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Pacific National Capital 's Daily Oil & Gas News

Eni Gets New CFO
Francesco Gattei has become the new chief financial officer of Eni.

OGTC Launches Virtual Hackathon
The Oil & Gas Technology Centre has launched its first virtual hackathon event.

Oil Flat as OPEC Supply Offsets Economic Gains
Oil held near $41 a barrel in New York after the biggest gain in two weeks.

BP Cuts Dividend for First Time Since 2010
BP cut its dividend for the first time in a decade, removing a cornerstone of its investment case.

NEO Energy Wraps Up North Sea Total Deal
NEO Energy has completed the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from Total Oil UK Ltd and Total E&P North Sea UK Ltd.

Neptune Makes Largest 2020 Norway Discovery
Neptune Energy has announced the commercial discovery of oil at the Dugong well in the Norwegian sector of the North Sea.

Weatherford Remotely Installs Sakhalin Liner Hanger
Crew restrictions during the COVID-19 lockdown failed to stop the installation.

Stena Drilling Fleet Undergoes Upgrade
Above is a drone shot of the Stena IceMAX drillship. PHOTO SOURCE: Stena Drilling

Oil Prices Rise Amid Recovery Signs
Oil rose the most in nearly two weeks.

ExxonMobil Rips Up $30B Growth Plan
As recently as March, the Texas giant had pinned its future to huge capital spending on oil and natural gas.