BP to work with shareholder activist group on climate resolution
Oil and gas giant BP is set to work with a shareholder activist group towards a climate resolution, it announced today.
Chevron
Total, Chevron terminate Valaris rigs off Angola
Total and Chevron have cancelled rigs contracted from Valaris, working in Angola, the drilling company has announced.
Oil’s 60% crash is the tip of an iceberg. The reality is worse
As oil crashes due to the impact of the coronavirus, it’s easy to overlook an even more dismal reality for producers: the real prices they’re getting for their barrels are worse still.
HSE warns Ithaca after exposing workers to risk of ‘fire and explosion’ on North Sea vessel
Ithaca Energy has been warned by the UK's safety watchdog after exposing workers to “risk of serious personal injury or death from fire and explosion” on a North Sea vessel.
Finding the Aquaterra Energy sweet spot
Construction and installation of subsea structures can be challenging in countries with limited local capacity, and Aquaterra Energy aims to fill a niche with its conductor supported platform (CSP).
Big Oil’s big crisis: Saving sacred dividends from collapse
To understand the crisis engulfing the world’s largest oil companies, just look at their dividend yields.
Sonatrach, Chevron sign MoU
Sonatrach has signed a memorandum of understanding (MoU) with Chevron, the Algerian company said.
Petronas joins Exxon in seeking exit from Chad project
Petronas is considering selling its stake in a joint project in Chad with ExxonMobil, according to people familiar with the matter.
US oil majors are snubbing climate-conscious rivals in Europe
Don’t count on America’s oil giants to join their rivals across the pond in ambitious efforts to cut carbon dioxide emissions.
US oil major is north-east decom centre’s maiden anchor partner
A US oil major that sold most of its UK offshore business last year has become an Aberdeenshire-based research centre’s first industrial “anchor partner”.
Chevron sends London traders home on coronavirus concern
Chevron Corp. asked traders and other staff at its Canary Wharf office in London to work from home as a precaution after an employee was tested for the coronavirus, according to a person familiar with the matter.
Shell plans major drilling in Mexico, but oil may take years
Royal Dutch Shell Plc is pushing ahead on its massive deep-water drilling plan in Mexico, even as it doesn’t foresee production starting under the current government.
‘Positive momentum’ for oil and gas deals in 2020 – AAB
It was an interesting year for deal-making in 2019, despite political and economic challenges.
British-backed carbon start-up captures big investment
A company which was backed by the British Government has raised 16 million US dollars (£12 million) from investors including US oil major Chevron in a bid to spread its technology to capture carbon from industrial plants.
All eyes on Exxon, Chevron after BP pledges to be carbon neutral
BP Plc’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change, increasing the pressure for Exxon Mobil Corp. and Chevron Corp. to do more.
Aquaterra lines up platform for Chevron in Angola
Chevron has lined up a Sea Swift platform from Aquaterra Energy for work on the Lifua-A field, in Block 0.
Changes reflected at ‘Hill’
Hill of Rubislaw in Aberdeen reflects the changing face of the North Sea oil and gas industry, two of the north-east’s leading commercial property experts said yesterday.
Chevron reports $6.6bn quarterly loss because of natural gas write-offs
Chevron reported a massive $6.6 billion loss in the fourth quarter after $10.4 billion in write-offs in North America because of continuously weak natural gas prices.
European oil firms leaving US counterparts behind in energy transition race, CMS report says
European and Chinese oil and gas firms are well ahead of US rivals in the energy transition race, new research has found.
Australia leads in bumper year for Asia Pacific FIDs
Looming wave of final investment decisions (FIDs) will provide massive boost for offshore oilfield service sector in Southeast Asia
Trump gives five US oilfield service firms another three months in Venezuela
Trump administration officials have given five energy companies with strong ties to Houston another three months in the oil fields of Venezuela.
Trac Oil delivering ‘sustainable’ profits after ‘challenging’ period
Trac Oil and Gas’ boss has hailed the return to “sustainable” profit levels for the rope access inspection, repair and maintenance firm after several “challenging” years.
Study: Oil firms pay investors more than they can afford
The largest oil and gas companies for years have lived beyond their means and paid more money to investors than they can reasonably afford, according to a new report.
Property firm’s key role in third of all office deals
Bosses at commercial property consultancy FG Burnett have toasted a successful year, with the firm at the heart of a third of all office deals in Aberdeen during 2019.
Swell of offshore project approvals brings ‘new investment cycle’ – Rystad
A swell of offshore project approvals means a “new investment cycle is in the making”, according to analysts.