Upstream news
Subsea 7 withdraws 2020 guidance
The company has said it has sufficient liquidity to weather the challenges of low commodity prices and the Covid-19 pandemic.
BP announces cuts to spending
BP has cut its 2020 spending plans by 25% and will reduce output from its US shale oil and gas business.
Wintershall Dea awards Applied Petroleum Technology global frame agreement
Applied Petroleum Technology will provide geochemical analyses including consultancy services to deliver interpretation of drilling samples and other reservoir data.
ERIELL Group provides 2019 operational update
The company's 2019 projects were mainly concentrated in Russia and Uzbekistan.
African Energy Chamber: continent's oil-reliant countries vulnerable to Covid-19 and oil price crash
Analysis by the African Energy Chamber has identified Senegal, Angola and Nigeria as particularly vulnerable.
ABS to provide classification for Silver Eagle's self-elevating drilling units
Silver Eagle says the self-propelled design is capable of working at greater water depths and in harsh environments.
Key Petroleum responds to Covid-19
Key has made an application a 12-month Suspension and Extension for Permit Year 3 in which the Wye Knot-1 well was to be drilled.
Oil Search completes well tests in Alaska
Mitquq 1 ST1 flowed at a stabilised rate of 1730 bpd from a single stimulated zone, while the Stirrup 1 exploration well flowed at a stabilised rate of 3520 bpd from a single stimulated zone.
Aker Energy cancels FPSO contract with Yinson
Aker Energy was due to charter an FPSO for the deepwater Tano/Cape Three Points (DWT/CTP) project, offshore Ghana.
Aker Solutions awarded brownfield services contract in Brunei
The scope of work covers maintenance and upgrades to maintain production levels for more than 200 offshore assets.