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Drilling & production - 25 March 2020

CNOOC reports 2019 results

The company's total net oil and gas production in 2019 amounted to 506.5 million boe, exceeding 500 million boe for the first time.


Schlumberger cuts spending by 30%

The oilfield services company is anticipating a rapid reduction in active drilling and hydraulic fracturing activity.


Equinor makes CAPEX cuts

US onshore drilling and completion activities are being halted by Equinor.