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Month: August 2021

Mandatory vaccinations added to employee requirements for Chevron, Hess and more

August 23, 2021
| Archives

U.S. energy companies are moving to require that employees receive COVID-19 vaccinations as infection rates rise across the United States and energy workers, according to health surveys, remain among those most reluctant to get inoculations. Calls to require vaccinations for employees who work closely together in oilfield and refinery operations come as the U.S. Food and Drug Administration

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Shell loses mineral lease on OML 11 in Nigeria to state run NNPC

August 23, 2021
| Archives

Royal Dutch Shell Plc’s Nigerian venture lost the right to operate an oil site after a court ruled the company wasn’t entitled to renew a lease first granted in 1989. On Monday, the court of appeals in Nigeria’s capital, Abuja, overturned a 2019 ruling that granted Shell Petroleum Development Co. the right to renew its operating license for

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Maersk bags contract extension for the Developer offshore Suriname

August 20, 2021
| Archives

Total E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional appraisal well in Suriname’s Block 58 to the work scope of the semi-submersible rig Mærsk Developer. The contract extension has an estimated duration of minimum 40 days , with work expected to commence in September 2021 in direct continuation of the

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Lundin Energy granted wildcat permit using the Deepsea Stavanger

August 20, 2021
| Archives

The Norwegian Petroleum Directorate (NPD) has granted Lundin Energy Norway a drilling permit for wildcat well 17/8-1 in production licence PL 976. Well 17/8-1 will be drilled from the Deepsea Stavanger drilling facility in position 58°27'6.11"N and 3°31'9.19"E. Lundin Energy Norway is the operator with an ownership interest of 50 per cent. The other licensees are Repsol Norge (30 per cent) and Petoro (20 per cent). The area in this permit consists of

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Neptune Energy granted wildcat permit using the Deepsea Yantai

August 20, 2021
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The Norwegian Petroleum Directorate (NPD) has granted Neptune Energy Norge a drilling permit for wildcat well 33/6-5 S in production license PL 882. Well 33/6-5 S will be drilled from the Deepsea Yantai drilling facility in position 61°31'55.02"N and 1°59'12.45"E after concluding the drilling of development wells for Neptune Energy Norge in production license PL 636. Neptune Energy Norge is the operator with an ownership interest of 45 per

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Guyana drilling activity will continue for years

August 20, 2021
| Archives

Guyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin after a string of recent discoveries, government officials and corporate executives said at a conference on Wednesday. The neighboring South American countries, along with Brazil, attracted the most attendees to sessions at the Offshore Technology Conference in Houston

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Seadrill Limited Q2 financial report, adds on half billion of backlog

August 20, 2021
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Seadrill Limited issued its Q2 financial report and here are the highlights Technical utilization of 92% and economic utilization of 88% due to downtime incidents on West Saturn and West Tellus. Excluding these units, technical utilization and economic utilization stood at 98% and 94% respectively. Thirteen owned units operating as of June 30, 2021, with three additional units

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CNOOC Q1 earnings triple on industry rebound

August 20, 2021
| Archives

CNOOC Ltd said its first-half net profit more than tripled from a low base last year, supported by rebounding oil prices and recovering energy demand after the pandemic. CNOOC Ltd, a listed branch of China National Offshore Oil Crop, said net profit reached 33.33 billion yuan ($5.13 billion), up 221% from a year ago and from 25.48 billion

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Buyers continue to circle Seadrill Limited

August 20, 2021
| Archives

Offshore drilling rig contractors Transocean Ltd and Dolphin Drilling have made a new offer to buy the assets of stricken rival SeadrillLtd, Dolphin's chief executive said on Friday. Oslo-listed Seadrill, founded by Norwegian-born tycoon John Fredriksen, is seeking to emerge from U.S. Chapter 11 bankruptcy proceedings under an alternative financial plan filed in court last month. "I can confirm that

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