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
Husky keeps Transocean rig for Canadian job
Canadian oil firm Husky has booked the Henry Goodrich rig for another year for a job off the country’s east coast. The contract is expected to start in the fourth quarter. Transocean said the contract backlog was $100 million.
Petrofac to sell 49% of Mexican business
UK oilfield services firm Petrofac will sell 49% of its Mexican business to Perenco.
Amerisur to swoop for Gulfsands’ Colombian block
London-listed Amerisur Resources has signed a farm in agreement (FIA) with Gulfsands Petroleum for the acquisition of the Putumayo 14 block in Colombia.
The Permian leads another rig count hike
West Texas' Permian Basin led another increase in the number of rigs actively drilling in the U.S.
Exxon starts up multibillion-dollar Baytown chemicals project
ExxonMobil has commenced operations at its multibillion-dollar petrochemical expansion at its massive Baytown complex.
Exxon’s ‘fairy tale’ discovery in Guyana may be just the start
ExxonMobil increased its estimate for a giant offshore oil discovery in Guyana by 25 percent yesterday, but it may just be the beginning.
Houston residents spend 27% of family energy budget on air conditioning
Households in the hot and humid Southwest, an area that includes Houston, spend 27 percent of their home energy budgets on air conditioning, the most anywhere in the United States.
Exxon lifts Guyana block estimate above 4bn barrels
US oil major ExxonMobil has lifted its estimate for the Stabroek Block offshore Guyana to more than 4 billion barrels of oil equivalent (boe).
Halliburton reports strong second quarter profit
Halliburton Co. reported strong second quarter profits as rising crude oil prices continued to boost drilling activity in West Texas and elsewhere, driving higher demand for hydraulic fracturing equipment and other oil field technology.
Texas leads drilling rig count decline
Texas lost five rigs drilling for oil and gas this week, leading the nationwide decline of eight active drilling rigs.
Independence Contract Drilling acquiring Sidewinder Drilling
Two Houston-based onshore drillers will merge with Independence Contract Drilling acquiring the privately owned Sidewinder Drilling.
Mt. Providence well sees first oil, say Talos Energy
Talos Energy last night announced oil production from the Mt. Providence well, approximately 60 days ahead of the originally scheduled completion date in early September.
SEC charges Energy XXI founder
The federal government charged Houston-based Energy XXI founder John Schiller on Monday with failing to disclose more than $10 million in personal loans and perks from corporate vendors and board members in exchange for contracts and appointments.
Oil firm’s ex-CEO banned by SEC over undisclosed personal loans
The former head of a Houston-based oil producer agreed to be fined and banned from holding executive positions to settle a regulator’s claims that he financed a lavish lifestyle with unreported loans from company vendors and a hedge fund manager who was seeking a board seat.
Houston’s Tidewater buying GulfMark Offshore
Offshore energy services firm Tidewater Inc. is buying Houston rival GulfMark Offshore in an all-stock deal that combines two struggling companies that emerged from bankruptcy last year.
Oil companies struggle to navigate Trump on steel tariffs
U.S. tariffs on foreign steel are testing oil and gas companies' ability to navigate the Trump administration.
Canada’s $30bn LNG hope edges closer as Shell ramps up
A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell Plc and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40 billion ($30 billion) liquefied natural gas terminal that could at last unlock energy exports to Asia.
Columbus Energy strikes deal to buy Trinidadian producer
Trinidad-focused Columbus Energy Resources is on course to ramp up its resources after agreeing to buy Steeldrum Oil Company.
Ex-Brazil president not guilty in obstruction of justice case
Former Brazilian president Luiz Inacio Lula da Silva has been found not guilty of obstruction of justice.
Cheniere to develop LNG futures contract with CME Group
Cheniere Energy is working with derivatives marketplace CME Group to develop a futures contract for liquefied natural gas, a move that could make the burgeoning market for U.S. LNG more transparent as a host of companies move toward exporting it.
Anadarko bets $1.5bn on shares, debt reduction
Anadarko Petroleum said it is investing an additional $1.5 billion in its share repurchase program and in debt reduction, further satiating the conservative fiscal approach desired by Wall Street since the recent oil bust.
BP front-runner to buy BHP’s US shale unit
BP has emerged as the front-runner to buy BHP Billiton’s onshore oil and gas operations in the U.S., according to a person familiar with the matter.
Rig counts rise by 5 in US
Rig counts in the U.S. rose by five last week, the Houston energy services company Baker Hughes reported.
US fossil fuel consumption reaches lowest share in a century
U.S. fossil fuel consumption last year reached the lowest share in more than a century as use of renewable energy continued to climb and petroleum use remained well below its 2005 peak.
Equinor to pay $379m for Brazil licence stake
Equinor has agreed to buy Barra’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin for $379 million.
