Admin, Author at Rig Lynx - Page 257 of 421

BP cuts Gulf of Mexico output, evacuates workers as storm approaches

June 4, 2020

BP Plc began turning off production at three platforms in the northern Gulf of Mexico and evacuating workers because of the threat from Tropical Storm Cristobal, forecast to make landfall in Louisiana over the weekend, the company said. Norwegian state-oil company Equinor ASA began evacuating non-essential workers on Wednesday and plans to shut production on Friday at its

$700 million investment from Shell and partners for first thermal plant using pre-salt natural gas

June 3, 2020

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Despite the economic crisis resulting from the coronavirus pandemic, Anglo-Dutch Shell and its partners decided to keep US $ 700 million in investments to set up a thermoelectric plant powered by natural gas from the pre-salt layer in Macaé, in the North of the State of Rio de Janeiro. The plant will have a capacity of 565 MW,

Tullow suspends Kenyan oil-export program

June 3, 2020

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Tullow's export and testing of Kenya’s crude under a pilot plan ended June 2, as timelines for development in the East African nation slowed. The contract for trucking crude from northern Kenya to Mombasa city at the coast for shipment expired after running for two years. The project “allowed Kenya’s oil to be marketed and established on world

Turkey vows to defend its interests in the eastern Mediterranean

June 3, 2020

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Turkey vowed to defend its interests in the eastern Mediterranean, where it’s preparing to issue new energy exploration licenses over the objections of Greece and the European Union. President Recep Tayyip Erdogan chaired a National Security Council meeting late Tuesday at which civilian and military leaders discussed “activities of some countries against Turkey’s interests in the Mediterranean,” according

Parsley and EOG disclose plans to restore output cuts

June 2, 2020

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U.S. shale oil producers are reversing production cuts as prices recover from historic lows, underscoring shale’s ability to quickly adjust to pricing and posing a challenge to OPEC as it considers extending production curbs. U.S. producers began cutting output in March as oil prices collapsed due to a supply glut and falling demand due to the COVID-19 pandemic.

Prosafe gets support for extension of forbearance agreement

June 2, 2020

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Prosafe refers to the information on its financial status and process with lenders that has been provided over time and lastly in the Q1 2020 report published on 26 May 2020. The company has gained support to an extension to the previously reported forbearance arrangement with a majority of its lenders across its USD 1,300 million and USD

Seadrill Limited – First Quarter 2020 Results Highlights

June 2, 2020

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Highlights Revenue down 19% at $321 million with lower proportion of reimbursable revenues Technical utilization of 95% and economic utilization of 93% Operating Loss of $1,284 million after making material asset impairments Adjusted EBITDA of $55 million, representing 17.1% margin Net loss attributable to shareholder of $1,564 million equivalent to net loss per share of $15.59 During the quarter we added $77 million in backlog,

Seadrill to Delist from the New York Stock Exchange

June 2, 2020

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Seadrill Limited announced its intention to delist from the New York Stock Exchange (NYSE). On March 26, 2020, Seadrill received written notice from the NYSE that it was not in compliance with the NYSE continued listing standard with respect to the minimum average share price required, because the average closing price of its common shares had fallen below $1.00

America must continue oil and natural gas investment

June 1, 2020

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As our energy-environment discussion marches on amid the pandemic, one of our biggest concerns must be that temporary fallen demand and extreme lower prices discourage investments in new oil and natural gas supply. Worse, there is also a loudening mantra that COVID-19 somehow signals the “the end” of oil and gas so new investments are not warranted. The

$20 billion LNG shipbuilding deal awarded to 3 heavyweight South Korean yards

June 1, 2020

| Archives

Qatar has signed a deal worth around $20 billion with South Korean shipbuilders to help cement its position as the world’s largest producer of liquefied natural gas. The Gulf emirate entered into agreements with Daewoo Shipbuilding & Marine Engineering Co., Hyundai Heavy Industries Co. and Samsung Heavy Industries Co., according to a statement on Monday from state producer

Author: Admin

BP cuts Gulf of Mexico output, evacuates workers as storm approaches

$700 million investment from Shell and partners for first thermal plant using pre-salt natural gas

Tullow suspends Kenyan oil-export program

Turkey vows to defend its interests in the eastern Mediterranean

Parsley and EOG disclose plans to restore output cuts

Prosafe gets support for extension of forbearance agreement

Seadrill Limited – First Quarter 2020 Results Highlights

Seadrill to Delist from the New York Stock Exchange

America must continue oil and natural gas investment

$20 billion LNG shipbuilding deal awarded to 3 heavyweight South Korean yards

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