Upstream news
Unique Group signs exclusive agreement with OTAQ Offshore
Unique Group will represent OTAQ Offshore's technology and products across the Middle East, APAC and the Americas.
ASCO acquires Norm Solutions
NORM Solutions is a provider of specialist cleaning, treatment and disposal services for oilfield equipment contaminated with naturally occurring radioactive materials.
Chevron reduces 2020 capital spending plan
The reductions include a US$2 billion decrease in spending in upstream unconventionals, primarily in the Permian Basin.
Bahamas Petroleum postpones drilling operations until October 2020
The drilling of Perseverance #1, the company's first exploration well in The Bahamas, has been suspended by the Covid-19 pandemic.
Halliburton to reduce 2020 spending
The company will significantly reduce spending this year below its original US$1.2 billion budget.
Schlumberger cuts spending by 30%
The oilfield services company is anticipating a rapid reduction in active drilling and hydraulic fracturing activity.
Tullow Oil terminates drillship contract with Maersk Drilling
The Maersk Venturer drillship has been working for Tullow offshore Ghana.
Equinor makes CAPEX cuts
US onshore drilling and completion activities are being halted by Equinor.
Zenith Energy and Anglo African Oil & Gas renegotiate Tilapia acquisition
Zenith Energy will now pay Anglo African Oil & Gas £800 000, rather than £1 million, for an 80% interest in Anglo African Oil & Gas Congo S.A.U, which operates the Tilapia oilfield.
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.