Thursday, June 4, 2020
Oil main ConocoPhillips is taking additional actions to reply to the oil market downturn. As a outcome, ConocoPhillips might be making additional capital, working price, and share repurchase reductions of $three billion. These comply with preliminary actions introduced on March...
Tullow Oil plc pronounces judgment within the English Commercial Court case introduced towards its wholly owned subsidiary Tullow Ghana Limited by Seadrill Ghana Operations Limited has been obtained. The Hon. Mr Justice Teare has dominated that Tullow was...
As discussions about IR35 and the influence on UK-based contractors enhance, Wood, the oil and gasoline firm based mostly in Aberdeen, have right now notified all their PSC contractors of their plans put up April 2020. Grant Thornton are...
The world's largest container transport firm A.P. Møller – Mærsk A/S introduced that its Board of Directors has determined to retain full possession of Maersk Supply Service.The offshore assist vessel business, which Maersk Supply Service operates inside, has over...
State-run Qatar Petroleum stated Wednesday it has launched a drilling marketing campaign for the North Field East Project as a part of plans to develop liquefied pure gasoline manufacturing. The first of 80 North Field East growth wells was spudded...
The Abu Dhabi National Oil Company (ADNOC) awarded the 2 Front End Engineering Design (FEED)contracts for ADNOC’s deliberate offshore ultra-sour fuel mega undertaking, which consists of Hail, Ghasha and Dalma fields. Bechtel (UK) was awarded Hail & Ghasha FEED...
The NHV Group in the present day introduced a brand new long-term contract to supply helicopter providers for Petrofac. Initially, underneath the brand new 4 12 months settlement, 4 crew change flights per week will depart from NHV’s base...
Russia performed an enormous half in making attainable a brand new OPEC+ deal to curb manufacturing, however initially it’s letting Saudi Arabia shoulder the majority of precise cuts. OPEC’s largest ally goals to cut back its January manufacturing by...
SDX Energy Inc., the North Africa centered oil and fuel firm, proclaims that the Kelvin-1X exploration effectively at South Disouq, Egypt (SDX 55% working curiosity and operator) has been drilled to a TD of eight,075 ft, encountering 606 internet...
Investment is rising within the oil and fuel sector, with North Sea operators placing cash into analysis and improvement, folks, new markets and the upkeep of infrastructure, in accordance with a report revealed at this time.The 30th Oil and...
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