ExxonMobil to report loss in 2Q20
ExxonMobil faces a loss for the quarter of US$2.3 billion.
Drilling & production
Gazprom Neft, Lukoil and Tatneft establish JV
The partners will be sharing operational and technological competencies for developing hard-to-recover oil reserves in the Orenburg Oblast region of Russia.
Deepsea Stavanger starts mobilisation to Total South Africa campaign
The semi-submersible rig is due to spud the Luiperd-1 well offshore South Africa by September this year.
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ERIELL’s accreditation for WellSharp and RigPass programmes is confirmed by IADC
The audit conducted a thorough analysis of the curriculum, testing and training methods, environment and equipment of classrooms, as well as administrative and quality control of the procedures, and assessed the qualifications, experience, competence and skills of instructors.
Eni and Sonatrach sign MoU for further upstream collaboration
The two companies have confirmed their willingness to continue the acceleration of the Berkine Nord gas project, which entered into production last February.
Eni contracts Vantage Drilling jack-up rig
The Topaz Driller has been contracted to perform drilling services offshore Montenegro for 180 days.
ConocoPhillips announces estimated 2Q20 production curtailments
Excluding Libya, and adjusting for closed dispositions and curtailments, production in 2Q20 is expected to be in line with the same period a year ago and approximately 5% below 1Q20.
Shell's revised 2Q20 outlook warns of impairments of up to US$22 billion
The impairment charges anticipated are based upon the company expecting the price of Brent to be average approximately US$35/bbl in 2020 and the Henry Hub gas spot price US$1.75/MMBtu.
Neptune Energy announces major milestone for Touat gas facility
Neptune Energy have announced a major milestone for the Touat gas facility in Algeria, with operatorship having been formally passed to Groupement Touat Gaz (GTG).
More Drilling & production news
Energean to acquire Edison E&P for revised total
The reduction is a result of an agreement to exclude Edison's Norwegian assets from the transaction.
NPD predicts half of Norwegian petroleum production will be powered from shore by mid-2020s
Running 16 fields on the Norwegian continental shelf with power from shore will mean that total CO2 emissions will be about 3.2 million t lower per year than they otherwise would have been.
Jadestone Energy acquires 90% interest in Lemang PSC
The Lemang PSC is located onshore Sumatra, Indonesia, and includes the Akatara gas field.
Construction of ice-resistant platform for Gazprom gas field begins
The platform is being constructed in the Kamennomysskoye-Sea gas field, located in the Ob Bay of the Kara Sea.
Equatorial Guinea adopts new petroleum regulation
The regulation covers matters such as the extension of the productive life of mature fields and the exploration of marginal and onshore fields along with investments in deep and ultra deepwater acreages.
Occidental to write down value of upstream assets by US$9 billion
This will be the third consecutive quarter in which Occidental takes a writedown, bringing the total to as much as US$12 billion in the last nine months, more than half of its market capitalisation.