Drilling & production

At 4265 ft (1300 m), the first well that has been opened for early first gas is the deepest water depth opened by ONGC.

BP has cut its 2020 spending plans by 25% and will reduce output from its US shale oil and gas business.

Applied Petroleum Technology will provide geochemical analyses including consultancy services to deliver interpretation of drilling samples and other reservoir data.

The company's 2019 projects were mainly concentrated in Russia and Uzbekistan.

Silver Eagle says the self-propelled design is capable of working at greater water depths and in harsh environments.

Key has made an application a 12-month Suspension and Extension for Permit Year 3 in which the Wye Knot-1 well was to be drilled.

Mitquq 1 ST1 flowed at a stabilised rate of 1730 bpd from a single stimulated zone, while the Stirrup 1 exploration well flowed at a stabilised rate of 3520 bpd from a single stimulated zone.

Neptune anticipates 2020 to see produced volumes increase, reflecting production from the Cygnus field and an additional 3000 boe/d from assets set to be acquired from Energean Oil & Gas.

The LOI has been signed with an Arab consortium of strategic institutional investors focused on African development opportunities.

Southeast Asia’s rig market, which was poised for growth in 2020, is now set for decline, according to analysis by Rystad Energy.

Shell has said that post-tax impairment charges in the range of US$400-800 million are expected for 1Q20.

The US$300 million of incremental capital reductions will be driven by the deferral of activity in the Eagle Ford, improved capital efficiencies in the Delaware Basin and lower service-cost pricing.

Global CAPEX for exploration and production firms (E&Ps) is expected to drop by up to US$100 billion this year, according to Rystad Energy.

The deal will see Tendeka supply sand-face completion equipment to a number of Mubadala Petroleum's fields in the Gulf of Thailand.

Churchill Drilling Tools and US based expandable tubular well specialist Mohawk Energy have joined with Coretrax under its new brand, with a unified offering designed to improve production performance and well intervention efficiencies.