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
Guyana election heightens political risk for offshore operators
Guyana is due to hold a general election later this year that could have a significant bearing on the country’s emergence as a new oil frontier.
Acteon swoops for US geosciences survey firm TerraSond
Subsea services group Acteon has completed the acquisition of US geosciences survey company TerraSond.
Report finds sweeping blame and negligence for fatal Oklahoma rig explosion
An independent federal review of a 2018 fatal oil rig explosion in Oklahoma determined there is sweeping blame to be shared by the entire energy sector and government for a woeful lack of oversight and regulations for onshore oil and gas drilling.
Ineos proposes $803m petrochemical expansion in Texas
Ineos, the London petrochemical company owned by Britain's richest man Jim Ratcliffe, is considering an $803 million expansion of its La Porte petrochemical plant, state documents show.
ExxonMobil authorises Argentina expansion in ‘Dead Cow’ shale
ExxonMobil is moving forward with a major effort to develop at least 90 wells in Argentina's onshore shale.
SBM inks letter of intent for FPSO destined for Brazil
Dutch oilfield services group SBM Offshore has signed a letter of intent (LoI) with Petrobras to provide an FPSO for the Mero field, 110 miles off Rio de Janeiro.
Shale gas drives Argentina’s LNG export ambitions
The commissioning of Exmar’s Tango floating LNG (FLNG) vessel on June 6 marked the first stage in Argentina’s emergence as a global gas exporter.
Oil executives: time for Houston to embrace clean energy
Houston’s position as the energy capital of the world is based on fossil fuels, but the nation’s fourth-largest city must embrace new technologies and cleaner energy if it wants to lead the way for decades to come, energy executives said Thursday at the first Houston Low-Carbon Energy Summit.
As Oxy acquisition looms, Anadarko workers drown sorrows, update resumes
The Refuge Bar & Bistro, just a short walk from Anadarko Petroleum's headquarters, is becoming a place for Anadarko workers to drown their sorrows as they update resumés and contemplate the future of The Woodlands without its flagship employer, which recently agreed to be acquired by Occidental Petroleum.
Worley, Enaval launch Brazilian brownfield joint venture
Australian energy service firm Worley has launched a 50:50 joint venture with a Brazilian engineering and construction company to carry out brownfield work in the Latin American country.
Apache’s Altus opens Permian gas processing plant
Apache Corp.'s Altus Midstream Co. said it opened its new Permian Basin processing plant to treat its production of natural gas and natural gas liquids.
Big Oil won’t be buying up Permian strugglers
Big Oil probably won’t be buying up the Permian Basin’s struggling independent drillers any time soon.
Icahn challenges Oxy’s ‘hugely overpriced’ Anadarko deal
Activist investor Carl Icahn launched a lawsuit against Occidental Petroleum with the goal of potentially seeking board seats and a sale of the company.
CNR swoops for Canadian assets in $2.8bn deal
Canadian Natural Resources Ltd. agreed to buy the Canadian business of Devon Energy Corp. for C$3.8 billion ($2.8 billion), gaining heavy-oil assets in the province of Alberta.
NFL team loses fight against BP for $20m damages over Deepwater Horizon oil spill
An American football team has lost a legal fight against BP for damages following the 2010 Deepwater Horizon oil spill.
Ace Winches clinches two of its biggest ever deals
A north-east firm has secured two of its biggest ever contracts as it continues to flourish following the oil and gas downturn.
New US pipeline to boost fuel exports to Mexico
Houston pipeline operator Kinder Morgan plans to boost capacity along a pipeline between El Paso and Tucson that will allow customers to increase exports of gasoline and diesel to Mexico.
Shell carbon-capture plant hits 4m tonne milestone early
A Royal Dutch Shell Plc-operated carbon capture and storage project in Canada has hit a milestone of sequestering 4 million tons of carbon dioxide about six months ahead of schedule and at a lower cost than estimated, helped by better-than-expected reliability.
Permian Basin oil producer cuts 230 jobs
Irving-based Pioneer Natural Resources, one of the oil producers in the Permian Basin of West Texas and New Mexico, said this week it plans to lay off about 25 percent of its workforce to reduce costs and increase shareholder value.
CEOs descend on Washington demanding carbon price
Top officials from 75 U.S. companies descended on the U.S. Capitol Thursday to try and convince lawmakers to support the creation of a carbon price to reduce greenhouse gas emissions.
Guyana investigating offshore oil leases controlled by Exxon, Tullow
Guyana’s anti-corruption agency is investigating how exploration rights were awarded in the world’s biggest new deepwater oil region, including those now controlled by Exxon Mobil Corp. and Tullow Oil Plc.
US oil output still expected to hit 13m barrels daily by end of 2019
Despite a slow start to the year, US crude output is still expected to surge for the rest of 2019 and hit at least 13 million barrels daily by the end of 2019, a new report projects.
US geological survey confirms four earthquakes in Eagle Ford Shale
The U.S. Geological Survey has confirmed that four low-magnitude earthquakes have taken place over the past two weeks in the Eagle Ford Shale of South Texas.
Weatherford delisted from New York Stock Exchange in latest woes
Struggling oilfield service company Weatherford International is now trading as a penny stock after being delisted from the New York Stock Exchange.
Petrobras picks McDermott for Sepia work
McDermott International will construct and install subsea risers and flowlines on Petrobras' Sepia field off Brazil.
