Ex-Shell head Ben van Beurden joins investment group KKR
Former Shell (LON:SHEL) chief executive officer Ben van Beurden will join private equity group KKR as a senior advisor on green investments, reports say.
Americas
Americas Oil and Gas News
Saipem lands Exxon Guyana deal worth up to $1.5bn
Saipem (BIT: SPM) has landed a contract worth up to $1.5 billion with Exxon Mobil for work on its newly-sanctioned Whiptail project off Guyana.
Plan to turn surplus oil rigs into floating missile bases
Naval architecture group Gibbs & Cox has floated a plan to convert old oil rigs into missile defence platforms and resupply bases.
Another death on an offshore oil rig. Yet again, it’s Pemex.
Pemex’ safety and environmental track record is among the worst that I have encountered in my almost 35 years of writing about energy.
One dead, several injured after fire on Gulf of Mexico oil platform
At least one person has been killed and several others are injured after a fire broke out on an oil platform in the Gulf of Mexico.
SLB announces $7.8 billion stock deal for smaller rival ChampionX
American oilfield services giant SLB (NYSE:SLB) has announced a deal worth approximately $7.75 billion in stock to buy smaller rival ChampionX (NYSE:CHX).
All Americas Posts
Seven Generations forced to suspend production
Canadian producer Seven Generations Energy has suspended injection into the Alliance Pipeline after an "operational event" caused the pipeline company to call for natural gas suppliers to halt production.
Exxon signs deal to extend acreage in Midland Basin
Exxon Mobil has agreed deals to obtain development rights for an additional 48,000 acres in the core of the Midland Basin in Texas.
Empire Energy takes on Kansas operation
US-focused Empire Energy is to take on the operation of 16 wells in Marion County, Kansas.
White Marlin buys Dune’s fields for $19million
White Marlin, the Houston-based privately held upstream oil and gas production company, has acquired assets from Dune Energy for $19million.
Breitling announces 14-well West Texas programme
Dallas-based Breitling Energy has taken a new non-operated 35% share in a 14-well developmental drilling programme in West Texas.
Noble Energy posts losses despite rise in oil and gas sales
Noble Energy posted a $109million loss in the second quarter of the year despite increased sales of oil and natural gas. The company said it expects it will be increasing production throughout the rest of the year but it is likely to be at an increasingly cheaper cost. Noble has posted second quarter profits of $101million down 68% from the $323million the company had earned the same time last year.
TransCanada profits up in latest quarter
TransCanada Corp, which divides its business between pipelines and power plants, reported higher second-quarter profit as electricity prices in Alberta rose and the company transported more fuel.
Nostra Terra starts producing in South Texas
Nostra Terra Oil and Gas has begun production at two Texan wells.
How pipelines saved America’s biggest oil basin from shale bust
To understand why U.S. oil production is so resilient, it helps to consider the maze of pipelines running out of Midland, Texas.
Northcote to open Mexican oil recycling plant
Northcote Energy has formed a joint venture in Mexico to develop an oilfield waste recycling facility.
LGO makes good progress in Caribbean
Production costs of less that $10 per barrel are allowing LGO Energy to progress with confidence with its Goudron development in Trinidad.
New Mexican gas pipeline secures $820million funding
A major new 465km natural gas pipeline in Mexico has received a $820million funding package.
Dolphin begins its first major seismic survey in Gulf of Mexico
Seismic survey specialist Dolphin Geophysical has kicked off its first major project in Mexico.
Whiting Petroleum appoints ex-ConocoPhillips VP to board
US independent Whiting Petroleum has appointed Carin Knickel to its board.
Marksmen on target in Ohio
US light oil exploration company Marksmen Energy has found "signifcant" deposits from its assets in Ohio.
Freeport-McMoRan reports $1.85billion loss
US mining and oil heavyweight Freeport-McMoRan made a $1.85billion loss in the second quarter of 2015. The company posted $2billion of write-downs related to its oil and gas properties and other one-off items. Richard Adkerson, chief executive, said: "Our second-quarter results reflect strong operating performance in our global mining business, and solid production results and continued positive drilling and development results in our oil and gas operations.
Shale gas helping Mickey Mouse – and Florida – keep the bills down.
Cheap natural gas in the north east United States is helping Walt Disney World in Florida cut its energy bills.
FMC Technologies opens new facility to service Eagle Ford
FMC Technologies has opened a 36-acre Supercenter in San Antonio, Texas, servicing the Eagle Ford Shale.
Northcote Energy confirms Louisiana oil find
US producer Northcote Energy has confirmed hydrocarbons in its Lutcher Moore well in Louisiana.
Statoil and GE announce winners of shale sand challenge
Energy giants Statoil and GE have announced winners of a competition to find new ways of dealing with sand in shale gas production.
Baron Oil plans further exploration in Peru
Baron Oil is to undertake further exploration in Peru after receiving the backing of the Lima government and local communities.
Shell disposes of $630million Elba LNG interest
Oil giant Shell is to sell its equity interest in Elba liquid natural gas company for Kinder Morgan for $630million.
Enterprise sells GoM assets in $1.5billion deal
Enterprise Products Partners has sold their offshore Gulf of Mexico pipelines and services business to Genesis Energy in a $1.5billion deal. The transaction is expected to close during the third quarter of this year. The company’s assets in the region include ownership interest in nine crude oil pipeline systems and interest in six offshore hub platforms.
Harkand boss urges Mexico to learn lessons from Brazil
A leading industry figure believes Mexico must learn the lessons from Brazil as it opens its oil reserves to investors.
Argentina brings the curtain down on energy tax credits
Argentina ended some financial incentives today that were intended to boost energy investment in its huge shale oil and gas deposits, even as it seeks to narrow an energy trade gap.
