Volume 118, Issue 8b

Aug. 17, 2020 | Stationed at Petrobras-operated Berbigão field in 2,280 m of water about 230 km off Rio de Janeiro state, the P-68 floating production, storage, and offloading (FPSO) vessel processes up to 150,000 b/d of oil and 6 million cu m of gas from 10 production wells and seven injector wells in Berbigão and Sururu fields. Photo from Petrobras.

Digital Edition

OGJ Newsletter

Aug. 17, 2020

GENERAL INTEREST Quick Takes Opedal to succeed Sætre as Equinor president, CEO Equinor has appointed Anders Opedal as president and chief executive officer, effective Nov. 2, ...

General Interest

Oil industry job losses probably reach 100,000, analyst says

Aug. 17, 2020

Job losses have mounted rapidly in the oil and gas industry, with more expected, as a combination of low prices and reduced demand have led to spending cuts for operations and...

General Interest

EIA revises up 2020 oil price forecasts on larger forecast stock draws

Aug. 17, 2020

In its August Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts Brent crude oil spot prices will average $41/bbl in 2020 and $50/bbl in...

General Interest

Libya’s oil blockade expected to persist

Aug. 17, 2020

Libya’s oil blockade is entering its 7th month and the war-torn country’s oil output is hovering at just 100,000 b/d instead of the pre-crisis 1.2 million b/d. Without a peaceful...

General Interest

BP reports Q2 net loss of $16.8 billion on huge impairments, dividend halved

Aug. 17, 2020

BP reported a net loss of $16.8 billion for the second quarter of 2020, compared with a profit of $1.8 billion for the same period a year earlier. The current quarter’s loss includes...

More content from Volume 118, Issue 8b

General Interest

Uzbekistan advances modernization of Fergana refinery

Aug. 17, 2020

Fergana Oil Refinery LLC (FNPZ)—now under the trust management of Jizzakh Petroleum JV LLC, a joint venture of JSC Uzbekneftegaz and Gazprom International SA subsidiary Gas Project...

General Interest

TC Energy net income up 18%, boosted by Coastal GasLink sale

Aug. 17, 2020

TC Energy Corp. had second-quarter 2020 net income of $1.3 billion, compared with net income of $1.1 billion for the same period in 2019. The company continued to advance $37 ...

General Interest

Noble Energy posts second quarter loss of $408 million

Aug. 17, 2020

Noble Energy Inc. posted a second-quarter 2020 net loss of $408 million. Excluding items impacting comparability, the company generated adjusted net loss for the quarter of $114...

General Interest

North Sea discovery proves oil in Viking, Brent groups of Dugong prospect

Aug. 17, 2020

Neptune Energy Norge AS, operator of the Dugong prospect in the North Sea, will consider tie-in of an oil discovery in the Rannoch and Draupne formations near Snorre field. The...

General Interest

Rompetrol Rafinare wraps delayed coker project at Petromidia refinery

Aug. 17, 2020

Rompetrol Rafinare SA—jointly owned by Kazakhstan’s state-owned KazMunaiGas subsidiary KMG International Group 54.63% and Romania’s Ministry of Economy, Energy & Business Environment...

General Interest

Oxy posts Q2 net loss of $8.4 billion with impairments of $6.6 billion

Aug. 17, 2020

Occidental Petroleum Corp. had a net loss attributable to common stockholders for second-quarter 2020 of $8.4 billion and an adjusted loss attributable to common stockholders ...

General Interest

North Carolina rejects Southgate gas pipeline project because Mountain Valley Pipeline stalled

Aug. 17, 2020

The North Carolina Department of Environmental Quality has denied a Clean Water Act approval for the 75-mile Southgate extension of the Mountain Valley Pipeline (MVP) natural ...