August 2020 - Page 9 of 10

Talos Energy Q2 Operational and Financial Highlights

August 6, 2020

Talos Energy Second Quarter Financial and Operational Highlights: Production of 52.4 thousand barrels of oil equivalent per day ("MBoe/d"), of which 69% was oil and 76% was liquids. Production for the quarter was impacted by 14.4 MBoe/d of production deferrals associated with voluntary shut-ins, accelerated maintenance, Tropical Storm Cristobal and other miscellaneous items. Net Loss of $140.6 million in

Enough to supply every refinery on the U.S. Gulf Coast for 18 months, Exxon warns on loss of 20% reserves with low pricing

August 6, 2020

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Exxon Mobil warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books. If depressed prices persist for the rest of the year, “certain quantities of crude oil, bitumen and natural gas will not qualify as proved reserves at year-end 2020,” the company said in a regulatory filing

Ocyan eyes new platform contracts worth millions

August 5, 2020

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Offshore oil industry supplier Ocyan plans to participate in bids for much bigger platforms than it currently has in Brazilian waters, the world’s largest market for floating platforms, Chief Executive Roberto Bischoff told Reuters. He said Ocyan is eyeing contracts potentially worth hundreds of millions of dollars for deepwater platforms serving state-run oil company Petroleo Brasileiro SA. Petrobras

Tullow hands over its 80% interest in Jamaica’s Walter Morant Basin to United Oil & Gas

August 5, 2020

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The Jamaican Government has granted United Oil & Gas Plc, UOG, an extension to January 2022 to find a drilling partner and start extracting oil from the Walton-Morant Basin offshore Jamaica, according to the company’s latest filing. United now holds the full licence for Walton-Morant, having acquired the 80 per cent interest held by Tullow Oil Plc, the

Brazil’s Ocyan eyes contracts worth hundreds of millions of dollars

August 5, 2020

| Current News

Offshore oil industry supplier Ocyan plans to participate in bids for much bigger platforms than it currently has in Brazilian waters, the world’s largest market for floating platforms, Chief Executive Roberto Bischoff told Reuters. He said Ocyan is eyeing contracts potentially worth hundreds of millions of dollars for deepwater platforms serving state-run oil company Petroleo Brasileiro SA. Petrobras

2020’s largest discovery in Norway goes to Neptune

August 4, 2020

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Neptune Energy and its partners today announced the commercial discovery of oil at the Dugong well (PL882) in the Norwegian sector of the North Sea, the largest discovery in Norway so far this year. The volumes are estimated to be in the range of 6.3 – 19.0 million standard cubic meters (MSm3) of recoverable oil equivalent, or 40

BP halves dividend after record loss

August 4, 2020

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BP cut its dividend for the first time in a decade after a record $6.7 billion second-quarter loss, when the coronavirus crisis hammered fuel demand, and it sought to win over investors by speeding up its reinvention as a lower carbon company. Its shares rose more than 7% on Tuesday after BP unveiled earlier than expected a plan

Most Active User Contest Week 32

August 4, 2020

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Most Active User Contest We give away $100 bucks each week! We want to see you using the app, getting active on the newsfeed, sharing the app with your friends by using the invite option, bringing new people along, get some great content on there, and have some friendly competition whether it be by video, photo or text We want

Prosafe Q2 Financial and Operations Update

August 3, 2020

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The fleet utilization rate in the second quarter of 2020 was 6.5 per cent (Q2 2019: 71.6 per cent). Prosafe refers to the press release from 9 April 2020 regarding discussions with clients about current and upcoming contracts in light of COVID-19 and the oil price collapse. Certain discussions remain ongoing. Please see status and update per vessel

Month: August 2020

Talos Energy Q2 Operational and Financial Highlights

Enough to supply every refinery on the U.S. Gulf Coast for 18 months, Exxon warns on loss of 20% reserves with low pricing

Ocyan eyes new platform contracts worth millions

Tullow hands over its 80% interest in Jamaica’s Walter Morant Basin to United Oil & Gas

Brazil’s Ocyan eyes contracts worth hundreds of millions of dollars

2020’s largest discovery in Norway goes to Neptune

BP halves dividend after record loss

Most Active User Contest Week 32

Prosafe Q2 Financial and Operations Update

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