Drilling & production

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.

The Wressle oil discovery in Lincolnshire, UK, is expected to flow at a constrained rate of 500 bpd gross.

The farm-out agreement with Georgina Energy is for the exploration permit 155 in the Amadeus Basin in Australia's Northern Territory.

Continental Resources reported a net loss of US$185.7 million, or US$0.51 per diluted share, for 1Q20.

Kosmos Energy generated a net loss of US$183 million, or US$0.45 per diluted share, in 1Q20.

Hess has reported a net loss of US$2433 million, or US$8.00 per common share, in 1Q20.