Maersk Drilling reports fall in revenue in 1Q20
The company recorded a revenue of US$279 million in 1Q20, compared to US$305 million in 4Q19.
Drilling & production - 27 May 2020
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OMV granted drilling permit in Norwegian North Sea
Well 6506/11-12 S. will be drilled about 4 kilometres west of the Morvin field.
Petrogas relinquishes interest in Malaysia onshore block
The relinquishment process of the SK331 block, located onshore Sarawak, East Malaysia, is expected to be fully completed before the end of the year.
US oil output will not recover pre-Covid-19 levels until 2022, says Rystad Energy
US monthly output is not likely to exceed 11.7 million bpd before 2022, according to Rystad Energy estimates.
Neptune Energy announces 1Q20 results
The company's EBITDAX was US$322.9 in 1Q20, compared to US$451 million in 4Q19.