Schlumberger releases 1Q20 results
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.
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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.
The SubseaIntel tool has been substantially upgraded to help streamline and improve subsea intelligence-gathering and is being re-launched this week.
The company has been granted patents for its diverless under water inspection in lieu of drydocking (UWILD) and valve inspection and repair technology in the UK and Australia.
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.
New licensed offshore acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, according to Rystad Energy.
The VX Hydraulic Fracturing Pump Fluid End has been designed for use with GD-2500Q hydraulic fracturing pumps and comparable 8 in. stroke quintuplex power ends from other manufacturers.
The company is investing in Arrow Energy's Surat gas project in Queensland, Australia.
The 4770 km2 Gambito 2020 3D survey will cover open acreage in deep and ultra-deep waters.