WorldOil Maersk Drilling targets 50% CO2 emissions reduction by 2030 Maersk Drilling has set an ambitious target of lowering the intensity of CO2 emissions from its drilling operations by 50% by 2030. The target is supported by Maersk Drilling’s strategic focus on efficiency gains, which also leads to reduced CO2 emissions. U.S. looks to close liability loopholes for bankrupt offshore oil producers The Interior Department is proposing rules to strengthen the issuance criteria after companies have filed for Chapter 11 and escaped financial obligations to cap their non-producing wells, said Walter Cruickshank, acting director of the department’s Bureau of Ocean Energy Management. Ecopetrol implements Tenaris Rig Direct digital integration portal Tenaris has become the first Ecopetrol supplier to implement a full digital integration project, merging the information systems of both companies to enhance supply operations and improve efficiency. Biden won’t ban fracing – he’ll outlaw most U.S. drilling instead In a local Philadelphia TV interview, Democratic nominee Joe Biden told reporters “I will not ban fracing.” He failed to mention that his climate plan’s ban on drilling on federal property would go much further than a simple frac ban. Are the oil industry's opportunities for post-coronavirus recovery dwindling in North America? In this week's podcast, World Oil editors discuss how legislative activities, a smaller labor pool, and harsh economic realities are impacting options for oil and gas sector growth in North America's post-coronavirus economy. Proposed federal land lease ban hits Wyoming hardest, new analysis shows Wyoming, which accounts for 38 percent of federal onshore natural gas production and 16 percent of oil production, is projected to be among the states hardest hit, standing to lose more than 33,000 jobs and putting $640 million in state federal revenue sharing at risk. PESA says oilfield job losses exceed 100,000, but layoff rates are slowing The monthly Oilfield Services and Equipment Employment Report, compiled and published by the Petroleum Equipment and Services Association, shows total job losses due to pandemic-related demand destruction reached 103,420 in August. OFS employment is down more than 121,000 jobs since August 2019 and is at its lowest point since March 2017. Activist investor seeks to break up Noble Energy’s sale to Chevron Activist investor Elliott Management Corp. plans to push for Noble Energy Inc. to abandon its plans to sell itself to Chevron Corp., arguing the deal undervalues the oil and gas producer, according to people familiar with the matter. Trump extends Florida’s offshore drilling ban President Donald Trump endorsed an extended ban on offshore oil development on Florida’s western coast as he courts voters worried that drilling imperils the state’s beaches and tourism-based economy. Hess strikes deepwater oil offshore Guyana Hess Corporation announced another oil discovery offshore Guyana at the Redtail-1 well, the 18th discovery on the Stabroek Block, which will add to the previously announced gross discovered recoverable resource estimate for the block of more than 8 billion barrels of oil equivalent.