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Company News
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2 April 2020
BP cuts capital spending in response to Covid-19 disruption
BP has announced plans to cut capital spending by 25% to $12bn this year in the wake of the oil price crash triggered by the coronavirus (Covid-19) pandemic.
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2 April 2020
TechnipFMC to cut capital expenditure by 30% amid Covid-19 crisis
Oil services firm TechnipFMC has announced that it will cut its planned capital expenditures (capex) by 30% to $300m for 2020.
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2 April 2020
ONGC achieves first gas from Krishna-Godavari basin offshore India
India’s Oil & Natural Gas Corporation (ONGC) has achieved first gas from its Block 98/2 deep-water development in the Krishna-Godavari basin, offshore India.
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31 March 2020
Equinor expects faster ramp-up output on Johan Sverdrup oilfield
Norwegian firm Equinor has announced that its Johan Sverdrup oilfield is ramping up production at a faster pace than originally expected.
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31 March 2020
Covid-19: Siccar Point and Shell UK delay Cambo project FID to 2021
Siccar Point Energy E&P has announced it will defer approval of the planned sanction date for the Cambo development due to coronavirus (Covid-19).
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27 March 2020
Vaalco’s South East Etame 4H well begins production offshore Gabon
US-based energy firm Vaalco Energy today announced the start of production at the South East Etame 4H well offshore Gabon.
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26 March 2020
Coronavirus causes Bahamas Petroleum to further delay drilling
Exploration and production firm Bahamas Petroleum has again decided to delay the start of the drilling operations on its Perseverance #1 exploration well offshore Bahamas.
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25 March 2020
Aramco and Gulf Keystone make spending cuts
State-owned oil company Saudi Aramco will cut $25bn-$30bn from its capital expenditure in response to the coronavirus pandemic. However, analysts have said this may affect its acquisition of Indian petrochemical...
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24 March 2020
TGS completes West of Shetland seismic survey processing offshore UK
TGS has completed the processing of its Erlend Wild West multi-client 3D seismic survey west of Shetland, offshore UK.
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24 March 2020
Chevron and Phillips 66 latest to make coronavirus spending cuts
Two US oil and gas giants, Chevron and Phiullips 66, have joined others in announcing coronavirus spending cuts.