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BP employee sacked for using Hitler meme wins pay out

BP employee sacked for using Hitler meme wins pay out   A BP employee in Australia who lost his job after sending colleagues a Hitler meme parodying the company’s wage negotiations has been awarded $200,000 (£109,000) after winning his unfair dismissal case. Scott Tracey, a technician based in Western Australia, used the well-known meme from the film Downfall in what he a...

Covid-19: 31 employees of ONGC's offshore facility test positive

Covid-19: 31 employees of ONGC's offshore facility test positive   As many as 31 of 91 employees of the Oil and Natural Gas Corporation (ONGC) working at its offshore facility near Mumbai have tested positive for coronavirus, a civic body official said on Tuesday. "These 31 employees had spent 15 days at the facility. They were found positive in the Covid-19 test conducted at a hospital in Mahim," said Assistant Municipal Commissioner, G North ward, Kiran Dighavkar....

US permits for new horizontal drilling dip to 10-year low, hinting no strong rebound in 2020 activity

US permits for new horizontal drilling dip to 10-year low, hinting no strong rebound in 2020 activity   US horizontal drilling activity in oil basins, which has plummeted due to the Covid-19 pandemic, is not likely to materially recover this year, a new Rystad Energy analysis shows. Drilling permits, which are increasingly reliable indicators of future activity levels, dipped to a 10-year monthly low this July, with only 454 awards. July’s drilling permits number is the lowes...

SOCAR-Petrofac JV awarded contract by BP Azerbaijan

SOCAR-Petrofac JV awarded contract by BP Azerbaijan   Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a contract to provide BP Azerbaijan with international payroll and personnel support services including training services. The five-year contract, worth around US$100 million to the JV, will support the provision of international payroll and personnel support services, including support of company personnel attending t...

Marathon sets up for $1.1 billion tax refund via coronavirus aid law

Marathon sets up for $1.1 billion tax refund via coronavirus aid law   Marathon Petroleum Corp. is poised to claim a $1.1 billion tax refund due to the coronavirus stimulus law enacted in March. That measure included a tax provision that allows companies to immediately deduct net operating losses and apply them to previous returns for five years from 2018, 2019 and 2020 -- instead of only applying those deductions to future years. The benefit is supercharged because deductions take...

Wellesley gains permit for exploration well

Wellesley gains permit for exploration well   Wellesley Petroleum has received approval from the Norwegian Petroleum Directorate to sink an exploration well at the Schwein steiger prospect in the Norwegian Sea.  The well 6204/11-3 will be drilled using the Borgland Dolphin semi-sub rig, owned by Dolphin Drilling. The well is located in the production license 829, where Wellesley Petroleum AS is the operator with an ownership interest of 60 percent. The other lice...

Abrado appoints new CEO to lead global growth

Abrado appoints new CEO to lead global growth   Abrado, the industry leader in the surgical removal of multiple casing sections downhole, has appointed Jason Broussard as President and CEO. He will be based at the company’s office in Broussard, Louisiana. With a global remit, Mr Broussard will play a critical role in driving company growth and continuing to create operations and technical excellence in plug and abandonment (P&A). Since its inception, Abrado has developed...

Occidental posts $8 billion loss, outlines oil production cuts

Occidental posts $8 billion loss, outlines oil production cuts   Occidental Petroleum Corp on Monday posted a $8.35 billion second-quarter loss on lower energy prices and write-downs as the U.S. oil producer has been trying to reduce debt amid a pandemic that has sapped fuel demand and prices. Occidental, which borrowed heavily to finance last year’s $38 billion purchase of rival Anadarko Petroleum, cut the value of its oil and gas properties by $6.6 billion, joining BP, Chevron...

ADNOC Adds Chinese Firm to Offshore Concessions

ADNOC Adds Chinese Firm to Offshore Concessions   For the first time, a dedicated Chinese offshore oil and gas company has joined Abu Dhabi National Oil Co. (ADNOC) offshore concessions, ADNOC reported Monday. The milestone stems from a new ADNOC agreement to transfer rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corp. (CNPC) to China National Offshore Oil Corp. (CNOOC) subsidiary CNOOC Limited. Abu Dhabi’s Supreme Pet...

Equinor sets out to retain leading role among oil majors in energy transition, says GlobalData

Equinor sets out to retain leading role among oil majors in energy transition, says GlobalData   Following today’s announcement of Equinor’s appointment of a new CEO, with an increased focus on the energy transition; Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view: “Equinor, like other major European oil and gas companies, has made a significant strategic shift in recent months to prepare for th...

