ExxonMobil will be taking an impairment charge of up to $20 billion in 4Q 2020 after removing certain dry gas assets from its development plan.
Borr Drilling is facing a very challenging financial situation amid a difficult market environment combined with payment delays from Pemex in Mexico.
Equinor has received consent from the offshore safety authority to drill an exploration well in the Barents Sea using the Transocean Enabler rig.
Talos Energy has encountered difficulties in reaching stabilized production from the Bulleit field located in the U.S. Gulf of Mexico.
CGG and Magseis Fairfield have completed the 2020 acquisition of the largest OBN survey ever acquired in the North Sea. The OBN Cornerstone 2020 multi-client survey in the UK Central North Sea commenced in March 2020. The survey saw approximately 1,650 square kilometres of long-offset, full-azimuth
BP and Ithaca Energy have started production from the Vorlich development, in the UK North Sea, which was the target of environmental protests back in 2019.
Jersey Oil & Gas has entered into a conditional sale and purchase agreement to acquire CIECO V&C, which will give it full ownership of a North Sea licence.
Brent crude oil prices reached highest levels since March as news of another promising coronavirus vaccine raised hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition.
Seismic exploration company Shearwater GeoServices has secured a contract from Petrobras for a large ocean bottom node (OBN) 4D baseline survey over the Jubarte field in the Campos Basin offshore Brazil. The 810 square kilometres survey will commence in the first half of 2021 and take place over a 3
Melbana Energy has been awarded two additional petroleum exploration permits offshore northern Australia, close to the Beehive Prospect.
The number of active rigs in the U.S. remained unchanged over the course of last week, according to a weekly rig count report by Baker Hughes.
Saipem has confirmed a contract award to conduct booster compression module FEED services for the Inpex-operated Ichthys LNG development in Australia.
Tullow Oil will focus on its West African producing portfolio as part of its new strategy to generate $7B of operating cash flow in the next 10 years.
A North Sea reservoir has been confirmed suitable for CO2 storage, with Wintershall Dea, Ineos, and Maersk Drilling as members of the project.
