Drillers must scrap one quarter of floaters, Rystad says
Restructuring for offshore drillers will accelerate, Rystad Energy has predicted, and as much as one quarter of the global floater fleet could be scrapped.
Oil & Gas
BP starts up Qattameya field
BP has begun production at the Qattameya gas field offshore Egypt, in the North Damietta concession.
Dana reaches Egyptian sale, warns of impairment
Dana Gas has struck a deal to sell its Egyptian assets to IPR Wastani Petroleum for up to $236 million, including contingent payments.
Libya to resume production
The National Oil Corp. (NOC) has lifted force majeure from the El Feel field, following high-level agreements on a ceasefire in Libya.
Fire-damaged LNG plant in Norway to remain closed for up to a year
The Hammerfest LNG plant will have to remain closed for up to 12 months for repairs following a fire on September 28, Equinor said today.
Cenovus to create Canada oil giant with $2.9bn Husky deal
Cenovus Energy Inc. agreed to buy Husky Energy Inc. in a C$3.8 billion ($2.9 billion) all-stock deal that will combine two of the largest players in Canada’s beleaguered oil-sands industry, which is struggling after the slump in crude prices.
Oil rigs run on AI ‘twins’ points to future hastened by Covid
The coronavirus crisis had a devastating effect on oil-company revenues, but it’s posed a tough human-resources problem too: how to keep workers safe on cramped rigs at sea where social-distancing is impossible.
Shell and BP investors look to results amid tough year for oil majors
Britain's two biggest oil companies are set to update shareholders next week amid a low oil price and a race to reduce emissions.
Rising numbers of North Sea oilfield service firms in ‘crisis mode’
A restructuring specialist has warned more North Sea oilfield service firms are “operating in crisis mode” and that he expects to see higher levels of insolvencies next year.
North Sea big hitters rally behind new deal for offshore contractors
More than 20 North Sea oil industry big hitters are rallying behind a new collective deal for workers ahead of a critical deadline this week.
SBS retake tanker off Isle of Wight
Following a day during which the Nave Andromeda product tanker was held by stowaways, UK special forces have retaken the ship offshore the Isle of Wight.
Bilfinger Salamis had ‘particularly strong year’ before Covid-19 hit
Bilfinger Salamis was having a “particularly strong year” before Covid-19 struck the oil and gas industry, new accounts have revealed.
Biden’s oil transition plan ‘doesn’t sound very revolutionary’ says Aberdeen Uni professor
The plan from Presidential hopeful Joe Biden plan to “transition” away from oil and gas “does not sound very revolutionary”, according to an Aberdeen University professor.
France says ‘non’ to Engie’s US LNG plans
The French government is delaying plans for Engie to secure a deal to import US LNG, citing concerns over emissions.
Equinor appoints new CFO as Lars Bacher resigns
Equinor has appointed a new chief financial officer (CFO) as incumbent Lars Bacher resigns after nearly 30 years with the firm.
Gabon production cuts hit Maurel
Maurel et Prom’s production fell in the first nine months of 2020, although its acquisition of Angolan assets helped avoid too great a reduction.
Extinction Rebellion blockades Ineos Grangemouth refinery
Extinction Rebellion protestors have blockaded the gates at the Ineos petrochemical refinery at Grangemouth in another climate protest.
Aminex completes Tanzania sale
Aminex has completed its farm out of the Ruvuma licence to ARA Petroleum Tanzania, completing a process that began in mid-2018.
Grim year predicted for oil and gas at Cromarty Firth
Cruise liners could return to Highland waters as early as next spring, after staying away throughout 2020 due to the pandemic, the boss of the region’s busiest port has said.
‘We don’t want to bury the past’ – Wintershall Dea publishes book outlining history under Nazi rule
The insidious nature of National Socialism in Germany between 1933 and 1945 meant its impact was felt across society, from the dinner table to the boardroom.
Platform electrification ‘key’ in reducing operational emissions
Offshore platform electrification will be the “main key technology” in reducing carbon emissions from oil and gas production, according to a senior academic.
Transocean to lay off more offshore rig workers
Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.
Namibia considers exploration and acquisitions
Namibia continues to expect hydrocarbons to be discovered offshore, but in the meantime is working on energy transition plans.
Sonatrach extinguishes El Merk fire
Sonatrach has brought a fire at the El Merk processing plant under control.
IN-VR launches Africa event
IN-VR kicks off its Africa Upstream, Gas & LNG Summit this morning.