April 2020 - Page 3 of 8

Schlumberger books $8.5 bln impairment charge as oil prices collapse

April 17, 2020

Schlumberger NV said on Friday it recorded an $8.5 billion charge to earnings as the worldâ€™s top oilfield services provider slashed the value of some of its units following the collapse of oil prices. The impairment charge led the company to report a net loss of $7.38 billion, or $5.32 per share, in the first quarter ended March

Tidewater says Husky declares force majeure for PGR offtake agreements

April 17, 2020

| Archives

Tidewater Midstream said on Friday Canadian oil and gas producer Husky Energy has delivered a force majeure notice on offtake agreements from the Prince George Refinery because of drop in demand for refined products due to the coronavirus outbreak. Companies invoke force majeure when they cannot meet their contractual obligations because of circumstances beyond their control. Tidewater said it

North America Rig Count: U.S. down 73 and Canada down 5

April 17, 2020

| Weekly Rig Count

Baker Hughes Rig Count: U.S. -73 to 529 rigs U.S. Rig Count is down 73 rigs from last week to 529, with oil rigs down 66 to 438, gas rigs down 7 to 89, and miscellaneous rigs unchanged at 2. U.S. Rig Count is down 483 rigs from last yearâ€™s count of 1,012, with oil rigs down 387, gas

PTTEP moves forward with 2020 exploration plans

April 16, 2020

| Archives

PTTEP remains confident to move forward with its 2020 business plan under the current global oil price crisis and the spread of coronavirus (COVID-19). The reasons are its strong financial position and high liquidity attributed to its competitive cost structure, oil price hedging and secured natural gas selling prices as per sales agreements. The company is ready

Diamond Offshore delays interest payment

April 16, 2020

| Archives

Diamond Offshore Drilling disclosed: Diamond Offshore Drilling, Inc. has elected not to make the semiannual interest payment due in respect of its 5.70% Senior Notes due 2039 (the â€œNotesâ€). Under the terms of the indenture governing the Notes, the interest payment was due on April 15, 2020, and the Company has a 30-day grace period to make the

U.S. court rules against permit in new setback for Keystone XL oil pipeline

April 16, 2020

| Archives

A U.S. court on Wednesday ruled against the U.S. Army Corps of Engineersâ€™ use of a permit that allows new energy pipelines to cross water bodies, in the latest setback to TC Energy Corpâ€™s plans to build the Keystone XL oil pipeline. Keystone XL, which would carry 830,000 barrels per day of crude from Alberta to the U.S.

Brazilâ€™s Petrobras begins shut in operations of 62 platforms

April 16, 2020

| Archives

Brazilâ€™s state-owned oil firm Petroleo Brasileiro SA said on Wednesday it had begun suspending operations of 62 shallow water platforms in the Campos, Sergipe, Potiguar and Ceara basins. Petrobras, as the company is known, had previously announced the shutdowns, which amount to a production cut of 23,000 barrels of oil per day. Source: Reuters Check out our other current stories! Texas

Texas oil hearing stirs hornetâ€™s nest

April 15, 2020

| Archives

Texas energy regulators listened as top executives on Tuesday debated whether the state should cut oil output by 1 million barrels per day, but did not indicate how they might vote after more than 10 hours of sometimes dire testimony. Oil and gas companies are gushing red ink and cutting tens of thousands of workers as oil prices

Qatar Petroleum kicks off 80 well development drilling campaign with Seadrill and Gulf Drilling JV

April 15, 2020

| Archives

Qatar Petroleum has announced the start of the development drilling campaign for the North Field East Project, or NFE (previously known as the North Field Expansion Project). The first of 80 NFE development wells was spudded on 29 March by the jack-up rig â€œGulfDrill Lovandaâ€, which is managed and operated by GulfDrill, a joint venture between the

OPEC +, all indications the taps are set to remain wide open until next month

April 15, 2020

| Archives

Saudi Arabia and other Gulf suppliers may have agreed to cut oil production again starting next month, but by all indications the taps are set to remain wide open until then â€” swelling crude stockpiles for at least a few more weeks. The kingdomâ€™s crude exports so far in April stand at 9.3 million barrels a day, according

Month: April 2020

Schlumberger books $8.5 bln impairment charge as oil prices collapse

Tidewater says Husky declares force majeure for PGR offtake agreements

North America Rig Count: U.S. down 73 and Canada down 5

PTTEP moves forward with 2020 exploration plans

Diamond Offshore delays interest payment

U.S. court rules against permit in new setback for Keystone XL oil pipeline

Brazilâ€™s Petrobras begins shut in operations of 62 platforms

Texas oil hearing stirs hornetâ€™s nest

Qatar Petroleum kicks off 80 well development drilling campaign with Seadrill and Gulf Drilling JV

OPEC +, all indications the taps are set to remain wide open until next month

Recent Posts

Recent Comments

Categories

Recent Blogs

Formal Webpages, Real Gamble Guide & Demonstration

The Influence of Artificial Intelligence on Casino Operations

Get in Touch

Site Map