WorldOil Canadian trade group says the offshore industry is still waiting for promised assistance A month after Natural Resources Canada Minister Seamus O’Regan said an announcement was coming “very soon,” the offshore oil and gas industry is still waiting for assistance to help it recover from COVID-19 and remain globally competitive. Neptune Energy confirms hydrocarbon discovery at Dugong well Neptune Energy and its partners announced the discovery of hydrocarbons at the Dugong well (PL 882) in the Norwegian sector of the North Sea. Venezuelan oil output falls 32% in June as foreign buyers cancel cargoes Crude production in Venezuela tumbled for a sixth straight month in June, underscoring the dismal state of the nation’s oil industry as U.S. sanctions batter exports and the coronavirus pummels demand. Oil prices resume climb on positive U.S. jobs report Oil kept up its positive momentum going into the U.S. holiday weekend, cheered by signs the world’s biggest economy is recovering from coronavirus-related lockdowns, even as fears linger over a resurgence. Coronavirus impact pushes Exxon to an unprecedented quarterly loss Exxon Mobil incurred an unprecedented second straight quarterly loss as almost every facet of the oil giant’s business slumped amid Covid-19 lockdowns that stunted economic activity. African Energy Chamber says European travel bans impact oilfield safety and productivity The African Energy Chamber said the continuation of travel restrictions and suspension of visas and travel between Africa and Europe is heavily restraining the oil and gas industry’s recovery efforts. SeaFlo training programs expedite knowledge transfer, supporting offshore recovery SeaFlo Consultancy Ltd has invested more than £250,000 to develop a new dynamic marine and subsea training capability supported by state-of-the-art mobile simulators. OPEC cuts production to 1991 levels in bid to revive oil demand OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand again. Citigroup says oil demand will never reach pre-pandemic levels Demand growth for refined oil products will never return to the levels it reached before the coronavirus outbreak, Citigroup said. Neptune Energy awards remote monitoring contract to Fugro Neptune Energy announced the award of a subsea inspection contract to leading geo-data specialist, Fugro, which will employ state-of-the-art remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea. CGG GeoSoftware and Alibaba Cloud collaborate to support the EandP industry with cloud geoscience technologies Alibaba Cloud, the data intelligence backbone of Alibaba Group, is the third largest cloud service provider in the world, and holds the number one market share position in Asia Pacific, according to Gartner, a leading research and advisory company.