Drilling & production

The company's Ruche project has also been deferred until efficient project execution can be assured.

Once the idle period is complete, the rig will be mobilised to South Africa by Total to commence its charter as planned.

Neptune will pay a US$5 million termination fee to Energean Oil and Gas.

Following the implementing of production restriction measures on the Norwegian continental shelf, the company’s updated company's production guidance for the full year 2020 will be targeting 157 000 boe/d.

Occidental has informed Total that, as part of an understanding with the Algerian authorities on the transfer of Anadarko’s interests to Occidental, Occidental would not be in a position to sell its interests in Algeria.

The successful companies have not been named.

Petrobras is revising all exploration and production projects as a result of its new oil pricing assumptions.

The company is targeting additional savings to those in April, and now expects to reduce overhead and project support costs by at least US$125 million in 2020 and by up to US$200 million in 2021.

The new partnership with Downhole Products will focus on bringing Marwell's range of casing accessories to the Danish and Norwegian markets.

Ecopetrol’s CAPEX for the year now sits in a range between US$2.5 billion and US$3 billion.

Premier Oil has said first gas from its Tolmount project is now expected in 2Q21.

The Japanese company has cuts its annual net profit forecast by 93%.

The operation was conducted from an integrated subsea template structure at the Fenja field in the Norwegian North Sea.

The agreement enables Wellpro Group to enhance its existing well intervention portfolio.

The drilling programme for well 7321/8-2 S relates to the drilling of a wildcat well in production licence 719.