ConocoPhillips reports 1Q20 results
ConocoPhillips has reported a 1Q20 loss of US$1.7 billion, compared with 1Q19 earnings of US$1.8 billion.
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ConocoPhillips has reported a 1Q20 loss of US$1.7 billion, compared with 1Q19 earnings of US$1.8 billion.
The hybrid jack-up rig Maersk Intrepid will drill three wells and plug one in the Martin Linge field offshore Norway.
Rockhopper Exploration has said that it, Premier Oil and Navitas Petroleum remain committed to the finalisation of the farm-in agreement.
Louise Bancroft, Group HR Director at Airswift, has commented on the UK's furlough scheme, focusing on the oil and gas sector, and how companies should best prepare for the upturn.
The integrated truck and crane is designed to haul, lift and set large tanks and oilfield equipment.
Ascent Resources is currently the only London-listed company to venture into the Cuban oil and gas market.
The survey has gathered over 6100 km2 of seismic data from the Papuan Basin.
Norway has announced cuts to oil production between June and December this year.
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has said that Norway's decision to cut production could be a good example for other producers outside OPEC+.
The two wells drilled and completed in Block B-80 are expected to have an average production of 8000 bpd.
The IEA's Global Energy Review projects that energy demand will fall 6% in 2020 – seven times the decline after the 2008 global financial crisis.
A Rystad Energy analysis shows that global E&P revenues are now forecasted to fall by about US$1 trillion in 2020, a drop of 40% to US$1.47 trillion from last year’s US$2.47 trillion.