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Valeura Energy has received notification from its joint venture partner Equinor indicating that it intends to discontinue participation in the deep gas appraisal programme in Turkey's Thrace Basin.
Norway may restrict oil firms’ access to offshore resources in the Arctic by moving the so-called ice edge, a line that sets a legal limit on the extent to which companies can go north in search of oil.
Alligin forms part of the Greater Schiehallion Area and has been developed as a two-well subsea tieback into the existing Schiehallion and Loyal subsea infrastructure and the Glen Lyon floating, production, storage, offload (FPSO) vessel.
The company has announced an increase in gross prospective resources to 5.14 billion boe in the Orinduik block offshore Guyana.
The Geoquip Marine survey vessel MV Investigator is at the proposed site for the NJOM-3 well, and is presently conducting the site survey.
The deal was cancelled because of sanctions imposed by the US government on PDVSA, Venezuela's state energy company.
The company has announced estimated 4Q19 earnings of US$5.7 billion.
Chevron Corp. has reported a loss of US$6.6 billion (US$3.51) per share - diluted) for 4Q19, compared with earnings of US$3.7 billion (US$1.95 per share - diluted) in 4Q18.
The company's budget for 2020 is US$1.27 billion, which represents a 30% increase on 2019 capital expenditure.
The two companies have completed a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore block in Argentina’s Neuquén province.
The contracts awarded include directional drilling, logging while drilling, surface data logging, drilling and completions fluids, cementing, liner hangers, coring and well completions services.
The platform supply vessel Normand Tortuga will support OMV Taranaki's upcoming Crestal infield drilling campaign at the Maui A Platform offshore New Zealand.