Drilling & production

Total recorded net adjusted 4Q19 profits of US$3.2 billion despite low oil prices.

Grupo R is to lease the La Muralla IV platform for Shell to operate in the deepwaters of the Gulf of Mexico.

The LOI envisages that New Age would supply a minimum of 25 million ft3/d of gas to Gaz du Cameroun S.A. (GDC), Victoria's wholly-owned subsidiary, for the first three years, followed by a minimum of 30 million ft3/d, with the potential to increase in the future.

Indian Oil Corp. will import 2 million t of Ural grade crude oil during 2020.

In the first part of this two-part article, Andrew Morris, Gareth Innes, Adrian Clark and Pierre-Marie Hinden, TWMA, and Laurie Phillips, AGR Well Management, explore an alternative method for to collect, contain and transfer waste generated from offshore drilling operations.

PGNiG Upstream Norway AS (PGNiG) has appointed Applied Petroleum Technology to conduct post-drilling analyses of its recent Shrek discovery in the Norwegian Sea.

Equinor has said the target is expected to be met primarily through significant growth in renewables and changes in the scale and composition of the oil and gas portfolio.

Valeura Energy has received notification from its joint venture partner Equinor indicating that it intends to discontinue participation in the deep gas appraisal programme in Turkey's Thrace Basin.

Norway may restrict oil firms’ access to offshore resources in the Arctic by moving the so-called ice edge, a line that sets a legal limit on the extent to which companies can go north in search of oil.

Alligin forms part of the Greater Schiehallion Area and has been developed as a two-well subsea tieback into the existing Schiehallion and Loyal subsea infrastructure and the Glen Lyon floating, production, storage, offload (FPSO) vessel.

The company has announced an increase in gross prospective resources to 5.14 billion boe in the Orinduik block offshore Guyana.

The Geoquip Marine survey vessel MV Investigator is at the proposed site for the NJOM-3 well, and is presently conducting the site survey.

The deal was cancelled because of sanctions imposed by the US government on PDVSA, Venezuela's state energy company.

The company has announced estimated 4Q19 earnings of US$5.7 billion.

Chevron Corp. has reported a loss of US$6.6 billion (US$3.51) per share - diluted) for 4Q19, compared with earnings of US$3.7 billion (US$1.95 per share - diluted) in 4Q18.