December 2020 - Page 5 of 10

Exxon in talks with Louisiana over $250 million refinery investment

December 17, 2020

Louisiana Governor John Bel Edwards said Exxon Mobil Corp is considering investing more than $240 million in its 517,700-barrel-per-day (bpd) Baton Rouge, Louisiana, refinery. Exxon is contemplating several projects to increase flexibility in crude oils the refinery can process and to reduce pollution at the refinery, Edwards said in a statement released on Wednesday. Exxon spokesman Jeremy Eikenberry said,

Maersk Drilling’s low emission rig boasts first results in Norway

December 17, 2020

| Archives

After successfully being converted to a hybrid, low-emission rig, Maersk Intrepid has entered operations as the first Maersk Drilling rig to feature this set of upgrades. Maersk Intrepid is currently working for Equinor on the Martin Linge field where the ultra-harsh environment jack-up in November this year commenced its first drilling operation with the full low-emission package

Oil prices hit nine-month high

December 17, 2020

| Archives

Oil climbed to a nine-month high on Thursday after government data showed a fall in U.S. crude stockpiles last week, while progress towards a U.S. fiscal stimulus deal and strong Asian demand also buoyed prices. The U.S. dollar also set a 2-1/2-year low against major rivals on Thursday. Oil prices generally rise when the dollar falls because crude

VROON heads back to work for ENI offshore Mozambique

December 16, 2020

| Archives

Dutch company Vroon Offshore Service (VOS) has announced its team will restart work on Eni’s project offshore Mozambique. Eni has recently awarded the company another charter with on a long-term drilling project off Mozambique, with platform-supply vessel (PSV) VOS Princess to join its sister vessel VOS Principle in support of the drillship SAIPEM 12000. Eni’s campaign will resume in the second half of

Nigeria Eyes New Licensing Round in 2021

December 16, 2020

| Archives

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) stated on Friday that the Nigerian authorities are considering a new licensing round for 2021. Mele Kyari said in an online forum held by the Society of Petroleum Engineers that Nigeria had delayed a major bid round due to COVID-19, which led to a global oil price

Expiry of Forbearance Agreements Announced by Seadrill

December 16, 2020

| Archives

Reference is made to the announcements by Seadrill Limited on 20 November 2020 regarding forbearance agreements entered into by the Company with certain creditors in respect of the group's senior secured credit facility agreements and leasing arrangements. The term of the forbearance agreements expired on 14 December 2020, and, accordingly, the creditors with whom forbearance agreements were entered

Depleted reservoir shift to CO2 storage, says Total CEO

December 16, 2020

| Archives

The North Sea could be switched from a depleting oil and gas basin to a site for storing carbon dioxide under the seabed, Total CEO Patrick Pouyanne said on Tuesday. The French oil firm is one of the partners in the Northern Lights project, which aimed to bury CO2 underground and help companies meet climate targets by preventing

$4.78 billion merger approved by Husky and Cenovus shareholders

December 16, 2020

| Archives

Cenovus Energy Inc’s C$6.07 billion ($4.78 billion) deal to buy Husky Energy Inc was approved by the shareholders of the two companies on Tuesday, creating Canada’s No. 3 oil and gas producer in a rapidly consolidating industry. Cenovus said 93% of shareholder votes were cast in favor of the merger at a special meeting, while Husky announced earlier

IAWCI is changing the way the Industry works with training

December 16, 2020

| Business Spotlight

IAWCI™ is changing the way the Industry works with training. By bringing together Instructors, Providers, and Subject Matter Experts they are working to strengthen Well Control Training for the future. IAWCI™ provides, Instructors a platform to discuss, create, and enhance well control training topics. For Providers of well control training, they connect instructors to assist in curriculum enhancement

Deepsea Stavanger finishes up with Total SA and heads back to Norway

December 15, 2020

| Archives

The Deepsea Stavanger has finalized its assignment with Total in South Africa and has started its journey back to Norway. The rig spent 8 months, went into dry dock and then mobilized from Norway to South Africa. Odfjell was able to establish the first ever direct flight from Bergen to Cape Town in order to secure a

Month: December 2020

Exxon in talks with Louisiana over $250 million refinery investment

Maersk Drilling’s low emission rig boasts first results in Norway

Oil prices hit nine-month high

VROON heads back to work for ENI offshore Mozambique

Nigeria Eyes New Licensing Round in 2021

Expiry of Forbearance Agreements Announced by Seadrill

Depleted reservoir shift to CO2 storage, says Total CEO

$4.78 billion merger approved by Husky and Cenovus shareholders

IAWCI is changing the way the Industry works with training

Deepsea Stavanger finishes up with Total SA and heads back to Norway

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