Oil & gas news
Inpex announces 1Q20 results
The Japanese company has cuts its annual net profit forecast by 93%.
Neptune Energy carries out "world's first" dual drilling subsea operation
The operation was conducted from an integrated subsea template structure at the Fenja field in the Norwegian North Sea.
Rosgeo to carry out seismic exploration in Equatorial Guinea
Rosgeo and the Ministry of Mines and Hydrocarbons of Equatorial Guinea have signed two services contracts for the initial phase of seismic acquisition in the Rio Muni area.
Wellpro Group announces agreement with Inflatable Packers International
The agreement enables Wellpro Group to enhance its existing well intervention portfolio.
Spirit Energy given drilling permit by NPD
The drilling programme for well 7321/8-2 S relates to the drilling of a wildcat well in production licence 719.
TGS releases 1Q20 results
TGS has reported EBITDA of US$125 million in 1Q20, 1% above 1Q19.
EMGS reports 1Q20 results
Electromagnetic Geoservices' adjusted EBITDA for 1Q20 was negative US$0.8 million, up from negative US$1.2 million in 1Q19.
Union Jack Oil expects first oil from Wressle in 2H20
The Wressle oil discovery in Lincolnshire, UK, is expected to flow at a constrained rate of 500 bpd gross.
Rystad Energy: Covid-19 causes largest-ever horizontal rig count fall in US
The total horizontal oil rig count fell below 270 rigs last week, a 57% decline from the peak of 624 rigs seen in the middle of March 2020.
Oil rises on promise of more production cuts
Oil prices rose this morning as Saudi Arabia’s move, accompanied by Kuwait and the UAE, to expand production cuts boosted the market’s confidence.