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.
Drilling & production
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.
The company has said it is working with joint venture partners towards reaching an FID for the Etinde field in late 2020.
Equinor has said the North Sea field is on course to reach plateau production for the first phase in early May, earlier than anticipated.
Whitebark Energy has terminated an agreement to acquire the residual 40% interest in the Wizard Lake oilfield in Canada.
First gas has been achieved from a new well in the Chiswick field in the Southern North Sea, while first oil has been achieved from a new well in the Chestnut field.
Africa Oil & Power (AOP) is working with Senegalese government partners to confirm a new date for the conference.
Incitec Pivot Ltd's 50/50 joint venture project with Central Petroleum concerning the coal seam gas acreage (ATP 2031) in Queensland’s Surat Basin has been temporarily paused.
In an operations update, the company said it remains focused on operating in a low oil price environment.
Planned 2020 CAPEX on the company's UK producing assets is expected to be below US$45 million, reduced from the original forecast of US$65 million.
The contract, which is to provide four annular injection mixers for a gathering and separation plant, was signed earlier last month.