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Drilling & production

Petrobras cuts spending

The company will reduce planned investments for 2020 from US$12 billion to US$8.5 billion.


Eni revises 2020 – 2021 business plan

Eni will reduce CAPEX in 2020 by around €2 billion, equal to 25% of the total CAPEX planned, and OPEX by around €400 million.


Beetaloo shale project halted

Origin Energy has temporarily paused shale exploration drilling activities at its Kyalla well site in Australia's Northern Territory in response to the Covid-19 pandemic.


CNOOC reports 2019 results

The company's total net oil and gas production in 2019 amounted to 506.5 million boe, exceeding 500 million boe for the first time.


Schlumberger cuts spending by 30%

The oilfield services company is anticipating a rapid reduction in active drilling and hydraulic fracturing activity.


Equinor makes CAPEX cuts

US onshore drilling and completion activities are being halted by Equinor.