Upstream news
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.
Oil and gas digital platform secures further investment
Proteus is a cloud-based work management system that allows companies to find the right people for projects as and when they are needed.
Iqarus develops Covid-19 service
The service is designed to safely manage suspected cases of coronavirus following their disembarkation from an offshore location.
Head Energy awarded well hook-up contract
Engineering for the two well hook-ups at the Brage platform will start immediately.
Rystad Energy: oil price war and Covid-19 could derail two-thirds of project sanctioning in 2020
According to an impact analysis from Rystad Energy, E&P companies are likely to reduce project sanctioning by up to US$131 billion, or about 68% y/y.
Aker Solutions secures umbilicals order from Chevron
The contract includes work for the Anchor project in the US Gulf of Mexico.