Sunday, March 29, 2020

Gas Use News

Nigeria Announces Offshore Oil Worker Restrictions to Battle Coronavirus

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Nigeria's petroleum regulator has ordered oil and gas companies to reduce their offshore workforce and move to 28-day staff rotations as part of measures to curb the spread of the coronavirus…

Fully Laden LNG Tankers Sit Idle Off Indian Ports after Force Majeure

© Wojciech Wrzesien/AdobeStock

At least five fully-laden liquefied natural gas (LNG) tankers are idling offshore India, as yet unable to discharge their cargoes, after importers there declared force majeure earlier this week…

Origin Energy to Defer Shale Drilling in Australia

Illustration only; Image by FerrizFrames - AdobeStock

Origin Energy will defer shale exploration drilling in Australia's Northern Territory until the second half of this year in a bid to protect workers from a coronavirus, the company said on Thursday.Origin…

MOL Poducing Hand Sanitizer to Help Fight COVID-19

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Hungarian oil and gas company MOL said it has transformed one of its production facilities at Almásfüzitő into a sanitizer production plant as energy companies around the world pitch in to aid the fight against coronavirus.

Indian LNG Importers Issue Force Majeure Notices

An LNG Tanker - Image by donvictori0 - AdobeStock

Indian liquefied natural gas (LNG) importers have started to issue force majeure notices as domestic gas demand slumps and as port operations in the country get hit by a lockdown to curb the spread of coronavirus…

Mozambique Army, Islamist Insurgents Battle Near Gas projects

Map of Total's LNG plant under construction and offshore gas fields - Credit: Total

Mozambican troops battled Islamist insurgents in a town in a northern town on Monday close to billion-dollar gas projects being developed by ExxonMobil and Total, police said.The General Commander of Mozambique's police…

Total Cuts Capex, Mostly in E&P Business

 Total Logo - Image by Ricochet64 - AdobeStock

French energy group Total announced plans on Monday to step up cost cuts and suspend its share buyback programme in order to deal with a slump in oil prices and the economic fallout…

Saipem Inks Deal with Equinor on Floating Solar Farm Tech

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Italy's Saipem has reached an agreement with Norway's Equinor to develop technology to build floating solar power farms close to the coast, the energy contractor said.The agreement…

Saipem, Equinor Working on Floating Solar Panels

Credit: Saipem

Italian oilfield services firm Saipem, and Norwegian oil and gas company Equinor are teaming up to develop a floating solar panel park solution for near coastal applications and rough…

Oil Prices Bounce, But Gains Only Temporary, Analysts Say

Illustratpon; Image by Lukasz Z - AdobeStock

Oil prices bounced nearly 7% on Thursday after a three-day selloff drove them to their lowest in almost two decades as demand plummeted due to the coronavirus and supplies surged in…

U.S. Offshore Oil Lease Sale Weakest Since 2016

Silhouette of an oil platform at sunset in the Gulf of Mexico - Image by Lukasz Z / AdobeStock

A major sale of oil and gas leases in the U.S. Gulf of Mexico on Wednesday generated $93 million in high bids, the lowest total for any U.S. offshore auction since 2016, reflecting…

Deepwater Acreage to Attract Investments

Image: Norwegian Petroleum Directorate

Deepwater acreage will continue to attract significant company interest through 2020, said a report.According to GlobalData, a significant portion of the acreage available in Q1 2020…

Quality Companies Appoints Nunnally as CEO

John Clay Nunnally  (Photo: Quality Companies)

Quality Companies has announced John Clay Nunnally will move from his role as chief financial officer (CFO) to chief executive officer (CEO).Nunnally was previously CFO for Quality Companies and co-owner…

JOG Leads Study for Wider Greater Buchan Area Development

Credit; Jersey Oil and Gas

UK-Focused oil firm Jersey Oil & Gas will lead the study aimed at forming a hub to potentially develop oil discoveries made by several operators in the Greater Buchan Area in the UK…

Oil Giants Set Health Checks, Work-from-home Rules

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Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread and threatened…

UK Limits Travel to Offshore Platforms

(Photo: BP)

Britain's oil and gas sector association OGUK on Thursday banned people from traveling to offshore installations such as platforms if they have traveled to certain countries affected…

A&P Group Now Works on Renewables Only

Image: A&P Group

The global ship repair, conversion and fabrication specialist A&P Group is now using 100% renewable energy across all three of its facilities as it aims to improve its green credentials…

Archer Names New CEO, CFO

(Photo: Archer)

Oilfield services firm Archer announced Tuesday that Dag Skindlo will take over as the company's new Chief Executive Officer and that Espen Joranger will succeed Skindlo as Chief Financial…

Diamondback Cuts Drilling Activity as Oil Prices Tumble

© Alexey Zakirov / Adobe Stock

Diamondback Energy Inc said on Monday it was reducing drilling activity immediately, as the oil and gas producer tackles one of the steepest declines in oil prices in decades.Oil prices…

Taiwan Gets 1st Carbon Neutral LNG Shipment

Image: Shell

Taiwan accepted its first carbon neutral shipment of liquefied natural gas (LNG). State-owned CPC Corporation, a natural gas, and gasoline company in Taiwan announced receipt of LNG…