Seadrill bags two contracts worth £412m for work in Brazil
Offshore drilling firm Seadrill has today announced that it has secured two contracts with Petrobras for work on the Buzios field, off Brazil.
Americas
Out in front and alone, Cold Bore liberates completions data
The hydrocarbon industry was one sceptical of change but a trio of price crashes, a pandemic and a swing from negative oil prices to positive has made companies more open to change.
Cheniere seals another long-term LNG supply deal with China
US-based Cheniere Energy (NYSE:LNG) will supply 0.3 million tonnes per year of liquefied natural gas (LNG) to China for 20 years starting in January 2023 after signing a deal with Foran Energy Group.
Woodfibre LNG strikes delayed deal with McDermott
Woodfibre LNG has signed an engineering, procurement, fabrication and construction (EPFC) contract with McDermott International.
Saipem wins £700 million contract with Petrobras for work offshore Brazil
Saipem has secured a contract with Petrobras worth around £700 million for work offshore Brazil.
Stena signs up to drill Exxon well off Canada
ExxonMobil Canada has signed a contract for the Stena Forth to drill one well offshore Canada in the second half of 2022.
Oil firms spend $192million on Biden’s first – perhaps last – Gulf of Mexico auction
Oil companies spent $191.7 million buying drilling rights in the Gulf of Mexico on Wednesday, during a robust government auction that underscored the industry’s appetite for new crude as the White House seeks to shifts the US away from fossil fuels.
McDermott gives Inpex’s Ichthys LNG a boost after EPC win
McDermott will provide engineering, procurement and construction (EPC) services for a booster compression platform at the Inpex-operated Ichthys liquefied natural gas (LNG) project in Australia.
Biden calls for major oil reserve sales, but in Asia, that’s not so easy
Dwindling inventories and concerns over energy security in key Asian economies may hamstring US efforts to arrange for a sizeable and coordinated release of strategic crude reserves in a bid to rein in prices and tackle inflation.
ExxonMobil bids for Gulf of Mexico leases ahead of carbon capture plans
ExxonMobil submitted bids for 94 drilling leases in shallow waters near the Texas coastline, an apparent step forward for a giant proposed carbon-capture project close to Houston’s industrial corridor.
Biden – yes, Biden – is offering oil companies leases to drill in the Gulf of Mexico
The Biden administration is selling drilling rights across the Gulf of Mexico on Wednesday in an auction that will test the oil industry’s appetite amid White House efforts to shift away from fossil fuels.
World first as emissions free electricity, generated using natural gas, is fed into the grid
Emissions free electricity, generated using natural gas, has been exported onto the grid for the “first time anywhere in the world”.
SBM Offshore wins ExxonMobil FPSO order for Yellowtail off Guyana
SBM Offshore (AMS: SBMO) has won an order for an FPSO at the Yellowtail development for ExxonMobil.
Inpex and Shell’s Abadi faces more headwinds as US LNG muscles in
Inpex’s (TYO:1605) proposed Abadi liquefied natural gas (LNG) plant in the Masela Block offshore Indonesia, which has long struggled to gain traction, is looking increasingly unlikely to be developed, especially as another wave of US LNG projects looms large.
TechnipFMC wins large contract with ExxonMobil for work off Guyana
TechnipFMC (NYSE: FTI) (PARIS: FTI) has bagged a major contract with ExxonMobil (NYSE: XOM) for work in the Stabroek block, offshore Guyana.
China hungry for more US LNG deals
China, which has overtaken Japan as the world’s largest buyer of liquefied natural gas (LNG), needs more supply deals to meet surging domestic gas demand. This offers US exporters, such as Cheniere (NYSE:LNG), a significant opportunity, especially as trade tensions ease.
Japan’s JERA buys $2.5bn stake in US LNG
Japan's JERA, the world's largest individual buyer of liquefied natural gas (LNG), said today that it will buy a 25.7% interest in Freeport LNG Development in the US for about $2.5 billion as it races to secure LNG supplies.
Power couple: This BP husband and wife are major players on opposite sides of energy industry’s future
BP executives Starlee Sykes and Al Vickers have a lot in common as a married couple of seven years.
Shell restarts Gulf of Mexico assets ahead of schedule
Production at Mars and Ursa in the US Gulf of Mexico has resumed, following outages as a result of damage sustained during Hurricane Ida.
Apache Corp takes £326million decommissioning hit over long-sold Gulf of Mexico assets
Apache Corporation has taken a hit of £326million ($446m) over decommissioning costs for Gulf of Mexico oil and gas assets it sold nearly a decade ago.
OPEC+ heads for geopolitical showdown as Biden demands more oil
OPEC+ is heading for a politically consequential showdown with President Joe Biden, as Saudi Arabia and its allies meet today to choose whether to heed American demands for more oil.
Exxon’s Sapote-1 well disappoints
ExxonMobil has drilled the Sapote-1 well, offshore Guyana, but failed to find commercial hydrocarbons.
One dead in Pemex pipeline blast in Mexico
At least one person has been killed and a number of others injured when a pipeline owned by state oil company Petroleos Mexicanos (Pemex) exploded.
Asia snaps up American shale gas to keep boilers, furnaces lit
Asian liquefied natural gas (LNG) traders are rushing to secure shipments from the US, where prices are among the cheapest in the world, amid a dash to replenish supply before the winter.
Cheniere secures Corpus Christi expansion support from Glencore
Cheniere Energy has signed another sales contract for LNG in support of its proposed Corpus Christi Stage 3 project.