Drilling & production

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.

Ole Martin Grimsrud has given notice that he will leave the company on 1 September 2020.

After all the precedent conditions were met, the transaction was concluded with the payment of R$676.8 million to Petrobras.

33 rigs were placed at their respective monsoon locations before the onset of the seasonal adverse weather conditions.

Total now faces a revenue shortfall of at least US$12 billion (£9.76 billion) due to the crash in oil prices.

Norway's Petroleum Safety Authority has given Neptune Energy consent to use the facility for production drilling for a period of 240 days.