Gardner Denver High Pressure Solutions (HPS), a total solutions provider for the drilling, well servicing and frac pumps market, has launched its new, next-generation, cost-efficient fluid end: the Gardner Denver VX Hydraulic Fracturing Pump Fluid End (VX)
Exploration
New licensed onshore acreage is likely to fall by about 30 per cent: Rystad Energy
More than half of the world’s planned licensing rounds are likely to be cancelled this year due to the combined effect of the COVID-19 pandemic and the ongoing oil price war, a Rystad Energy impact analysis forecasts
Nigeria to cut crude oil production up to 10 mmbbl
Nigeria has joined other OPEC+ counterparts in a historic curtailment of crude oil production to rebalance and stabilise the global oil markets
South Sudan joins OPEC, Russia, and Saudi Arabia to stabilise oil market
Puot Kang Chol, minister of petroleum of South Sudan, has joined its other OPEC and OPEC+ counterparts to agree on a historic deal to cut 9.7 mmbbl of oil per day of supply starting 1 May
Oil seen down 9.4 per cent, jet fuel down 31 per cent, road fuel down 9.4 per cent in 2020
Rystad Energy’s newest forecast for oil demand now projects a decrease of 9.4 per cent for 2020, or 9.4 million barrels per day (bpd) y-o-y
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