Drilling & production

The MoU covers cooperation opportunities in E&P, LNG, downstream and infrastructure, and circular economy and low-carbon energy projects.

The Qinhuangdao 33-1S oilfield phase I project is expected to reach its peak production of approximately 6000 bpd of crude oil in 2021.

The company drilled a total of 80 wells, down from the approximately 110 wells originally planned due to continued production outperformance.

The project will be implemented in the Bir Seba and Mouiat Outlad Messaoud oilfields for Groupement Bir Seba.

An armed group has shut production at the Libyan oilfield just days after it had resumed, according to the country's National Oil Corp.

The engineering study project award will see Penspen support with drilling platform diesel fuel tank modification for the multi-field integrated natural gas development.

The company is to increase its interest in the Wressle development in Lincolnshire, UK, to 40%.

Production has resumed at the Sharara and El Feel oilfields in the southwest of the country.

Borr Drilling will now delay delivery of five newbuild jack-up rigs until mid-2022.

Lukoil has cut its CAPEX guidance for this year to 450 – 500 billion roubles from 550 billion roubles (US$8 billion).

KrisEnergy has attributed the suspension to the economic uncertainty generated by the Covid-19 pandemic and the current state of oil prices.

El Salmiyah-5 was spudded on 3 February 2020, and reached total depth of 4400 m MD on 17 April 2020.

Simmons Edeco supplied drilling and completion services for Newpek on a recently acquired concession in the Trevino oilfield, in the Burgos Basin in the state of Tamaulipas in northeastern Mexico.

Oil prices rose this morning on anticipation for the coming OPEC+ meeting, which is rumoured to discuss maintaining high-level production cuts after June, Rystad Energy reports.

Seadrill has said it will delist from the New York Stock Exchange and maintain a single listing on the Oslo Stock Exchange.