This will be the third consecutive quarter in which Occidental takes a writedown, bringing the total to as much as US$12 billion in the last nine months, more than half of its market capitalisation.
The FPSO operating the well has the capacity to process up to 150 000 bpd and treat up to 6 million m3 of natural gas.
The three-year contract began on 1 May and will employ 144 Danos personnel in a variety of positions.
Zenith has ceased all oil production operations in Azerbaijan and all field production personnel, approximately 170 employees, have been transferred to a division of SOCAR.
TWI and DNV GL are aiming to address the significant challenge of corrosion in downhole tubing and casing applications in the oil and gas industry.
The platform enabled the customer to automate production monitoring, analysis, and optimisation asset-wide for 1700 electric submersible pump wells.
The agreement also establishes a framework where Proserv and Dril-Quip may pursue joint marketing and collaboration efforts, with Dril-Quip providing subsea trees and Proserv providing subsea controls.
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for wells 6607/12-4 and 6607/12-4 A .
The company's interest in the Biscathorpe project in Lincolnshire, UK, is now 30%.
Recent media reports have said that Senegal has been forced to delay its first oil and gas projects by up to two years because of the Covid-19 pandemic.
ERIELL reports on several records achieved in May at three of the company’s most complex projects.
Aberdeen-headquartered Exceed, the well management and performance improvement specialist, has announced the establishment of Exceed Norge.
The GNN discovery, which contains an estimated 260 million bbl of oil in place, is located in the Geisum and Tawila West concession.
High exploration and production costs in China are undoubtedly driving the companies to take preventive measures by slashing planned investments and cutting operational expenditures.
This process significantly reduces the impact on the environment, when compared to historic methods.