Expect Any Biden Climate Plan to have big impact on energy sector
The Joe Biden climate plan, Energy sector experts breakdown what to expect as the new US President looks to change the country's climate change stance.
Americas
Total picks Maersk Drilling for $100m, two-rig campaign off Suriname
Total has picked Maersk Drilling to supply two rigs for an exploration and appraisal project off Suriname as part of a deal worth around $100 million.
Oil bankruptcies rise in the third quarter
The number of bankruptcies in the energy sector rose during the third quarter as the coronavirus pandemic continued to take its toll on the oil and gas industry.
Costa Azul hits first LNG FID of the year
Backers of the Costa Azul LNG export plant in Mexico have reached a final investment decision (FID), the first to be taken globally this year.
Independent E&P firms that fail to adjust to energy transition will be gone by 2050, analyst says
Independent exploration and production (E&P) firms that fail to adjust to the energy transition face extinction before 2050, an analyst said today.
Non-commercial discovery for Exxon at deepest Guyana well
The Tanager 1 well is a non-commercial discovery, on a standalone basis.
OTC 2021 event postponed until August
Organisers of the Offshore Technology Conference (OTC) in Houston have postponed the 2021 event until August due to the Covid-19 pandemic.
Sasol starts up last piece of Lake Charles
Sasol’s low-density polyethylene (LDPE) unit in Louisiana has reached beneficial operation, the last part of the Lake Charles Chemicals Project (LCCP) to start up.
Wood completes £51m sale of Canadian turbines business
Energy service giant Wood has completed the sale of its stake in TransCanada Turbines to joint venture partner TC Energy for £51 million.
Prevention of corrosion, scaling and fouling
Novel injection, dispersion & mixing technology combats refinery corrosion
Tems clinches six-figure deal for work in Trinidad and Tobago
Tems International, an Aberdeen-based supplier of environmental management and compliance services to oil and gas exploration and production companies, said yesterday it had secured a major contract for work in offshore Trinidad and Tobago.
Revenues up 16% for SBM Offshore thanks to Guyana and Brazil FPSOs
Dutch shipbuilder SBM Offshore has seen underlying revenues increase by 16% thanks to major orders for FPSO vessels in Guyana.
Occidental is first U.S. oil major to target net zero emissions
Occidental Petroleum Corp. became the first major U.S. oil producer to aim for net zero emissions from everything it extracts and sells, accelerating an industry trend that’s become commonplace in Europe.
Shell wants Biden to reverse methane emissions rollback
Shell will push for the reversal of President Donald Trump’s rollback of methane emissions rules and the introduction of carbon pricing when Joe Biden moves into the White House next year.
Prosafe gets £21.7million Safe Notos extension with Petrobras
Prosafe has secured a contract extension worth £21.7million for its Safe Notos vessel with Petrobras.
Biden win may curb US oil drilling, super-charge renewables
Biden’s victory could end up reshaping the US energy sector in years to come, although the president-elect may have limited room to maneuver given that control of the Senate remains unclear.
What’s ahead under President Biden, industry by industry
Now that the campaigning is over, the work begins for Joe Biden to start making good on the policy changes he promised. Here’s a breakdown of how a Biden presidency may affect some two dozen U.S. industries and what might rise to the top of his agenda as he takes over from Donald Trump in January. A few giant tech companies -- practically industries unto themselves -- are included for good measure.
Biden will take a clear climate mandate into White House
Joe Biden will take office with something no U.S. president has had before: robust popular support for climate action, borne out in polling data and election results from a hard-fought campaign.
Shell to shut Louisiana refinery after failing to find a buyer
Royal Dutch Shell Plc will begin shutting its Convent refinery in south Louisiana mid-month while it continues to seek a buyer for the facility, part of a plan to reduce its global sites and focus on combined oil refining and chemical plants.
Apache in profit for Q3 as cost cutting initiatives outstrip expectations
North Sea oil firm Apache was in the black in the third quarter of 2020 as its cost-saving initiatives outstripped expectations.
Engie drops US LNG amid energy transition shift
France’s Engie has pulled out of a proposed agreement to secure LNG from NextDecade’s Rio Grande LNG project, over concerns about shale gas development.
Petrofac ready to take Perenco to court over Mexico payments
Petrofac will start legal proceedings against Perenco to recover a balance of $80.2 million plus interest related to the sale of the remaining 51% of its Mexican operations.
i3 shares rise on farm-out and maiden dividend talk
Oil firm i3 Energy is in talks over a potential farm out of stakes in its Serenity discovery in the outer Moray Firth.
Total trims spending on price volatility
Total has no clear view on prices in 2021 and is taking a cautious stance on spending plans, the company’s CFO Jean-Pierre Sbraire said after the company published its third quarter results.
Exxon posts third-quarter loss, thousands of job cuts on the horizon
US oil major ExxonMobil was in the red in the third quarter as it showed the effects of lower oil production and prices.