Angola Helicopter Crash.?I start the day with a heavy heart. At least four of our brothers were killed on their way to the Tombua-Landana offshore platform.?R.I.P.
ATCE in Dubai Starts.?ADNOC hosts SPE and over 8,000 professionals in the Dubai World Trade Centre. In ATCE’s 92nd year, this year is the first time the Middle East is hosting. Oilpro Staff highlight the?important trends?discussed.
Hurricane by the Weekend.?The Gulf of Mexico is now on high alert.?97L has a strong chance of becoming a hurricane?over the weekend. The storm will head directly south of Cuba and north of Mexico into the GOM. If you live on the Gulf Coast, start getting ready now — not later.
Norway Blocking Russia Asset Swap.?While this is a deal between Austrian-based OMV and Russia’s Gazprom, the swap includes Norwegian assets in the North Sea. Norway and Russia have been bumping heads (and planes) over the Baltic for the last few years making them?unlikely bed-buddies.
Strike Backfires Offshore Norway.?Several oilfield service companies?laid off 350 workers?after IE crippled drilling operations with a strike. No winners here — only losers.
Biofuel for Aviation??The EU heads down the path of converting one of the largest consumers of hydrocarbons, airliners, into biofuel junkies.?That is a lot of algae. Talk about thinking long-term … won’t happen in our life times.
U.S. Draws Down on Inventory.?Despite all the?renewables-drum-banging, the U.S. Still?consumes petroleum at a rapacious rate. Unsolicited business advice: Beware of lane switching during oil downturns. The slow lane will eventually become the fast lane.
Nigerian Assets For Sale.?Come one, come all.?Nigeria is having a fire sale. To offset the fact that many companies have been hosed by Nigeria, President Buhari is offering advanced payments. In Texas they call this “cash on the barrel head”.
PDVSA Fights for Financial Survival.?When you have no money and you need money, what do you do? Get a loan. Venezuela is?sweetening the pot for a bond swap. The bottom line is PDVSA is forced to play nice if they ever want another international dollar.
Just North, PEMEX looks for cash as well.?Global oil majors are expected to bid in the December auction to help Pemex develop the Trion light oil field in the Perdido Fold Belt, a key stage in the government’s drive to open up Mexico’s oil industry to private investment.
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