Upstream news
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.
Norco to maintain UK's Alcad batteries for North Sea oil and gas operators
Norco’s team of certified technicians will inspect, survey and maintain the UK’s fleet of Alcad nickel batteries, providing customers with technical support and advice.
SBM Offshore outlines response to Covid-19
The company has said its construction yards in China reopened in February and are now close to planned capacity.
Rystad Energy: third of available crude storage capacity in the US will already be filled in April
With additional oil coming, the largest production shut-ins in the country’s history are not far off, according to Rystad.