges in the range of US$400-800 million are expected for 1Q20.
The US$300 million of incremental capital reductions will be driven by the deferral of activity in the Eagle Ford, improved capital efficiencies in the Delaware Basin and lower service-cost pricing.
Global CAPEX for exploration and production firms (E&Ps) is expected to drop by up to US$100 billion this year, according to Rystad Energy.
The deal will see Tendeka supply sand-face completion equipment to a number of Mubadala Petroleum's fields in the Gulf of Thailand.
Churchill Drilling Tools and US based expandable tubular well specialist Mohawk Energy have joined with Coretrax under its new brand, with a unified offering designed to improve production performance and well intervention efficiencies.
The company has said it is working with joint venture partners towards reaching an FID for the Etinde field in late 2020.
Equinor has said the North Sea field is on course to reach plateau production for the first phase in early May, earlier than anticipated.
Whitebark Energy has terminated an agreement to acquire the residual 40% interest in the Wizard Lake oilfield in Canada.
The company has terminated its operations in Venezuela.
First gas has been achieved from a new well in the Chiswick field in the Southern North Sea, while first oil has been achieved from a new well in the Chestnut field.
The company is in discussions with Total regarding the notice.