Woodside anticipates US$4.37 billion impairment in 1H20
Approximately 80% of the oil and gas properties impairment losses are due to the significant and immediate reduction in oil and natural gas prices assumed up to 2025.
Drilling & production - 14 July 2020
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Aker BP reports profit in 2Q20
Profit before taxes amounted to US$151 million, compared to a loss before taxes of US$414 million in 1Q20.
Weatherford lands project management contract with Iraqi Drilling Company
Weatherford will project manage the drilling and completion of 20 wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.