New report sets out renewables’ contribution to rural Scotland

New report sets out renewables’ contribution to rural Scotland   Scottish Renewables’ Annual Conference to be held online for first time (Sept 1-3) Speakers from Ofgem, Committee on Climate Change, Scottish Government and National Grid ESO all confirmed – plus many more The green economic recovery from coronavirus and Scotland's net-zero target will be at the heart of discussions at Scottish Renewables’ Annual Conference in September. The event, wh...

Schlumberger man to take on Borr Drilling CEO role

Schlumberger man to take on Borr Drilling CEO role   Offshore drilling rig owner Borr Drilling has named a new chief executive officer (CEO) of the company. Borr Drilling said on Monday that it announced Patrick Schorn as the new CEO with effect from 8 September 2020. According to the company, Schorn will succeed Svend Anton Maier who will remain with the company as a special advisor to the CEO. Schorn has been a director of the company since January 2018. Paal Kibsgaard, cha...

BLUEWATER awarded to REMAZEL ENGINEERING an important contract for Jotun FPSO upgrade.

BLUEWATER awarded to REMAZEL ENGINEERING an important contract for Jotun FPSO upgrade.   BLUEWATER, the technological front- runner in the industry of Floating Production, Storage and Offloading (FPSO) systems, Floating Storage and Offloading (FSO) systems, and the turnkey supply of Single Point Mooring (SPM) systems, awarded to REMAZEL ENGINEERING an important contract for the supply of the complete Mooring and Riser pull in system for Jotun FPSO upgrade. The contract between Rema...

Worley set to service Cheniere LNG’s Corpus Christi facility

Worley set to service Cheniere LNG’s Corpus Christi facility   Worley has been awarded a master services agreement (MSA) to provide civil, structural, mechanical, I&E, HVAC and marine construction services at Cheniere LNG’s Corpus Christi liquefaction facility. Cheniere LNG is the second largest LNG operator in the world. The Corpus Christi facility in South Texas is the first greenfield LNG export facility in the U.S. lower 48. Its location places it near some of t...

MOL apologizes after 1,000 tons of oil spilled off Mauritius

MOL apologizes after 1,000 tons of oil spilled off Mauritius   A Japanese shipping company giant has apologized after a cargo vessel it had chartered leaked more than 1,000 tons of heavy oil into the emerald-green ocean off Mauritius after running aground. At a news conference in Tokyo on Aug. 9, Mitsui O.S.K. Lines (MOL) apologized for damage done to the environment and local tourism of the African island nation. “I deeply apologize for causing a great deal of inconvenien...

Coronavirus accelerates European utilities' digital drive

Coronavirus accelerates European utilities' digital drive   When COVID-19 plunged Italy into lockdown, it was decision time at the Verampio power station. The control room, which runs a fleet of hydroelectric plants across the Piedmont region, hard hit by the pandemic, had to be secured to keep the lights on. Operator Enel, Europe’s largest utility, moved quickly to create a parallel backup control room at a smaller site 30 kms (18.6 miles) away while also plugging some k...

Oil drilling drops to 15-year low, shale in full retreat

Oil drilling drops to 15-year low, shale in full retreat   Drillers cut exploration in US oil fields to a 15-year low as billions of barrels from old discoveries became worthless and explorers abandoned growth plans. Baker Hughes Co data released last Friday showed that the number of active oil rigs in the US fell by four to 176 - the lowest since 2005. Energy companies have been parking rigs on an almost uninterrupted streak for more than four-and-a-half months. Stung by the pa...

Orca Oceanic Systems Ltd (OOS) is delighted to announce award of an MSA for the provision of dive system support and engineering services for Well-safe Solutions

Orca Oceanic Systems Ltd (OOS) is delighted to announce award of an MSA for the provision of dive system support and engineering services for Well-safe Solutions   Orca Oceanic Systems Ltd (OOS) is delighted to announce securing a significant contract with Well-Safe Solutions Limited for the provision of Dive System Support and Engineering Services onboard the Well-Safe Guardian semi-submersible decommissioning rig. Mike Masson, OOS’s Managing Director: “We’re del...

Saudi Aramco's profit plunges, sees signs of oil market recovery

Saudi Aramco's profit plunges, sees signs of oil market recovery   Saudi state oil group Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world’s biggest oil exporter. All major oil companies have taken a hit in the second quarter as lockdowns to contain the coronavirus limited travel, which reduced oil consumption and sent prices tumbling to levels not seen in nearly...

OGV Energy's European Energy Review

OGV Energy's European Energy Review   Oil and gas discoveries, new licensing rounds in Norway, proposals for pathways to green recovery, and a number of renewable energy and hydrogen projects in the UK were the highlights of Europe’s energy news in the past month.   Oil & Gas Norway aims to offer 136 blocks for oil and gas exploration in the licensing round for less explored areas on its shelf, including 125 blocks in the Arctic Barents Sea that are currently...
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