Halliburton to reduce 2020 spending
The company will significantly reduce spending this year below its original US$1.2 billion budget.
Drilling & production
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Schlumberger cuts spending by 30%
The oilfield services company is anticipating a rapid reduction in active drilling and hydraulic fracturing activity.
Tullow Oil terminates drillship contract with Maersk Drilling
The Maersk Venturer drillship has been working for Tullow offshore Ghana.
Equinor makes CAPEX cuts
US onshore drilling and completion activities are being halted by Equinor.
Zenith Energy and Anglo African Oil & Gas renegotiate Tilapia acquisition
Zenith Energy will now pay Anglo African Oil & Gas £800 000, rather than £1 million, for an 80% interest in Anglo African Oil & Gas Congo S.A.U, which operates the Tilapia oilfield.
Talos Energy makes further budget restrictions
The company has said it still continues to expect to generate positive free cash flow in 2020.
Frontera Energy reduces 2020 CAPEX by 60%
The company's revised average annual production in 2020 is expected to be in the range of 55 000 to 60 000 bpd.
Total to make cuts to spending in response to low oil prices
Total's CAPEX cuts in 2020 will amount to more than US$3 billion.
Santos cuts 2020 CAPEX by 38%
Santos has reduced its 2020 CAPEX by US$550 million.
Aker BP pauses non-sanctioned field development projects
The company is to reduce CAPEX and exploration spending by 20% each for 2020.
Yme project on course for first oil in second half of 2020
OKEA has said the Yme offshore project in the Norwegian North Sea, operated by Repsol, remains on schedule for first oil in 2H20.
Shell reduces CAPEX and operating costs
The measures taken include a reduction of CAPEX to US$20 billion or below for 2020, from a planned US$25 billion.
CNOOC set to load first cargo of crude from Liza field
CNOOC has a 25% stake in the Stabroek block as part of a consortium with operator ExxonMobil and Hess Corp.
GlobalData: Maka Central discovery needs at least 210 million boe recoverable resources to be economical
The discovery could bring over US$50 million in revenue per year to the Surinamese government, if it sees similar success to Guyana’s Stabroek, according to GlobalData.
Panoro Energy scales back operations in Gabon
The effects of Covid-19 are likely to affect the planned timing of the DTM-7H well and the subsequent firm exploration well, according to the company.