Drilling & production

First oil at the Wressle oilfield development in North Lincolnshire, UK, is expected during 2H20.

Included in the current quarter were impairments and other net charges of US$1.8 billion primarily associated with downward revisions to the company's commodity price outlook, severance accruals of US$780 million, and a gain of US$310 million on the sale of Azerbaijan assets.

Exxon has said it is undertaking a comprehensive evaluation across the businesses on a country-by-country basis.

The company is investing US$1 million in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy.

The drilling programme for well 6407/1-8 S & A relates to the drilling of wildcat wells in production licence 263 D.

The order from Spirit Energy includes Plexus’ POS-GRIP 5000 psi leak proof “HG” metal to metal sealing surface production wellhead and associated spares and equipment for a new gas well in the UK North Sea.

The company reported a net loss of US$93 million for 2Q20.

A period of ESP testing has seen production increase from c.15 000 bpd to c.17 000 bpd.

Schlumberger has reported its second straight quarterly loss after recording US$3.7 billion in impairment and restructuring charges.

Equinor has reported adjusted earnings of US$0.35 billion in 2Q20.

The pumping units will be deployed in critical and challenging mature fields in Golfo San Jorge Basin.

Despite an 18% drop in 2Q20 revenue, Santos has reported a record production of 20.6 million boe during the period, up from 18.6 million boe last year.

The maintenance work started on 23 June and ended 20 July, two days ahead of schedule.

Yannis Bassias, former President & CEO at Hellenic Hydrocarbon Resources Management (HHRM), talks about exploration in the Mediterranean, changes in the gas market, ultra-deepwater drilling, and explains why Greece “is not a declared gas province yet”.

The GD 250HDD pump expands Gardner Denver’s pump offerings into the wider horizontal directional drilling space for the first time.