Petrobras books £9.2 billion impairment
Petrobras is revising all exploration and production projects as a result of its new oil pricing assumptions.
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Petrobras is revising all exploration and production projects as a result of its new oil pricing assumptions.
The company is targeting additional savings to those in April, and now expects to reduce overhead and project support costs by at least US$125 million in 2020 and by up to US$200 million in 2021.
21% of senior oil and gas industry professionals say their organisation is already actively entering the hydrogen market, according to a new report published by DNV GL.
The IEA has adjusted its global 2Q20 demand prediction upwards by 3.2 million bpd – still sharply down on last year by 19.9 million bpd.
The guidelines aim to help companies understand good practice in how to identify, rank, approve and carry out opportunities to optimise production.
Herman Artinian, Upwing Energy, USA, reviews the company's subsurface compressor system.
Sergey Rekin and Albert Agishev, TMK, Russia, profiles the company's range of threaded connections.
Petter Johan Dramstad, Siemens, Norway, looks into a wet mate connector system designed to enable subsea power distribution.
Nicholas Rouge and Steffan Lindsø, Oceaneering, discuss the company's development of ROV vehicles and systems.
Oil prices rose this morning as US onshore stock builds fell for the first time since January.
The new partnership with Downhole Products will focus on bringing Marwell's range of casing accessories to the Danish and Norwegian markets.
The company recently engineered a pair of ROV-deployable magnetic mounts to allow the loggers to be mounted directly onto subsea cross braces on a platform at two separate depths.