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No license, no work says Nigeria for vessels operating in it’s coastal and inland waters

October 5, 2020

Nigeria plans to bar vessels without a valid license to operate in Nigerian waters and has given shipping companies that trade in its coastal and inland waters three months to register, the maritime regulator said on Sunday. The Nigerian Maritime Administration and Safety Agency (NIMASA) said it will notify international oil companies to bar vessels without valid certificates

Caterpillar grabs up Weir Group oil and gas division for $405 million cash deal

October 5, 2020

| Archives

Weir Group Plc said on Monday it had agreed to sell its oil and gas division to U.S. heavy equipment maker Caterpillar Inc for $405 million in cash, as the engineering company focuses on its mining business. Shares of Weir surged 22.5% to 1,568p, on track for their best day in more than 20 years. The deal, which follows

As many go green, Sweden’s Lundin Energy buys into Arctic reserves, announces exploration

October 5, 2020

| Archives

Sweden’s Lundin Energy will buy stakes in several oil discoveries in the Barents Sea from Japan’s Idemitsu, adding 70 million barrels of oil equivalent in reserves in a $125 million deal, Lundin said on Monday. The company simultaneously announced plans to drill three exploration wells in the Barents Sea during the fourth quarter of 2020, with the hope

FREE for HR and FREE for Candidates

October 3, 2020

| Archives

The Job Foundry was create to be a resource for many industries but we focus on oil and gas! We have over 3,600 members that enjoy the free tools, community, chat and much more on Google and Bing's #1 Largest Mobile Energy Network Download the app, create a free individual account and start posting jobs and load up CV's, all

Equinor cancels rig tender for Santos Basin

October 2, 2020

| Archives

Equinor canceled on Wednesday the tender for chartering a 3,000 m water depth drill rig for the Bacalhau development wells campaign in the Santos Basin surprises market. The oil company had already received the bidding proposals and, according to PetróleoHoje sources, had exclusive and advanced negotiations with Seadrill. Source: BEI

Fort Worth’s Lonestar Resources files for bankruptcy

October 2, 2020

| Archives

Lonestar Resources US Inc filed for Chapter 11 bankruptcy protection on Thursday, joining a clutch of shale companies that have succumbed to weak crude prices as COVID-19 pandemic crimps fuel demand. Lonestar, which operates in Texas’ Eagle Ford basin and produced roughly 14,000 barrels of oil equivalent per day, had a total debt of $546.3 million as of

Equinor to cut exploration staff by 30%

October 2, 2020

| Archives

Norwegian oil and gas firm Equinor plans to cut its exploration staff by about 30% globally by 2023 to reduce costs as the COVID-19 pandemic reduces demand for petroleum, the company said on Friday. Equinor said it wanted to focus on selected areas when searching for new oil and gas resources, including Norway, Brazil and the United States,

Noble Energy sales out to Chevron for $4.2 billion

October 2, 2020

| Archives

Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. The all-stock deal values Noble Energy at around $4.2 billion, excluding $8 billion in debt, and the vote cements the

North America Rig Count: U.S. up 5 and Canada up 4

October 2, 2020

| Weekly Rig Count

Baker Hughes Rig Count: U.S. +5 to 266 rigs U.S. Rig Count is up 5 from last week to 266 with oil rigs up 6 to 189, gas rigs down 1 to 74, and miscellaneous rigs unchanged at 3. U.S. Rig Count is down 589 rigs from last year's count of 855, with oil rigs down 521, gas rigs

International Rig Count Down 45 Units in September

October 2, 2020

| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for September was 702, down 45 units from the count in August and down 429 units from the 1,131 counted in September 2019. Latin America is up 8 units to 83 from the August count of 76 units and is down 106 units year-over-year. The Asia-Pacific region is down 31 units to 169 from the August count of

Author: Admin

No license, no work says Nigeria for vessels operating in it’s coastal and inland waters

Caterpillar grabs up Weir Group oil and gas division for $405 million cash deal

As many go green, Sweden’s Lundin Energy buys into Arctic reserves, announces exploration

FREE for HR and FREE for Candidates

Equinor cancels rig tender for Santos Basin

Fort Worth’s Lonestar Resources files for bankruptcy

Equinor to cut exploration staff by 30%

Noble Energy sales out to Chevron for $4.2 billion

North America Rig Count: U.S. up 5 and Canada up 4

International Rig Count Down 45 Units in September

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