Offshore & subsea

The company has announced a 30% reduction in 2020 CAPEX to US$300 million.

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

The company has said it has sufficient liquidity to weather the challenges of low commodity prices and the Covid-19 pandemic.

Aker Energy was due to charter an FPSO for the deepwater Tano/Cape Three Points (DWT/CTP) project, offshore Ghana.

The scope of work covers maintenance and upgrades to maintain production levels for more than 200 offshore assets.

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 fully merged and migrated Tablelands and North Tablelands 3D datasets cover approximately 12 500 km2 in the eastern part of the Orphan Basin.

The APA is one of two equal licensing rounds on the Norwegian Continental Shelf. The scheme was introduced in 2003 to facilitate exploration in geologically well known parts of the Shelf.

The pre-FEED scope includes engineering tasks related to the configuration, sizing and preliminary analysis of the FPU, including topsides, hull, risers and mooring.

The company has said that it is still possible that the NJOM-3 well could be spudded before 15 September 2020, despite the force majeure.

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

The company has said it is working with joint venture partners towards reaching an FID for the Etinde field in late 2020.

The project in the Mexican sector of the Gulf of Mexico is scheduled to commence in 3Q20 and will take approximately 60 days.

Equinor has said the North Sea field is on course to reach plateau production for the first phase in early May, earlier than anticipated.

Teekay Corp. has entered into a new bareboat charter contract with Britoil Ltd, a subsidiary of BP, for the Petrojarl Foinaven FPSO unit for up to approximately 10 years.