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Exxon Mobil ‘very close’ to disclosing U.S., Canada job cuts, says CEO

October 22, 2020
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Exxon Mobil Corp is "very close" to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday. The second-largest U.S. oil company by market value lost nearly $1.7 billion in the first six months and analysts forecast a third-quarter $1.17 billion loss, according

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Norway offshore labor unions split over wage talks

October 22, 2020
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One of Norway’s two labor unions for oil service workers struck a wage deal with subcontractors to the country’s oil and gas industry, while a second union broke off talks, union officials said on Thursday. Industri Energi, the largest of the two labour unions involved in negotiations, said it had agreed to a deal, while the smaller Safe

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82,000 sq kilometer coring project offshore Nigeria awarded to TGS

October 22, 2020
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TGS today announced the recommencement of the geochemical coring project offshore Nigeria. The initiative is part of an anomaly targeting program focusing on the previously completed analysis of multibeam and backscatter data. This survey is being conducted in conjunction with Nigerian joint venture partner TGS-PetroData. The coring leg began on 15th October and completion is planned for late

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Gabon Plans to Reduce Oil Production in 2021

October 21, 2020
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Gabon plans to reduce oil production by more than 10,000 barrels of oil per day (bpd) – with an average price per barrel expected to drop from $57 to $41, in 2021. According to a budget Bill currently under review – which states that oil production over the next fiscal year will be 10.5 million tons or nearly

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Vitol executive’s secret recordings to expand Brazilian oil bribery probe

October 21, 2020
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Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro SA based in part on secret recordings made by a former executive of Swiss trading firm Vitol SA, according to court documents released on Tuesday. Police on Tuesday served warrants seeking documents from six people and two companies as part of what is known as

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Maersk awarded three-well deal from Total Angola

October 21, 2020
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Maersk Drilling has been awarded a three-well contract from Total E&P Angola for the 7th generation drillship Maersk Voyager which will be employed to drill development wells in Angola’s Block 17. The three-well contract has an estimated duration of 140 days, which means that Maersk Voyager is now contracted until Q2 2021. The firm value of the three-well

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Pacific Drilling Denied Permission to Appeal Zonda Arbitration Decision

October 20, 2020
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Pacific Drilling S.A. (NYSE: PACD) (the “Company”) announced today that the High Court in London has denied the application of the Company’s subsidiaries Pacific Drilling VIII Limited (“PDVIII”) and Pacific Drilling Services, Inc. (“PDSI”) for leave to appeal the previously-disclosed award that was issued in arbitration proceedings between PDVIII and PDSI and Samsung Heavy Industries Co. Ltd.

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ANPG, ExxonMobil and Sonangol Sign Three Agreements for Namibe Basin Exploration

October 20, 2020
| Archives

The Angolan National Oil, Gas and Biofuels Agency (ANPG) signed three Risk Service Agreements (RSAs) with ExxonMobil and Sonangol P&P that will allow the increase of the offshore exploration area to over 17,800 square kilometers. These agreements will make it possible to identify the potential of hydrocarbon resources existing in the Namibe Basin. Until now the Namibe Basin

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