Chevron authorises Anchor project in Gulf with $5.7bn initial investment
Chevron will move forward with the massive Anchor project in the deepwater Gulf of Mexico that carries an initial development cost of $5.7 billion.
Americas
Hilcorp partners with Doyon for Alaska growth
The rapid growth of Houston's Hilcorp in Alaska is continuing via a new partnership with a regional Alaska Native company to explore and drill on its land.
Talos Energy spends $640m on new deals to expand in US Gulf of Mexico
Talos Energy has struck a number of deals worth $640m (£488m) to expand its footprint in the US Gulf of Mexico.
US wind power reaches 100GW milestone
The nation has reached a milestone of 100 gigawatts of installed wind energy capacity, with more than half of that installed in the past seven years, according to the Department of Energy.
Next US President should ‘halt’ oil and gas subsidies, Bloomberg says
American billionaire and Democratic presidential contender Michael Bloomberg has said the next US leader should halt fossil fuel subsidies altogether.
Mexico’s giant oil discovery no silver bullet for ailing Pemex
Even as Mexico’s president and Petroleos Mexicanos’s CEO touted the country’s most important find in three decades, it appears to be far from a panacea for the beleaguered state driller.
Guyana must roll out sovereign wealth fund as soon as possible
When analysing Guyana’s production sharing agreements (PSAs), it is important not to be misled by statements comparing Guyana’s 2% royalty with higher royalties in other countries (set on average at about 10%-15%).
Halliburton to lay off dozens in California
Houston oilfield service giant Halliburton is laying off dozens of employees in California amid an ongoing slump in drilling and completion activity in the United States and Canada.
Petrobras sharpens deepwater focus in quest for value
Petrobras is in a state of transformation, company officials said at a press conference in London, with an eye on selling down assets and tackling debt – in tandem with major expansion plans.
Boustani beats Mozambique charges in US court
Privinvest’s Jean Boustani has been cleared of three charges, centred on alleged Mozambique corruption, by a New York court.
Brazil-based partner chosen for Deep Casing Tools
Oilfield technology firm Deep Casing Tools (DCT), of Aberdeen, said yesterday it had appointed a Brazil-based partner to help it win orders in South America.
US rig count dips ahead of traditional holiday slump
The number of active drilling rigs in the United States dipped just ahead of the holidays, a time when exploration and production companies traditionally start to wind down activity.
Ex-Petrobras trader ‘Phil Collins’ claims he was bribed by Vitol
A former Petroleo Brasileiro SA oil trader who went by the code name “Phil Collins” told a Brazilian judge he received bribes from Vitol Group to favor the firm in contracts with the crude producer, court documents show.
Another record year expected for Gulf of Mexico oil production
The U.S. Gulf of Mexico is expected to set another oil production record in 2020 with most of the growth coming from deepwater projects, according to a new study.
FERC approves four LNG export plans
The US’ Federal Energy Regulatory Commission (FERC) has approved four LNG export plans, three of which are located in Texas’ Brownsville Ship Channel.
US officials approve permits for four LNG export projects in Texas
Federal officials have approved permits for three new liquefied natural gas export terminals in the Rio Grande Valley and the expansion of another in Corpus Christi.
Avenir, Golar Power team up for small-scale Brazilian LNG
Avenir has set out a planned entry into a second country, Brazil, under a small-scale LNG delivery scheme with Golar Power.
Petrobras set to become world’s largest oil producer
Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts.
Churchill’s small company advantage
Nimbleness and responsiveness to client needs are seen as at the heart of Churchill Drilling Tool’s appeal to operators seeking downhole circulation support, the company’s manager for the Middle East and Asia Nicholas Kjaer has said.
National Grid ‘confident’ issues with New York governor can be resolved
National Grid is confident it can resolve issues in the US after the governor of New York threatened to revoke its gas licence.
Icahn says Occidental won’t hit target without ‘fire sale’
Activist investor Carl Icahn said Occidental Petroleum Corp.’s new target for assets sales won’t be achieved without a “fire sale” that includes its pipeline system, Western Midstream Partners LP, which was already shopped to potential buyers earlier this year.
Maersk Drilling wins £30.3m Caribbean contract with Shell
Maersk Drilling has won a £30.3million contract for work in the Caribbean with a subsidiary of energy giant Shell.
Second failed Brazil oil auction has officials attacking rules
Brazil had its second failed oil auction in two days, prompting government officials and the head of the state-run producer to criticize bidding rules.
US eyes exports of coal, LNG to Africa
The US is eager to export LNG and coal to African states, US Assistant Secretary for Fossil Energy Steven Winberg told the Africa Oil Week conference.
Permian flaring spikes to new record highs again
The waste and pollution of natural gas in the Permian Basin reached new record highs yet again in the third quarter, according to a report from the Norwegian research firm Rystad Energy.