WorldOil Total and Papua New Guinea government remobilizing, planning Papua LNG project France-based oil company Total and the government of Papa New Guinea announced the remobilization of the Papua LNG project after a year of delay caused by the Covid-19 pandemic. Total sells offshore Brunei interest to Shell Total has signed an agreement to sell wholly owned subsidiary Total EandP Deep Offshore Borneo BV — which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei — to Shell1 for $300 million. Seadrill signs new JV with Sonangol, Angola Seadrill Limited has announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P. Halliburton President and CEO Jeff Miller appointed as chairman of the board Halliburton Company has announced its board of directors has appointed Jeff Miller, the company’s president and CEO, as chairman of the board, effective Jan. 1, 2019. OEG Offshore expands market with New Zealand partnership OEG Offshore has appointed Kingston Catering and Providoring Co. Ltd. based in New Zealand, as local partner to expand and support customer operations in New Zealand. World Oil anticipates a drilling recovery after the oil price decline HOUSTON -- The oil and gas industry’s leading magazine for upstream technology and activity, World Oil, forecasts a sharp drop in drilling, both in the U.S. and internationally, as a direct result of plunging crude oil prices. In its 89th annual forecast and review, World Oil predicts an average WTI oil price of $55.75/barrel (bbl), while Brent will be $58.80/bbl. A Henry Hub natural gas price of $3.35/MMBtu is expected.