Drilling & production

Tendeka will provide its inflow control technology to help increase production from Malaysian assets of an independent operator.

The increase in production in 1Q20 was driven by strong production levels at the South Disouq onshore gas area in Egypt.

Wintershall has reduced its 2020 CAPEX by 30% to €1-1.2 billion.

The contract is for work on the onshore Mahani gas and condensate field in Sharjah, United Arab Emirates.

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.