Oil & gas news

The contract scope includes EPCI for pipelines, umbilicals and tie-ins.

Excluding Libya, and adjusting for closed dispositions and curtailments, production in 2Q20 is expected to be in line with the same period a year ago and approximately 5% below 1Q20.

Rystad Energy estimates Iraq’s actual ability to cut more barrels is limited to between 300 000 and 500 000 bpd.

Oil prices declined this morning as traders continue to keep them in manageable levels, on anticipation of more bullish news and with a wary eye on how Covid-19 evolves.

The new joint data library will comprise nearly 1 million line km of complementary data.

The Performance Live service provides customers with instant access to data and collaboration with domain experts, enabling faster, more informed decision making for directional drilling, well logging, formation testing and other oil and gas operations.

The semi-submersible rig Mærsk Developer will used for a one-well exploration campaign in Block 52 offshore Suriname.

The company will use an ROV to identify the presence of any flooding in multiple vertical, horizontal and angled platform members.

The impairment charges anticipated are based upon the company expecting the price of Brent to be average approximately US$35/bbl in 2020 and the Henry Hub gas spot price US$1.75/MMBtu.

The Taggart discovery is located on Mississippi Canyon Block 816 in approximately 5650 ft of water.