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Transocean drill ship Discoverer India suffers contract termination

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Offshore drilling contractor Transocean is reporting that it has received a contract termination for its drill ship Discoverer India which has been operating in Egypt. This is according to Transocean’s latest Quarterly Fleet Status Report dated April 16, 2020. The...
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Contracts for two Maersk Drilling rigs terminated

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Maersk Drilling announced on Thursday that it has received notice of early termination for convenience of two of its drilling contracts. “BG International Ltd., a subsidiary of Shell, has terminated the contract for the semi-submersible Mærsk Developer with immediate effect....
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COVID-19 sees Schlumberger’s revenues declining by 9 %

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Oilfield services and well characterization company Schlumberger on Friday announced that for the first quarter of 2020, it saw revenues declining by 9% to $7.5 billion as a result of the impact of COVID-19 on the company’s activities. The company,...
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Brazil’s Petrobras eyes restart at oil ships hit by coronavirus

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(Reuters) - Brazilian state-run oil firm Petrobras plans to restart operations in the coming days at two ships used in offshore oil production that suffered coronavirus outbreaks, an executive told journalists during a call on Friday. Petrobras Exploration and Production...
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China crude oil runs hit 15-mth low as virus cripples demand

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(Reuters) - China’s daily crude oil throughput in March sank to a 15-month low with state refiners maintaining deep output cuts as the coronavirus pandemic erodes demand, but there are some signs of recovery as the country begins to...
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Global oil demand to fall by 9.3 million barrels per day – IEA

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The International Energy Agency (IEA) says that even if worldwide COVID-19 travel restrictions were eased during the second half of 2020, they expect that global oil demand will fall by 9.3 million barrels per day this year, erasing almost...
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Brazil is world’s top dollar saver on lifting costs per barrel of oil equivalent – Rystad Energy

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Global currencies have depreciated against the US dollar, reeling from the impact of the COVID-19 outbreak and the oil price slump. As most operating expenses in oil and gas production are realized in local currencies, a Rystad Energy analysis...
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Guyana among handful of countries where oil production is expected to grow in 2020 – OPEC

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Guyana is listed among just a handful of countries in the world where oil production is expected to grow this year despite the decline in prices and challenging market conditions being fueled by the COVID-19 pandemic. Non-OPEC liquids production growth...
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Brazil offshore oil rigs hardest hit by COVID-19

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There have been 126 confirmed cases of the coronavirus among oil and gas workers in Brazil, including 74 people who were recently on offshore oil platforms, regulator ANP told Reuters on Tuesday, exposing an outbreak far worse than previously...
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Chevron exits Azerbaijan in billion dollar plus deal

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Chevron Corporation (NYSE: CVX) announced on Thursday that its affiliate companies have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields (including interests in the Western Export Route Pipeline) and the Baku-Tbilisi-Ceyhan (BTC) oil pipeline located in...
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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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