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Kuwait moves to reduce the number of foreigners in the oil and gas sector

June 11, 2020
| Archives

Kuwait will no longer hire expatriates for jobs in its oil sector as the OPEC member moves to reduce the number of foreigners in the country. Non-Kuwaiti nationals won’t be hired at Kuwait Petroleum Corp., the main state-run energy producer, and its subsidiaries for 2020-2021, Kuwait News Agency reported, citing Oil Minister Khaled Al-Fadhel. Third-party contracts with expatriates, through

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Pemex forced to backtrack on its ambitious plans

June 11, 2020
| Archives

Mexico’s state oil giant is suspending contracts with service providers and suppliers, triggering thousands of job losses, people with direct knowledge of the situation said. Over the past several weeks, Pemex has suspended contracts with at least eight local and international oil-service providers and suppliers to cut spending, said the people, who asked not to be named because

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Baghjan oilfield fire

June 10, 2020
| Archives

A massive fire erupted in a damaged oil field in Assam's Tinsukia district on Tuesday. The oil well, part of Baghjan oil fields, had suffered damage after a blowout on May 27 and has been spewing gas since then. The blaze at the Oil India Ltd's oil well was so massive that it can be seen from a

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Keppel FELS denies allegations by Awilco for termination of newbuild

June 10, 2020
| Archives

Keppel Corporation Limited (“KCL” or the “Company”) refers to its media release on 11 March 2018 on the contract Keppel FELS Limited (“Keppel FELS”) secured from Awilco Drilling PLC for the construction of a mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 million (“the “Contract”). The Company wishes to announce that Keppel FELS has, on

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BP Brazil leadership change

June 10, 2020
| Archives

Adriano Bastos will leave the command of BP Energy Brasil to direct the E&P activities of the British oil company in West Africa. Confirmed by sources to PetróleoToday, the change will take effect in July. BP Energy is still analyzing names to replace the executive. Source: Petroleo Hoje

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Silver Eagle has contracted PetroVietnam Shipyard for newbuild SEDU’s

June 10, 2020
| Archives

ABS is to provide classification for a series of highly innovative Self-Elevating Drilling Units (SEDU) for Silver Eagle Global.  Silver Eagle says the self-propelled design is capable of working at greater water depths and in harsh environments. Also that the series will have the industry’s largest deck area and deck load capacity, a cantilever with modular design and

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Norway demands more detail from Equinor on overseas operations

June 10, 2020
| Archives

Norway’s energy minister said state-controlled Equinor must be more transparent about its foreign businesses after it was hit by mounting losses from U.S. oil and gas investments. Equinor made a series of acquisitions of onshore and offshore petroleum reserves in the United States in the years before the 2014 oil price crash, eventually leading to accumulated losses and

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Hokchi issues early termination to Grupo R

June 9, 2020
| Current News

Grupo R Perforación, S.A. de C.V. (GRP) began drilling in the Hokchi field in April 2020 with the lease of the Cantarell III self-elevating platform, plus logistics and port services. With the Cantarell III platform, the Hokchi-4DEL (producer) and Hokchi-5DEL (injector) wells were repaired. During the execution of these works, Cantarell III operated with an average efficiency of

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Bahamas Petroleum Awarded Uruguay Offshore License

June 9, 2020
| Archives

Highlights BPC has been awarded the OFF-1 license, offshore Uruguay OFF-1 contains a management estimated resource potential of up to 1 billion barrels of oil equivalent (BBOE), based on current mapping from multiple exploration plays and leads in relatively shallow waters with significant running room The OFF-1 licence play system is directly analogous to the prolific Cretaceous turbidite discoveries currently being

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Belorusneft discovers two new oilfields

June 9, 2020
| Archives

Izbynskoye and North Omelkovichi. According to preliminary estimates, the geological reserves of black gold in the two new areas exceed two and a half million tons. This discovery increases the prospects and resource potential of the Central structural zone of the Pripyat trough. This is the area where geologists have focused their attention in the search for hydrocarbons

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