Archives Archives - Page 134 of 350

Petrofac barred from competing for new contracts in the UAE

March 17, 2021

Petrofac said it was barred from competing for new contracts in the UAE, months after a former executive of the oilfield services provider pleaded guilty in Britain over bribery charges. London-listed Petrofac shares fell as much as 12 percent to hit session lows on Monday after the company said UAE’s state-backed oil firm, ADNOC, had notified it of

Seadrill plans to layoff after operations are complete with the West Neptune in the GOM

March 17, 2021

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London-based Seadrill Ltd. plans to lay off another 162 employees reporting to its Houston-based U.S. arm in the Gulf of Mexico. The West Neptune was working for Kosmos in the Gulf of Mexico at Mississippi Canyon Block 727 on the Kodiak 2 completion well. The rig had one more contract follow up with LLOG that was scheduled to

We categorically disagree with Engine No. 1s assertions about our board, says ExxonMobil

March 16, 2021

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The activist investor leading a proxy fight to reshape Exxon Mobil Corp on Monday named the four directors it wants shareholders to remove at the oil company’s upcoming annual general meeting. The investor, Engine No. 1, is a small fund that last year took on the top U.S. oil producer for what it said was poor financial returns

Swift 10 reactivated for Wintershall

March 16, 2021

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The Swift 10 is a fully Dutch owned and operated rig, which together with Wintershall Noordzee, will focus on the safe, efficient, and economic plug and abandonment of offshore wells on the Continental Shelf of the Netherlands and Germany. The coming period the rig will be revitalized and will be restarted after its original 5 year LTI

Construction of East African Crude Oil Pipeline to Start Before April 2021

March 16, 2021

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Construction of the East African Crude Oil Pipeline (EACOP), 1,443km long, crude oil export pipeline system, is scheduled to start next month, a key Tanzanian official has announced. Palamagamba Kabudi, Tanzania’s Foreign Affairs minister, told journalists that actual construction of the project would start in the second week of March 2021. The $3.5Billion EACOP project is the midstream part

Nigerian Latest Bid Round, 161 companies awarded 57 marginal fields

March 16, 2021

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The Department of Petroleum Resources (DPR), Nigeria’s regulatory agency for the hydrocarbon industry, has distributed the third letter in the series of correspondences it has been sending to, apparently, the 161 companies selected as winners of interests in the 57 marginal fields on offer in the country’s second marginal field bid round. The third letter specifies the percentage

Mexico President on Pemex find

March 15, 2021

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Mexican President Andres Manuel Lopez Obrador said on Friday a “very large” oil discovery had been made in Tabasco, his home state in southern Mexico, as the government tries to revive crude output at state oil company Petroleos Mexicanos (Pemex). Lopez Obrador revealed the discovery during a regular morning news conference, but gave no further details. “We discovered a

Shell non-operated assets up for sale in Malaysia

March 15, 2021

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Royal Dutch Shell PLC’s Malaysia unit said it is considering selling its stakes in two production-sharing contracts it does not operate off the coast of Sarawak state. In a statement on Friday, Shell Malaysia said the decision to consider divestment options is part of Shell Group’s strategy to focus and increase resilience and competitiveness in its upstream business. The

U.K. lawmakers are considering a ban on new oil exploration licenses in the North Sea

March 15, 2021

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UK lawmakers are considering a ban on new oil exploration licenses in the North Sea as a move away from fossil fuels, a step that could hit jobs and the Scottish economy, the Telegraph reported. Britain is considering options that include ending permits in 2040, and an immediate temporary pause in licensing, the newspaper reported. It’s also possible

Nigeria Awards First FLNG License

March 12, 2021

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Privately-owned Nigerian company UTM Offshore has been awarded a license to install a floating liquefaction (FLNG) unit at its Yoho oil field. This marks the first FLNG license to be issued in Nigeria. UTM Offshore is expected to install a 1.2 million tons per annum FLNG unit at the Yolo field. The legal advisor for the deal, Templar, has said

Archives

Petrofac barred from competing for new contracts in the UAE

Seadrill plans to layoff after operations are complete with the West Neptune in the GOM

We categorically disagree with Engine No. 1s assertions about our board, says ExxonMobil

Swift 10 reactivated for Wintershall

Construction of East African Crude Oil Pipeline to Start Before April 2021

Nigerian Latest Bid Round, 161 companies awarded 57 marginal fields

Mexico President on Pemex find

Shell non-operated assets up for sale in Malaysia

U.K. lawmakers are considering a ban on new oil exploration licenses in the North Sea

Nigeria Awards First FLNG License

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