Schlumberger posts 2Q20 results
Schlumberger has reported its second straight quarterly loss after recording US$3.7 billion in impairment and restructuring charges.
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Schlumberger has reported its second straight quarterly loss after recording US$3.7 billion in impairment and restructuring charges.
A Rystad Energy analysis shows that new operations are now set to rise to above 400 wells in July, and recovery will be especially evident in the Permian Basin, where activity has nearly tripled.
Oil prices fell on Friday as the market is influenced by US-China relations and the continuous expansion of the pandemic.
ION will integrate and reimage approximately 24 000 km2 of MPME-held 3D data and can expand the scope to include 15 000 km of 2D data pending industry support.
Equinor has reported adjusted earnings of US$0.35 billion in 2Q20.
The pumping units will be deployed in critical and challenging mature fields in Golfo San Jorge Basin.
Despite an 18% drop in 2Q20 revenue, Santos has reported a record production of 20.6 million boe during the period, up from 18.6 million boe last year.
The maintenance work started on 23 June and ended 20 July, two days ahead of schedule.
Oil prices rose on Thursday as a weaker dollar helped oil purchases, but gains remained limited amid Covid-19 infection news and inventory build concerns.
Gjøa P1 is on track to achieve first oil two months ahead of the original plan.
Yannis Bassias, former President & CEO at Hellenic Hydrocarbon Resources Management (HHRM), talks about exploration in the Mediterranean, changes in the gas market, ultra-deepwater drilling, and explains why Greece “is not a declared gas province yet”.
Rystad analysis has suggested that oilfield service suppliers could diversify some oil and gas capabilities and replace up to 40% of 2019’s revenue by servicing the renewable markets.