Upstream drilling news
Halliburton to reduce 2020 spending
The company will significantly reduce spending this year below its original US$1.2 billion budget.
Schlumberger cuts spending by 30%
The oilfield services company is anticipating a rapid reduction in active drilling and hydraulic fracturing activity.
Tullow Oil terminates drillship contract with Maersk Drilling
The Maersk Venturer drillship has been working for Tullow offshore Ghana.
Equinor makes CAPEX cuts
US onshore drilling and completion activities are being halted by Equinor.
EnQuest to halt production at two North Sea fields
The two affected sites are the Heather and Thistle/Deveron fields.
Dolphin Drilling to carry out North Sea campaign for i3 Energy
i3 Energy will utilise either the Borgland Dolphin or Blackford Dolphin semi-submersible drilling rig for a minimum 82-day programme.
Hess downsizes 2020 capital and exploratory budget
The reductions to the company’s 2020 capital budget will be primarily achieved by shifting from a six rig programme to one rig in the Bakken, which is expected to be completed by the end of May.
Gulf Keystone Petroleum suspends drilling activities at well in Iraqi Kurdistan
Drilling activities at the SH-13 well have been suspended due to Covid-19.
Equinor granted drilling permit for North Sea well
Well 35/10-5 will be drilled from the West Hercules drilling facility.
US drilled but uncompleted wells first to feel oil price shock, says Rystad Energy
A Rystad Energy impact analysis shows that US drilled but uncompleted wells will be the first assets to be threatened by the newly formed low price environment, as their breakeven costs are now only dollars away from market prices.