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
Death toll rises after Mexico pipeline blast
The death toll from a pipeline explosion in central Mexico has risen to 66, according to Hidalgo state governor Omar Fayad.
US rig count has biggest drop since 2016
Drillers pulled 25 oil and gas rigs out of service this week, the biggest drop since February 2016, the bottom of the last oil bust.
Epic Pipeline on schedule to move Permian crude in Q3
San Antonio pipeline company Epic Midstream Holdings remains on schedule to begin moving crude oil from West Texas' Permian Basin to the Port of Corpus Christi by this fall.
Energy sector heads into ‘kind of purgatory’
The state of the Houston energy sector might be summed up in one word: Meh.
Ex-Halliburton chair Lesar to start new oil services business
Dave Lesar, fresh from retiring as executive chairman of Halliburton Co. at the end of 2018, is working on a new venture in the oil patch with funding from private equity firm CSL Capital Management.
Energy bankruptcies fell below 50 filings in 2018
North American oil and gas bankruptcies fell to just 43 filings in 2018, down from 70 a year prior, according to the law firm Haynes and Boone.
BP announces £1bn expansion for Gulf of Mexico project
BP has announced a £1billion expansion of its Atlantis development in the Gulf of Mexico amid the discovery of huge additional oil reserves.
‘Business as usual’ for US oil industry despite Trump government shutdown
The partial U.S. government shutdown has docked fishing boats in Alaska, delayed public meetings on a proposed wind farm off the Massachusetts coast and blocked pharmaceutical companies from seeking approval for new drugs.
US authorities give Williams green light for LNG expansion
The Federal Energy Regulatory Commission has given the Oklahoma pipeline company Williams permission to begin service on an expansion project supporting two liquefied natural gas terminals along the Texas Gulf Coast.
New Petrobras boss swears off subsidies, government intervention
The new head of Brazil’s state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit, echoing a wider pledge by President Jair Bolsonaro to reduce the state’s role in Latin America’s largest economy.
VIDEO: Explosives used to blow up oil rigs
It's not the type of “decommissioning” work normally seen, but a video has emerged online of parts of old oil platforms being blown up with explosives.
FERC’s McIntyre dies, leaving second vacancy on energy regulator
Kevin McIntyre, a commissioner and former chairman of the top U.S. energy regulator, has died.
Jeff Miller takes up chairman role at Halliburton
The board at US oilfield services firm Halliburton has appointed president and chief executive Jeff Miller as its chairman.
Early 2019 will see flurry of LNG activity
The growth of the Gulf Coast’s liquefied natural gas industry is set to accelerate in 2019 as at least three major projects are expected to get the go-ahead from developers.
US added three oil and gas rigs last week, with one in Texas
The US added three active oil and gas rigs last week, even though U.S. oil prices have slid to about $45 per barrel.
Divided Venezuela finds common ground in Guyana dispute
The socialist government of Venezuela and its political opponents at home who have been starkly divided over the past two decades on the best path forward for the country, have suddenly united around a common theme: the century-old dispute with Guyana.
‘Bright blue flash’ lights New York after explosion at energy facility
An explosion at an electrical substation in Astoria, New York City, illuminated the skyline with a bright blue light and cut off power to LaGuardia airport, causing flights to be diverted or delayed.
BP seeks to offload US assets to help fund BHP deal, report says
BP is looking for bids of around $3 billion for a package of US onshore assets to help cover the cost of its deal with BHP Billiton, a news report said.
Shell ‘in talks’ to buy Endeavor Energy in cut-price deal
Royal Dutch Shell is in negotiations to buy Endeavor Energy Resources LP for about $8 billion, according to people familiar with the matter, or roughly half as much as the Texas oil producer was expected to fetch when it put itself on the block this year.
Can Houston keep its title as world energy capital?
Houston has held the title Energy Capital of the World for at least a century, but many local business leaders worry the globally recognized title could soon be under siege.
Former oil lobbyist to take over as US interior secretary
A former lobbyist who has played a leading, behind-the-scenes role at the Interior Department driving Trump administration policies to expand drilling and strip wildlife protections is poised to take over the agency at least temporarily.
Norway calls for checks after worker death in 2017
Norwegian investigators today called for regulations to be put to the test after a worker died in a blast in Brazil.
Qatar acquires Mexican acreage after OPEC split
Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as the Arab country signs another global expansion deal after leaving OPEC.
Rig count dip led by New Mexico side of Permian
The New Mexico portion of the Permian Basin led a dip in the nation's tally of active drilling rigs this week with oil prices having plunged by nearly one-third since early October.
Mexico cancels bidding on two oil and gas auctions
The Mexican government has cancelled bidding on two auctions that would have allowed hydraulic fracturing in the border state of Tamaulipas and brought more foreign oil companies south of the border.
