Leif Höegh & Co. (LHC) in a joint venture with Morgan Stanley Infrastructure Partners have made a 23.5 krone ($2.73) per share offer for Höegh LNG Holdings.
ExxonMobil’s Bulletwood-1 well offshore Guyana found reservoirs but no commercial hydrocarbons.
As expected, COVID wrought havoc with earnings, leaving ExxonMobil with an enterprise-wide return on capital employed of minus 9.5%. But the real story was not in the income statement; it was the estimate of oil reserves.
The U.S. oil and gas industry should embrace “huge opportunities” in producing and transporting hydrogen, with the potential for that cutting-edge energy source to fuel long-haul trucks and supply power globally, presidential climate envoy John Kerry said Tuesday.
The testing, inspection and certification firm at the centre of the north-east Brazilian Covid scare has spoken out about the unfolding health crisis.
Chevron has announced the launch of its $300 million Future Energy Fund II focused on technologies that have the potential to enable affordable, reliable, and ever-cleaner energy for all, it said.
Demand for LNG will continue rising, Shell expects, leading the company to warn of a supply shortage by the mid-decade.
Cheniere Energy has set out plans to provide greenhouse gas emissions data from its LNG cargoes as of 2022.
US President Joe Biden’s decision to cancel the Keystone XL pipeline is sparking renewed interest in shipping Canadian oil-sands crude by rail, and that comes with its own environmental risks.
London and Toronto-listed i3 Energy said today it expects to declare its maiden dividend during the current quarter.
Oil Search will start a 15% selldown process for its proposed 80,000 barrels of oil per day Pikka low emissions oil project in Alaska by April. Phase 1 of Pikka is expected to cost about $3 billion and produce oil at a break-even cost of supply less than $40 per barrel Brent, inclusive of a 10% return, reckons the Australian-based company.
BlackRock’s Global Energy & Power Infrastructure (GEPIF) will acquire all publically held shares of GasLog, taking the LNG carrier private.
An Aberdeen-based drilling contractor has launched a petition urging the UK Government to give oil workers returning from overseas a full quarantine exemption.
Shell has struck a deal to sell its Duvernay shale light oil assets in Alberta, Canada, to Crescent Point Energy for $707 million.
It may seem an unlikely link but advances in racing sails have given a team of marine robotics experts at Innovo inspiration in their quest to help reduce carbon emissions from some vital energy industry activities.
An Aberdeen-headquartered drilling equipment inspection and maintenance firm has expanded its US division, with bigger premises and the appointment of two Houston-based technical directors to manage its international operations.
Bahamas Petroleum Company (BPC) has said its Perseverance well struck oil, but not commercial volumes.
Equinor has reached a deal to sell its stakes in the Bakken field, onshore US, to Grayson Mill Energy, backed by EnCap Investments, for $900 million.
Investments by the world’s NOCs are incompatible with limiting climate change, according to new research published by the Natural Resource Governance Institute (NRGI).
Pipeline technology company Stats Group, of Kintore, has promoted two long-serving employees to senior executive positions.
The Guyana-Suriname basin is helping drive a “surge” of oil rig demand in South America, bucking the global trend of depressed activity, according to new analysis.
Argos, the second platform for the "super-giant" BP Mad Dog field in the Gulf of Mexico, has set sail from its manufacturing yard in South Korea.
The former boss of Malaysian national oil company (NOC) Petronas, Tan Sri Wan Zulkiflee, has joined ExxonMobil’s board of directors, in a move that has surprised some industry watchers.
Plexus CEO Ben van Bilderbeek is weighing fundraising options to “extend the runway” for the business, which has been faced with years of losses but may now be on the verge of success.
Sasol expects to post strong results for the second half of 2020, while adjusted EBITDA will drop by as much as 10%.