Upstream news
WFS signs new partnership with AeonX
AeonX (Nigeria) has signed a partnership agreement with WFS to promote and deliver the full range of Seatooth products for asset integrity and flow assurance monitoring to existing and new clients in Nigeria.
Express Engineering recognised for growth and product development
The Gateshead firm has won the Mid-Market Management award at the British Private Equity & Venture Capital Association’s (BVCA) Management Team Awards.
Ardyne awarded P&A and fishing contracts in the North Sea for 175 wells
The projects will commence in 2Q20 and 3Q20.
Paradigm Flow Services recognised for deluge wet testing on North Sea platform
PFS was asked to carry out work to wet test nine deluge systems on Chrysaor's Britannia platform.
Marathon Oil revises 2020 spending
The revised 2020 capital budget of US$1.3 billion or less includes the implementation of 2Q20 frac holidays in the Bakken and Eagle Ford.
Continental Resources revises 2020 capital budget
The company will be reducing its average rig count from 9 to approximately 3 in the Bakken and 10.5 to approximately 4 in Oklahoma.
Rystad Energy: offshore drillers face contract cancellations worth up to US$3 billion
Of the 100 listed energy service companies analysed by Rystad Energy across the various service segments for this research, more than two-thirds are unlikely to be able to meet their interest payment obligations on time this year.
CGG provides 1Q20 financial update
The company has also suspended its full year 2020 financial guidance.
Upland Resources and Baron Oil relinquish interests in UK offshore licence
The work commitment on Licence P2470 consisted of a small volume of 3D seismic reprocessing.
Shell extends Petrojarl Knarr FPSO contract with Altera Infrastructure
The contract has been extended until at least March 2022.