http://www.worldoil.com WorldOil Exxon shortlists bidders for Malaysian assets valued at up to $3 billion https://www.worldoil.com/news/2020/9/25/exxon-shortlists-bidders-for-malaysian-assets-valued-at-up-to-3-billion The U.S. oil major’s assets in Malaysia include a 30% stake in the offshore Tapis Blend operations, which produce a low-sulfur crude that was once a benchmark for Asian oil refiners. The production sharing contracts cover 2.4 million acres offshore and have exploration and production terms ranging up to 38 years, Exxon said in a filing in 2019. OGUK welcomes job support plan, says green recovery focus must continue https://www.worldoil.com/news/2020/9/25/oguk-welcomes-job-support-plan-says-green-recovery-focus-must-continue The leading representative for the UK’s offshore oil and gas industry has initially welcomed the winter economy plans announced by the Chancellor, noting it will seek further information on the details of the proposals in the coming days. CGG commences second phase of largest OBN multi-client survey in UK CNS https://www.worldoil.com/news/2020/9/25/cgg-commences-second-phase-of-largest-obn-multi-client-survey-in-uk-cns CGG announced completion of the first phase of its multi-year program to deliver the largest OBN multi-client survey ever acquired in the UK Central North Sea and immediate commencement of the second acquisition phase. New Mexico shale drillers brace for impact of a possible Joe Biden victory https://www.worldoil.com/news/2020/9/25/new-mexico-shale-drillers-brace-for-impact-of-a-possible-joe-biden-victory The Permian in New Mexico, unlike in Texas, lies largely on federal land. And Biden, the Democratic candidate for president, has promised to ban new fracing on federal land on “day one” if elected. Newfoundland and Labrador premier announces new offshore exploration incentives https://www.worldoil.com/news/2020/9/24/newfoundland-and-labrador-premier-announces-new-offshore-exploration-incentives The Government of Newfoundland and Labrador announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects. BP stock hits 25-year low a week after its new climate strategy debuts https://www.worldoil.com/news/2020/9/24/bp-stock-hits-25-year-low-a-week-after-its-new-climate-strategy-debuts Chief Executive Officer Bernard Looney and his new management team gave more than 10 hours of presentations over three days last week, in a bid to show the world that the oil and gas giant could adapt to a low-carbon future without sacrificing returns. Weatherford, Safe Influx sign MOU for automated well control technology https://www.worldoil.com/news/2020/9/24/weatherford-safe-influx-sign-mou-for-automated-well-control-technology Under the MoU, the companies will cooperate globally to focus on revolutionizing well integrity during the construction phase by bringing to market the first ever integration of Managed Pressure Drilling (MPD) solutions and Automated Well Control technology. California unilaterally bans sale of new gasoline cars after 2035 https://www.worldoil.com/news/2020/9/24/california-unilaterally-bans-sale-of-new-gasoline-cars-after-2035 On September 23rd, Governor Gavin Newsom ordered regulators to phase out the internal combustion engine and ban the sale of all new gasoline-fueled cars after 2035. With that, California became the first state in America to impose such a prohibition and delivered the biggest jolt yet to automakers already under pressure to give up fossil fuels and deliver a new generation of electric vehicles. Dallas Fed sees the U.S. oil industry prioritizing output over debt https://www.worldoil.com/news/2020/9/24/dallas-fed-sees-the-us-oil-industry-prioritizing-output-over-debt After all the trauma the U.S. oil industry has been through this year -- from production cuts to mass layoffs and a string of bankruptcies -- many producers say they’re still prioritizing output over reducing debt. Texas oil regulator exceeds state’s annual goal for plugging abandoned wells https://www.worldoil.com/news/2020/9/23/texas-oil-regulator-exceeds-state-s-annual-goal-for-plugging-abandoned-wells For the fourth straight year the Railroad Commission of Texas has exceeded its performance target of plugging abandoned oil and gas wells throughout the state. With the fiscal year ending on Aug. 31, the agency plugged 1,477 orphan wells in Fiscal Year 2020, which exceeded the target of 1,400 set by the Legislature. Neptune Energy commences subsea construction on Seagull project https://www.worldoil.com/news/2020/9/23/neptune-energy-commences-subsea-construction-on-seagull-project Neptune Energy and its joint venture partners BP and JAPEX announced the beginning of the subsea construction phase of the Seagull tie-back project.