Skip to main content

Drilling & production - 17 April 2020

Schlumberger releases 1Q20 results

The company has reported a US$7.4 billion loss as a result of the impact of the Covid-19 pandemic and low oil prices.


Norway's oil output down in March

Oil production in March was 4.4% lower than the NPD’s forecast, due to technical problems at some fields.


MOL completes purchase of Chevron assets in Azerbaijan

The interests include a 9.57% stake in the Azeri-Chirag-Gunashli oilfield, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan pipeline that transports crude to the Mediterranean port of Ceyhan.


Zenith Energy renegotiates acquisition of Tilapia field

Zenith has entered into a new conditional Deed of Variation which now includes the acquisition of a 100% interest in AAOG Congo and related intracompany loans for a revised total consideration of £200 000.