SeaBird Exploration Plc said it has been notified that the end-client has canceled the two OBN surveys off West Africa due to the COVID-19 situation on April 6. The Eagle Explorer has mobilized and is ready for work, and the company expects to be made whole on the contract.
SeaBird is a global provider of marine acquisition for 2-D/3-D and 4-D seismic data, and associated products and services to the oil and gas industry.
Diamondback Energy, which operates in the Permian Basin, said it had suspended almost all completion activity and cut about 5% of production in the second quarter.
Oil major Exxon Mobil said Jan. 31 it would create three new separate E&P companies, effective April 1, in an effort to double its profit by 2025.
NexTier Oilfield Solutions CEO Robert Drummond joins Hart Energy editors for a conversation centered on his outlook for the oilfield services sector’s recovery on the other side of this downturn.