ONGC awards 49 marginal oil and gas fields to 7 companies
The successful companies have not been named.
Drilling & production - 15 May 2020
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Petrobras books £9.2 billion impairment
Petrobras is revising all exploration and production projects as a result of its new oil pricing assumptions.
Petrofac anticipates 2020 tenders being delayed until 2021
The company is targeting additional savings to those in April, and now expects to reduce overhead and project support costs by at least US$125 million in 2020 and by up to US$200 million in 2021.