+1(833) 396-4204 info@riglynx.com
Menu

Archives

BP to Cut 10,000 Jobs as Virus Accelerates Reorganization

June 8, 2020
| Archives

BP Plc plans to cut 10,000 jobs as the coronavirus pandemic accelerates the company’s move to slim down for the energy transition. The public health crisis has hit company earnings and forced many to change the way they operate. European competitor Royal Dutch Shell Plc is said to be offering voluntary redundancies in a bid to become leaner,

Read More...

New regulatory measure to improve review process for exploratory drilling projects in the Canada-Newfoundland and Labrador offshore

June 5, 2020
| Archives

The Government of Canada is committed to ensuring that projects are assessed in a manner that maintains high standards of environmental protection. The Government is also committed to ensuring that such processes are efficient and enable good projects to proceed. The Government of Canada recognizes the value of the Newfoundland and Labrador (NL) offshore petroleum sector to the province and the country and the importance of

Read More...

BP in sale talks on $1 billion stake in giant Oman project

June 4, 2020
| Archives

BP is in early-stage discussions to sell about a 10% stake in a key gas field in Oman as part of the energy giant’s plans to cut debt, according to people familiar with the matter. London-based BP is talking with interested parties about cutting part of its 60% holding in the Khazzan natural gas field, the people said,

Read More...

OOC Oil & Gas Blockchain Consortium Announces Successful Completion of Pilot Blockchain Technology

June 4, 2020
| Archives

The Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium announced the successful completion of its first pilot leveraging blockchain technology. The pilot, developed in partnership with Data Gumbo utilizing its GumboNet™ blockchain network, proved a platform for automating produced water haulage from field reading to invoice payment. It was executed on five Equinor wells in the Bakken field in North

Read More...

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

June 4, 2020
| Archives

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

Read More...

Tullow suspends Kenyan oil-export program

June 3, 2020
| Archives

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

Read More...

Turkey vows to defend its interests in the eastern Mediterranean

June 3, 2020
| Archives

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

Read More...

Parsley and EOG disclose plans to restore output cuts

June 2, 2020
| Archives

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.

Read More...

Prosafe gets support for extension of forbearance agreement

June 2, 2020
| Archives

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

Read More...