9月20日油气行业十大新闻

Lundin Gets Nod to Drill Baby, Drill. Norway’s safety patrol group (PSA) allows people to work and rigs to drill. OffshoreEnergyToday.com makes top of the list on Oilpro.

Petrobras will only cut biz plan by $74 billion. 25% feels like a weak cut in a world floating in oil. But then again, Petrobras should probably cut less than everyone else given their entire economy depends on oil and bribes.

India to Buy Iran Oil for Emergencies. India builds strategic reserves preparing for Armageddon. Based on the Indians ability to negotiate (i.e. – they are really cheap) and their position as the No. 3 importer in the world, they likely paid $5 per barrel.

Petrofac denies plans to exit. Petrofac is remaining tight-lipped on reports it plans to leave Tunisia if protests over jobs continue, according to reports. Nobody believes said rumors.

Paragon Offshore Fleet Update. Paragon lands some North Sea work. Rig contact awards? Wait, rig stacking in the report too.

Trans Adriatic Pipeline Advances. 17km line of pipes were strung and 5km welded along the pipeline route on the journey to connect the Capsian Sea to Europe. Well done boys. Keep up the good work.

Farstad Shipping Reduces Souls Onboard. Indicative of other layoffs, Farstad lays off half of there already small crew. Wanting to stay positive here but half of half of half of half is a small number.

Oil Drops as OPEC Deal Fades. When will the market learn? Someone has to be making bank on these price swings. WSJ digs into daily details. Cramer even laughing at traders.

News Everyone Else Posted Weeks Ago. FuelFix reports that oil discoveries are at there lowest ever. Really? How did this happen? WoodMac believes oil volumes dropping are a concern, but they are wrong. That is a good thing.

Oilfield Workers Rejoice. While unemployed and trained in a skill that nobody needs, oil workers realize that in bankruptcy creditors are still not allowed to eat them.