Oil & gas news
Equatorial Guinea waives fees for oil and gas service companies
The ongoing coronavirus pandemic and low oil price has brought considerable instability to African oil producers in the Gulf of Guinea.
Oil and gas digital platform secures further investment
Proteus is a cloud-based work management system that allows companies to find the right people for projects as and when they are needed.
Iqarus develops Covid-19 service
The service is designed to safely manage suspected cases of coronavirus following their disembarkation from an offshore location.
Head Energy awarded well hook-up contract
Engineering for the two well hook-ups at the Brage platform will start immediately.
Rystad Energy: oil price war and Covid-19 could derail two-thirds of project sanctioning in 2020
According to an impact analysis from Rystad Energy, E&P companies are likely to reduce project sanctioning by up to US$131 billion, or about 68% y/y.
Aker Solutions secures umbilicals order from Chevron
The contract includes work for the Anchor project in the US Gulf of Mexico.
TGS completes processing of Erlend Wild West seismic project
Erlend Wild West is a 3900 km2 survey consisting of 1900 km2 of data acquired from the west of Shetland region, offshore the UK.
Talos Energy makes further budget restrictions
The company has said it still continues to expect to generate positive free cash flow in 2020.
Frontera Energy reduces 2020 CAPEX by 60%
The company's revised average annual production in 2020 is expected to be in the range of 55 000 to 60 000 bpd.
Total to make cuts to spending in response to low oil prices
Total's CAPEX cuts in 2020 will amount to more than US$3 billion.