Aker BP sank to a net loss in the first quarter of the year after being hit by impairments due to a significant decline in oil and gas prices.
Repsol posted a significant quarterly loss after being hit by volatility and decline in oil and gas prices, but it delivered an increased output during the period.
Brazilian oil and gas giant Petrobras reached an oil export record during April, exporting 1 million barrels of oil per day.
Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) has secured a contract with Equinor for OBN survey in the North Sea. The deal follows a letter of intent signed with an undisclosed client in February this year. According to the Oslo-listed firm, the survey should commence later
Italian oil and gas company Eni has failed to find hydrocarbons in an exploration well located in the Sureste Basin, offshore Mexico.
After considering the consequences of the COVID-19 global pandemic on oil prices and African economies, the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea has signed a ministerial order granting oil and gas companies a two-year extension on their exploration programmes.
Total recorded a 35 per cent decrease in its first quarter profit as oil prices tumbled during the period.
Repsol has made two significant offshore oil discoveries in Mexico’s deepwater with its Polok-1 and Chinwol-1 exploration wells in Block 29 in the Salina Basin.
Petrofac has postponed the beginning of the plug & abandonment program on Rubie and Renee fields in the UK North Sea. As a result, Awilco Drilling’s rig has been put on standby.
Wintershall Dea has installed two manifolds in the templates on the seabed of its Nova field project located offshore Norway.
BW Energy has experienced a delay in hook-up operations of a well in the Dussafu Marin Permit, offshore Gabon, due to the coronavirus crisis.
The worldwide offshore rig count in April 2020 has dropped 28 rigs year-over-year and 19 rigs sequentially, according to rig count reports by Baker Hughes Company.
ExxonMobil booked a quarterly loss due to asset impairments amid lower oil prices while its production was up by 2 per cent.
Chevron booked a larger profit in the first quarter of 2020 compared to the same period last year.
