Brookfield buying into Cove Point LNG
Brookfield Asset Management is to buy a 25% stake in Cove Point LNG for just over $2 billion in cash.
Americas
US energy secretary Rick Perry to step down, Trump says
US energy secretary Rick Perry will leave his job by the end of the year, President Donald Trump has said.
New boss to oversee EnerMech bid to double turnover in Americas
Aberdeen-headquartered EnerMech has appointed a new Americas chief as it seeks to double headcount and turnover in the region.
Kinder Morgan hails Elba LNG progress
Kinder Morgan’s Elba LNG plant is finally starting up, with one train producing and two more on the way.
SBM completes financing of FPSO for Exxon’s Liza field
SBM Offshore has completed financing of $1.14billion (£886m) to pay for the vessel which will serve ExxonMobil’s giant Liza field off Guyana.
Wood appoints new CEO for Americas business
Aberdeen-headquartered energy services firm Wood has appointed a new chief executive for its Americas business.
San Francisco terminal explosion: fuel burns as residents take shelter
An explosion and fire at a San Francisco-area fuel terminal spewed black smoke high in the air, snarling rush hour traffic and prompting local officials to ask residents to take shelter.
The FCPA on the rise: bribes, booms and bonuses
The US’ Foreign Corrupt Practices Act (FCPA) is the benchmark for anti-corruption efforts around the world but the ways in which it is being used are changing, as various countries work on their own efforts.
New study blames some Permian Basin earthquakes on fracking
A new study from the University of Texas at Austin is blaming hydraulic fracturing activity on some earthquakes in the Permian Basin of West Texas.
Tanker prices spike as sanctions bite
Tanker prices have rocketed over the last week, driven by US sanctions on various Chinese shippers, principally COSCO Dalian.
“Freedom gas” in Ukraine scrutinised amid US corruption allegations
The US has set out charges against two men, Lev Parnas and Igor Fruman. The two men, who were involved in schemes for LNG imports into Ukraine, are accused of violating campaign finance laws.
Don’t let Citgo ‘fall into Russian hands’, Ted Cruz tells Trump.
U.S. Sen. Ted Cruz and six other members of Congress are asking President Donald Trump to avoid a situation that could put the Houston refining company Citgo in Russian hands.
Aruba looks to Houston after ending refinery deal with Citgo
The Dutch Caribbean Island of Aruba is planning to look for new investors in Houston after negotiating an early end to a troubled contract with Citgo to restore and operate a long-idled refinery.
Demand overshadows risks
Oil price predictions always end in disaster but complacency in the market poses a number of risks, given global uncertainty.
BP’s Dudley comes out swinging for gas
BP’s outgoing CEO Bob Dudley gave a defence of natural gas as one part of the world’s future energy mix, at a conference in London.
Chevron announces new oil and gas emission reduction goals
Chevron said Thursday it will adopt new goals to reduce its greenhouse gas emissions from its oil and gas production by 2023.
Houston firm Classic Energy fined $1.5m for illegal trades
A Houston energy investment firm has been fined $1.5 million by the U.S. Commodity Futures Trading Commission for trading against its own customers.
Annova LNG lands $373 million tax abatement
Cameron County commissioners on Tuesday approved a $373 million tax abatement deal for Houston liquefied natural gas company Annova LNG to build an export terminal at the Port of Brownsville.
Linn Energy successor Roan Resources sold for $230 million
A successor of one of Houston's biggest bankruptcy collapses during the last oil bust is being sold for about $230 million.
Brazilian oil bonanza evades BP, but time remains
It was supposed to be BP’s big Brazilian breakthrough after years of setbacks in one of the world’s top destinations for offshore oil.
Drilling Down: New identity for BP in the shale fields
British oil major BP is drilling under a new name in Texas and Louisiana.
More than 100 oil spills detected off Brazilian coast this month
Brazil's main environmental agency said it has detected 105 crude oil spills from an undetermined source polluting the waters of the country's north east coast this month.
Inaugural event to focus on subsea and drilling in Brazil
A first of its kind event focussing solely on the subsea and drilling industries in Brazil is set to take place in Rio de Janeiro in November.
Total sets out cautious stance
Total’s investor presentation walked a fine line between commitments to new projects and steps to secure the confidence of investors.
KOGAS signs up US LNG supplies from BP
South Korea has struck a 15-year deal with BP for LNG supplies, covering 1.58 million tonnes per year.