Exxon strikes $750m deal with BKV for Barnett Shale assets
ExxonMobil has signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas.
Americas
Worley secures services contract for Shell’s Gulf of Mexico assets
Engineering giant Worley has been awarded a three-year engineering and procurement (EP) services contract by Shell to support five of its assets in the US Gulf of Mexico.
US to ease sanctions on Venezuela, enabling cargoes to Europe
The Biden administration plans to ease sanctions on Venezuelan oil in a bid to bring more of the country’s crude to Europe.
Ballymore: Chevron sanctions $1.6 billion Gulf of Mexico project
Chevron has sanctioned the Ballymore development, a 150 million-barrel oil field in the US Gulf of Mexico.
Offshore rig day rates heading for highest level in ‘almost a decade’
The offshore drilling rig market is “much tighter” than previously thought, according to new analysis, with some segments “nearly sold-out”.
Weatherford CFO to step down
The chief financial officer (CFO) of oilfield services giant Weatherford will leave the company at the end of July.
Shell joins Exxon with $1 billion Brazil exploration setback
Expensive offshore exploration setbacks for international oil majors including Shell and Exxon Mobil are throwing cold water on their plans to turn Brazil into a profit center.
Malaysia’s Petronas signs up for long-term US LNG supply
US liquefied natural gas (LNG) developer Venture Global will supply Malaysia’s Petronas with 1 million tonnes per year (t/y) of LNG for a 20-year term after the pair signed a new deal. Significantly, Asian LNG buyers, such as Petronas, are increasingly locking in new long-term supplies as more European buyers enter the race for LNG.
Subsea 7 scoops contract with BP for work offshore Trinidad and Tobago
Energy services giant Subsea 7 has bagged a multi-million pound contract for work in the Caribbean.
Exxon signs up for Venture Global LNG supplies
Venture Global LNG has signed up to provide ExxonMobil’s Asian unit with 2 million tonnes per year of LNG.
Pantheon plans out its next steps in Alaska
Pantheon Resources has a multi-billion barrel resource in the occasionally iced over state of Alaska, the company reckons. It will put the theory to the test this summer.
Operators to retain whip hand in dayrate negotiations, Westwood projects
Westwood Global Energy Group expects rig demand to increase around the world but with no rapid increase in dayrates.
Petrofac lands ‘sizeable decommissioning’ contract offshore Gulf of Mexico
Energy services giant Petrofac (LON: PFC) and Promethean Decommissioning Company (PDC) have formed an alliance to decommission three fields offshore Gulf of Mexico.
Canada’s love-hate relationship with oil and gas
Canada has energy resources of a scale that its neighbour next door covets and guzzles with abandon. There is a great deal of mutual cross-border dependence but it wasn’t always that way.
US states take aim at “woke” financing
Ask an oil company what the problem with the industry is these days and high up on the list will be complaints about a shortage of financing. People point the finger of blame at a variety of related factors such as a new craze for ESG, environmentalists, the government and the left.
‘It’s Ms Watkins’: Shell USA president hits out at gender bias in Congress hearing
The president of Shell USA has hit out at gender bias she experienced during a hearing in Congress with male peers.
Helix using North Sea expertise to deliver decom on both sides of the pond
With a foot on either side of the Atlantic, Helix Energy Solutions has a good vantage point from which to cast a view across the global oil and gas market.
French ban on US LNG reverses with Engie deal
Engie has signed a 15-year sale and purchase agreement for buy US LNG, reversing France’s implicit ban on shale gas supplies.
China buyers hungry for US LNG as European demand set to surge
Russia’s invasion of Ukraine seems to have jolted China based buyers of liquefied natural gas (LNG) into signing more deals with US-based LNG export developments as global competition for the fuel surges.
Europe’s Engie buys more US LNG with green credentials
French utility Engie has agreed to buy liquefied natural gas from NextDecade Corp. after the US exporter committed to slash most of the emissions associated with a proposed terminal in Texas.
Gulf of Mexico oil drilling makes too-little, too-late comeback
A new wave of oil platforms is sweeping into the US Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.
Bigger in Texas: Can Aberdeen learn from Houston on energy transition?
If Aberdeen is the “oil and gas capital of Europe”, Houston is surely the global hub – and the pair’s respective energy transition journeys are “almost an exact correlation” of each other.
Ace Winches unveils plans to open new base in Houston
Aberdeenshire-based Ace Winches has unveiled ambitious plans to invest £5.2 million with the opening of a new facility in Houston.
Standard Chartered under fire over Mozambique LNG emissions
Projects backed by Standard Chartered in 2021 will emit 2.3 billion tonnes of CO2 over their lifespan, with Mozambique LNG to play a major part in this.
11 billion barrels: ExxonMobil boosts Guyana numbers with trio of discoveries
ExxonMobil has made a trio of new discoveries offshore Guyana, boosting recoverable resources from the prolific Stabroek Block to nearly 11 billion barrels of oil equivalent.