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Eni pipelines sabotaged with “explosive devices” between Friday and Saturday

November 25, 2020
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Eni declared force majeure on exports of Nigerian Brass River crude oil following pipeline explosions in Bayelsa state, the company said on Tuesday. A source with direct knowledge of the matter said the notice of force majeure was dated Sunday. Eni said two pipelines were sabotaged with “explosive devices” between Friday and Saturday and that production would resume in

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Tullow plan on investing $2.7 billion over next 10 years

November 25, 2020
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Britain’s Tullow Oil will commit 90% of its investments in coming years on its producing offshore oilfields in West Africa and put exploration on the back burner to reduce debt. Tullow, which was set up in the 1980s produce oil and gas in Africa, has historically focused on exploring for new discoveries but the oil price collapse this

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API pledges to fight possible Biden fracking limits

November 24, 2020
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If U.S. President-elect Joe Biden tries to restrict development of oil and gas drilling on federal lands, the American Petroleum Institute (API) will use “every tool at its disposal” including legal action, chief executive Mike Sommers said in an interview with Reuters on Monday. Biden has said he supports a ban on new gas and oil permits —

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Maersk Drilling selected for two-rig Suriname campaign by Total

November 24, 2020
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Maersk Drilling has received a Conditional Letter of Award (CLOA) from Total E&P Suriname, Suriname Branch for the supply of two deepwater rigs, Mærsk Developer and Maersk Valiant, for an exploration and appraisal project in Suriname’s Block 58. The campaign is expected to commence in early 2021, with an estimated firm combined duration of 500 days. The

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SFL Corp announce forbearance agreement with Seadrill Limited

November 23, 2020
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SFL Corporation Ltd. announces that it has entered into forbearance agreements with Seadrill Limited (“Seadrill”) in respect of the leasing arrangements on its three drilling rigs and the corresponding financing agreements. Unless extended or terminated, these forbearance agreements will last until December 14, 2020 (the “forbearance period”). In addition, Seadrill has also announced that it has agreed to

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Court approves Noble’s reorganization plan

November 23, 2020
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Noble Holding Corporation plc announced today that the United States Bankruptcy Court for the Southern District of Texas has issued an order approving the Company's Joint Plan of Reorganization (the "Plan").  The Company is working towards emergence as soon as possible upon receipt of certain regulatory approvals which could be received late this year or early 2021. The Plan received widespread

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Ivory Coast’s Foxtrot to inject $315 mln to boost gas output

November 23, 2020
| Archives

Ivory Coast-based energy firm Foxtrot International will invest $315 million to increase its gas output by a third by 2022 to meet the West African nation’s growing power needs, the firm’s general manager told Reuters on Monday. Ivory Coast, French-speaking West Africa’s largest economy and the world’s top cocoa producer, is seeing domestic electricity consumption rise by about

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ADNOC commits $122 billion to boost oil and gas output

November 23, 2020
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The United Arab Emirates’ biggest oil producer is boosting investment to make good on pledges to increase output capacity, even as it struggles against OPEC+ restrictions on supply. The OPEC member’s top body for energy policy, Abu Dhabi’s Supreme Petroleum Council, approved a 448 billion dirhams ($122 billion) budget for spending on oil and natural gas over the

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The Conundrum of Networking

November 20, 2020
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With 2020 being a year of change for most people, myself included, it is good to write a few notes down and share with everyone on where I personally think, don’t take my thoughts to the bank, just sharing, on how your online networks should be used for your own betterment. As I go through this, I will

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