Maersk Drilling reports fall in revenue in 1Q20
The company recorded a revenue of US$279 million in 1Q20, compared to US$305 million in 4Q19.
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The company recorded a revenue of US$279 million in 1Q20, compared to US$305 million in 4Q19.
Well 6506/11-12 S. will be drilled about 4 kilometres west of the Morvin field.
Ashtead will provide subsea survey and ROV equipment to Reliance for use on offshore drilling, field development, IRM and decommissioning projects.
The relinquishment process of the SK331 block, located onshore Sarawak, East Malaysia, is expected to be fully completed before the end of the year.
US monthly output is not likely to exceed 11.7 million bpd before 2022, according to Rystad Energy estimates.
Global investment is expected to plummet by 20%, or almost US$400 billion, compared with last year, according to the IEA’s World Energy Investment 2020 report.
Although at a stable overall level, oil prices fell this morning on concerns over the coming production recovery and if it will again move supply to higher levels than demand justifies.
Lukoil has completed installation of a jacket for an accommodation platform topside at the V.I. Grayfer field.
Hurricane Energy has been given further time by the Oil and Gas Authority to carry out work in the Lincoln subarea of Licence P1368 in the UK North Sea.
The company's EBITDAX was US$322.9 in 1Q20, compared to US$451 million in 4Q19.
Petrofac will provide well operator, well engineering and project management services to decommission four wells within the Rubie and Renee fields, 200 km north east of Aberdeen.
The AM20 survey covers the latest APA19 awards in the Norwegian Sea.