The African Energy Chamber has said that Tullow Oil and Total's resolving of a long-standing capital gains tax dispute will make Uganda the biggest crude producer in East Africa.
BP and Hilcorp have successfully renegotiated the financial terms of the deal to respond to the current environment.
Maersk Drilling is to reduce its offshore crew pool as a result of tenders and projects being delayed or cancelled.
Hild is the sixth jack-up rig that Keppel has delivered to Borr Drilling.
Eni's adjusted operating profit for the quarter was €1.31 billion, down by €1 billion, or by 44%, compared to 1Q19.
Well 6507/8-10 S, 10 km east of the Heidrun field, will be permanently plugged and abandoned.
The company expects that the Sobhi well, onshore Nile Delta in Egypt, will be tied in during 2021.
Austin J. Wells, Arnco Technology, USA, explains how changing the way problems are considered is often how solutions are developed.
The company recorded a loss of €269 million in 1Q20 and withdrawn guidance for 2020.
Aker BP and PGNiG have started production from the second development stage (phase two) on the Ærfugl field in the Norwegian Sea.
Tullow has agreed to transfer its entire interests in Blocks 1, 1A, 2 and 3A in Uganda and the proposed East African crude oil pipeline (EACOP) system to Total Uganda for cash consideration of US$575 million.
The oilfield services company recorded a US$10 billion loss in 1Q20.
The Adorf Z15 gas well and the Ringe 6 oil well in northwestern Germany have been successfully drilled.
The companies interested in marketing the Guyanese government's share of the country's crude include ExxonMobil, Shell, Equinor, Total, Petrobras, Saudi Aramco, Lukoil and PetroChina.
The company is deferring its Australia infill drilling campaign into 2021.