Oil & gas news
Rystad Energy comments on effect of OPEC+ deal on oil prices
The world's leading oil producers reached a deal over the weekend to cut global output by approximately 10%.
SpotLight receives investment for seismic monitoring technology
SpotLight has received investment from Phaze Ventures, an Oman-based venture capital firm.
ExxonMobil field testing methane detection technologies
Field trials of eight emerging methane detection technologies, including satellite and aerial surveillance monitoring, are being conducted at nearly 1000 sites in Texas and New Mexico, US.
Borr Drilling receives LOAs for two jack-ups
The company has also said it has received notices of early termination of contracts from ExxonMobil.
Lukoil continuing development of North Caspian fields
The company has launched the jacket of the living quarters platform for the Valery Grayfer field.
Chevron awards Subsea 7 Anchor field contract
Subsea 7 will provide subsea installation services at the Anchor field in the Green Canyon area of the Gulf of Mexico.
Geolog to acquire Nabors' US mudlogging assets
Geolog has been present in the US market since 2014.
Canada most affected by shut-ins so far, according to Rystad Energy
A Rystad Energy analysis shows that Canada is the oil producer most affected so far by the slump in global oil demand, with the damage estimated to reach above 1.1 million bpd in shut-in production in 2Q20.
IHS Markit predicts 36% spending cut for North American E&P Companies in 2020
The predicted spending reductions translate to a US$24.4 billion cut in 2020 compared to last year.
ERIELL takes measures to prevent the spread of Covid-19
Currently, all office employees of the company are now working remotely, with 70% in their third week.