1. Schlumberger will not apply for Iraqi Kurdistan oil bidding
Schlumberger Ltd., a US energy company, recently said that it would not apply for any bidding in the oil and gas field in the Kurdistan Region of Iraq without Baghdad’s consent.
In February this year, the Iraqi Federal Supreme Court ruled that Kurdistan’s laws regulating its oil and gas industry were unconstitutional.
2. Chevron plans to sell its California Campus and relocate some of its employees to Texas
Chevron, the second largest oil exploration company in the United States, plans to sell its park in the San Francisco Bay area and let its employees choose to move to Houston.
Chevron already has its largest business in the United States in downtown Houston. It occupies the old building of Enron and, following the example of caterpillar, Tesla and Oracle, moves a large number of employees to this “Lone Star State”.
3. Equinor was granted drilling license for well pl943 6607/12-5
Norwegian oil and gas giant equinor has recently obtained the drilling license for 6607/12-5 from the Norwegian Petroleum Authority (NPD), and the drilling operation is expected to start in August 2022.
The well belongs to the exploration well under the drilling 943 production license, which was granted on march2,2018 and is valid until march2,2025.
Equinor is the operator of the license, with a 30% ownership interest. Other licensees include dno Norge (30%), sval energi (30%) and Aker BP (10%).
4. Oil giant warns UK windfall profits tax will damage investment in North Sea
The UK offshore energy alliance (oeuk) represents 400 companies involved in the offshore oil, gas and wind industries. The agency said last Thursday that representatives of oil companies operating in the North Sea, including shell, BP and equinor, warned British Chancellor of the exchequer riishi sunak at the meeting held that day that the new energy windfall profits tax would undermine the authorities’ efforts to attract investment and might slow down investment in new oil and gas production in the basin.
At the end of last month, the British authorities announced that they would impose a 25% energy profits tax (windfall profits tax) on oil and gas producers in the North Sea, which would be used to alleviate the pressure on residents with tight living standards.
Post time: Jul-04-2022