Oil & gas news
Chesapeake Energy releases 3Q19 financial and operational results
The company has reduced its 2020 CAPEX forecast by approximately 30%.
Nouryon introduces range of more sustainable demulsifiers
The Witbreak NEO range is inherently biodegradable in seawater.
Devon Energy reports 3Q19 results
The company's operating cash flow totalled US$597 million, a 22% increase compared to the second quarter. Third-quarter oil production increased 19% year-over-year, exceeding guidance.
Halliburton becomes anchor member of the Advanced Remanufacturing and Technology Center
This will allow Halliburton to collaborate across industries with research and development projects that will advance next-generation technologies
MOL to purchase stake in Azeri-Chirag-Gunashli oilfield
The company has acquired a 9.57% stake in the supergiant Azeri-Chirag-Gunashli oilfield.
Wood Mackenzie comments on Nigeria's raising of deepwater royalties
The change applies to all deepwater production sharing contracts, regardless of vintage.
Sparrows Group expands UAE operations following contract awards
Sparrows Group has doubled the size of its operations in the United Arab Emirates after securing contracts worth in excess of £55 million in the past three months.
Paradigm Group expands in Middle East and Mexico
The company has expanded its teams in the Middle East and Mexico.
Drilling of Tambak-1 well begins
The Tambak-1 well is located approximately 4.5 km north of the Mako South-1 location and is designed to both appraise the extent of the Mako gas field as well to test the underlying Tambak prospect.
WoodMac comment: Chevron confirms Tengizchevroil costs overrun
Ashley Sherman, principal analyst, Caspian upstream reflects on Chevron's confirmed cost increases and delays.