Seadrill positive on offshore drilling outlook

 (OM) Seadrill has issued an update on is global offshore rig fleet. The benign environment semisub has started a program for Talos Production in the US Gulf of Mexico. West Tellus and the reactivated West Jupiter are both preparing to start contracts for Petrobras offshore Brazil. In the Norwegian sector, the harsh environment semisubs West Elara and West Phoenix are working respectively for... Continue Reading →

Exxon to Exit Equatorial Guinea

(Reuters) Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters.  The departure reflects a wider move by major oil producers to reduce crude production in West Africa and shift investments to lower-carbon natural... Continue Reading →

Energy trader Gunvor expands leadership team

(Reuters) - Geneva-based energy trader Gunvor Group has widened its executive committee to 14 people including its chief executive, reflecting the growing importance of gas trading for the firm, the company’s website showed on Thursday. The new members are Benoit Roulon, the new global head of crude oil trading; Richard Brockmeyer, head of North American... Continue Reading →

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