Upstream drilling news
Maersk Drilling receives notice of contract termination from Shell and Aker BP
BG International, a subsidiary of Shell, and Aker BP have terminated contracts for the Maersk Developer and the Maersk Reacher respectively.
Norway's oil output down in March
Oil production in March was 4.4% lower than the NPD’s forecast, due to technical problems at some fields.
ConocoPhillips cuts production and spending
The measures include a reduction in output of 225 000 bpd.
Qatar Petroleum begins development drilling at North Field East project
The North Field East project will increase Qatar’s LNG production capacity from 77 million tpy to 110 million tpy.
Borr Drilling receives LOAs for two jack-ups
The company has also said it has received notices of early termination of contracts from ExxonMobil.
Geolog to acquire Nabors' US mudlogging assets
Geolog has been present in the US market since 2014.
Rystad Energy: offshore drillers face contract cancellations worth up to US$3 billion
Of the 100 listed energy service companies analysed by Rystad Energy across the various service segments for this research, more than two-thirds are unlikely to be able to meet their interest payment obligations on time this year.
SDX Energy makes onshore discovery in Egypt
Drilling at the Sobhi well encountered 108 ft net of high-quality gas-bearing sands, with an average porosity of 20%, near the base of the Kafr El Sheikh formation.
Shelf Drilling announces early contract termination
The company's contract with Dubai Petroleum will end in October 2020 rather than January 2022.
IDS announces rebrand
The new brand will run across all aspects of IDS' business.