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.
Americas
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.
i3 to declare maiden dividend, in talks over Serenity stake sale
London and Toronto-listed i3 Energy said today it expects to declare its maiden dividend during the current quarter.
Oil Search eyes selldown of promising $3bn Alaska oil project
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 takes GasLog off the market
BlackRock’s Global Energy & Power Infrastructure (GEPIF) will acquire all publically held shares of GasLog, taking the LNG carrier private.
Updated: Stena Drilling launches petition urging UK quarantine exemption for oil workers
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 fetches $700m for non-core oilfields in Canada
Shell has struck a deal to sell its Duvernay shale light oil assets in Alberta, Canada, to Crescent Point Energy for $707 million.
What links America’s Cup racing sails and the energy transition?
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.
RigQuip expands its US presence as two directors appointed
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.
Perseverance yet to pay off for Bahamas oil explorer
Bahamas Petroleum Company (BPC) has said its Perseverance well struck oil, but not commercial volumes.
Equinor to sell Bakken assets for $900m, slides to losses of $4.2bn in 2020
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.
NOC spending plans at risk from climate goals
Investments by the world’s NOCs are incompatible with limiting climate change, according to new research published by the Natural Resource Governance Institute (NRGI).
Promotions for long-serving duo at pipeline tech firm Stats Group
Pipeline technology company Stats Group, of Kintore, has promoted two long-serving employees to senior executive positions.
Guyana-Suriname sees rig ‘demand surge’ as region bucks global trend
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.
VIDEO: 60,000 tonne BP Argos platform sails off on voyage to Texas
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.
Ex-Petronas CEO joins ExxonMobil board in surprise move
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: Bilderbeek weighs fundraising options to ‘extend the runway’ for business
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 upbeat on profit expectations
Sasol expects to post strong results for the second half of 2020, while adjusted EBITDA will drop by as much as 10%.