BP welcomes huge platform for Mad Dog 2 project to Texas
The Argos platform for the BP-operated $9 billion Mad Dog 2 project has arrived in the US after completing its 16,000-mile journey from South Korea.
Americas
Fire raging at China field owned by CNOOC and ConocoPhillips
Three crew members are missing following a well blowout and fire at an oil production platform in the Bohai Sea in northeastern China earlier this week that stopped operations at one of the country’s largest oil fields.
Chevron signs first Japan LNG deal since 2013
Chevron will supply liquefied natural gas (LNG) to Japan’s Hokkaido Gas for five years starting April 2022 under a new deal.
Pioneer to buy DoublePoint in $6.4bn Permian deal
Pioneer Natural Resources Co. is buying DoublePoint Energy LLC in a deal valued at $6.4 billion, less than three months after completing its purchase of fellow shale driller Parsley Energy Inc. as it expands in the U.S. Permian Basin.
Exxon sees up to $800million earnings hit from Texas freeze
Exxon Mobil Corp. expects first-quarter earnings to be reduced by as much as $800 million due to the deep freeze that plunged Texas into darkness last month.
Worley wins Cheniere LNG work
Cheniere Energy has awarded a number of master service agreements to Worley, for work on LNG facilities on the US’ Gulf Coast.
Singapore hands ExxonMobil LNG import rights
Singapore’s Energy Market Authority (EMA) has awarded ExxonMobil and Sembcorp Fuels the right to import liquefied natural gas (LNG) as pipeline supplies dwindle.
First oil shipment from Guyana to India sets sail
The first shipment from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from the South American nation in a ship chartered by trader Trafigura, data from Refinitiv Eikon showed on Tuesday.
Annova LNG scraps Brownsville plan
Annova LNG has scrapped its plans for an LNG export facility in Brownsville, in Texas.
SEC gets tough with Conoco, Occidental on climate, report says
The U.S. Securities and Exchange Commission has told ConocoPhillips and Occidental Petroleum to hold shareholder votes on new emissions targets, Financial Times reported, citing a letter the SEC sent to ConocoPhillips that the publication has seen.
Petronas successfully prices a $600 million bond offering
Malaysian national oil company Petronas has successfully priced a $600 million single tranche seven-year note.
Exxon says activist plan is threat to cash flow, dividend
Exxon Mobil said proposals put forth by an activist investor pushing for changes at the oil giant threaten future cash flows and the sustainability of its dividend.
New Fortress pulls trigger on floating LNG plan
New Fortress Energy has taken a final investment decision (FID) on its Fast LNG plan.
Keppel delivers small-scale LNG carrier
Singapore’s Keppel Offshore & Marine (Keppel O&M) has delivered its second newbuild liquefied natural gas (LNG) carrier to small-scale integrated supplier Avenir LNG.
Qatar signs on to cut LNG carrier costs
Qatar Petroleum (QP) has signed a deal backing LNT Marine's LNG containment system for new medium and large LNG carriers.
Apache and Total put breaks on Suriname drilling due to high pressure
Apache and Total have halted drilling on the Keskesi East-1 discovery well off Suriname due to “substantial pressure increases”.
Leif Höegh, Morgan Stanley team up to buy Höegh LNG
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.
Bulletwood fails to land for Exxon
ExxonMobil’s Bulletwood-1 well offshore Guyana found reservoirs but no commercial hydrocarbons.
Big question marks over ExxonMobil’s reserves
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.
Hydrogen is ‘jump ball’ in global clean-energy race, Kerry says
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.
Firm at centre of north-east Brazilian Covid scare speaks out
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 starts $300m fund for low-carbon innovation
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.
Shell warns of LNG under-investment
Demand for LNG will continue rising, Shell expects, leading the company to warn of a supply shortage by the mid-decade.
Cheniere aims for carbon accountability on LNG cargos
Cheniere Energy has set out plans to provide greenhouse gas emissions data from its LNG cargoes as of 2022.
Death of Keystone XL sparks rush to ship oil-sands crude by rail
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.