April
PTTEP to cut 2020 CAPEX
Thailand's PTTEP announced that it will be cutting this year’s capital expenditure by 15-20 per cent but it will still invest in the Mozambique Area 1 and Lang Lebah projects.
Fugro to reduce costs and expenditure
Fugro announced its 2020 Q1 results that showed the impact of COVID-19 varied by region with overall revenue still in line with last year with growth in Asia Pacific but a decline in the other regions.
Sumitomo agrees deal with Yinson to take stake in FPSO set for Brazil
Sumitomo has concluded an agreement with Malaysia’s Yinson Holdings to take a 25 per cent stake in the FPSO owning and chartering business for the Marlim II Project, off the Brazilian coast.
