Drilling & production

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.

Revenue from Baker Hughes’ oilfield services business, which accounts for about half of total sales, tumbled 26% to US$2.41 billion in 2Q20.

Saipem and Vår Energi have reached an agreement for the execution of 4 wells to be drilled in the Barents Sea and in the North Sea.

The agreement covers Aker BP’s Norwegian operations and includes Claxton’s range of drilling support services and asset life extension and decommissioning equipment and services.

The impairment is expected to be recognised in the company's 2020 half-year results to be released on 20 August 2020.

Recent oil price improvements have provided a solid platform for the company to perform well in 3Q20 and further into the year, according to Vitaly Dokunikhin, CEO of ERIELL Russia.

Halliburton has announced a net loss of US$1.7 billion for 2Q20, compared to a net loss for 1Q20 of US$1 billion.

The acquisition of Noble Energy provides Chevron with offshore assets in Israel and enhances Chevron’s US unconventional position with acreage in the DJ Basin and 92 000 largely contiguous and adjacent acres in the Permian Basin.

Oman's Ministry of Oil and Gas has approved the field development plan for the Yumna field and awarded Declaration of Commerciality (DOC).

The Luda 21-2/16-3 regional development is expected to reach its peak production of approximately 25 600 bpd in 2022.