Saipem announces 1Q20 results
The company recorded a loss of €269 million in 1Q20 and withdrawn guidance for 2020.
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The company recorded a loss of €269 million in 1Q20 and withdrawn guidance for 2020.
Aker BP and PGNiG have started production from the second development stage (phase two) on the Ærfugl field in the Norwegian Sea.
Tullow has agreed to transfer its entire interests in Blocks 1, 1A, 2 and 3A in Uganda and the proposed East African crude oil pipeline (EACOP) system to Total Uganda for cash consideration of US$575 million.
The oilfield services company recorded a US$10 billion loss in 1Q20.
Fugro will deliver integrated marine-based services onboard the Well-Safe Guardian, Well-Safe Solutions’ semi-submersible unit for executing subsea well decommissioning work.
The Adorf Z15 gas well and the Ringe 6 oil well in northwestern Germany have been successfully drilled.
The companies interested in marketing the Guyanese government's share of the country's crude include ExxonMobil, Shell, Equinor, Total, Petrobras, Saudi Aramco, Lukoil and PetroChina.
The company is deferring its Australia infill drilling campaign into 2021.
Rystad Energy has issued its daily market comment on oil prices.
The company's VeroTM automated connection integrity has successfully completed 100 runs and 33 000 tubular connections in operations worldwide since its market debut.
The US is seeing an immediate and severe drop in OCTG tonnage requirements, as operators have slashed their drilling programmes by in some cases up to 50%.
The discovery in the onshore Central Sumatra Basin amounts to 61.8 million bbl, according to Cue Energy Resources, which a 12.5% interest.