Origin sells 10% of Australian LNG project for $2.12bn
Origin Energy (ASX:ORG) is set to sell a 10% share of its Australia Pacific LNG export project to global energy investor EIG in a deal worth $2.12 billion.
ConocoPhillips
Petronas seeks to appease ConocoPhillips and Shell with $3bn floating LNG unit
Malaysia’s state-owned energy company Petronas is planning to build a third multi-billion dollar floating liquefied natural gas (FLNG) unit to help solve challenges commercialising gas offshore Sabah in Malaysia as part of an effort to appease ConocoPhillips (NYSE:COP) and Shell (AMS:RDSA) following losses related to an upstream development.
Repsol sets date for Indonesia CCS project
Repsol (BME:REP) said it will start up a key carbon capture and storage (CCS) project in Indonesia in 2027. Significantly, the CCS scheme tied to the onshore Sakakemang Block will be among the largest of its kind in the world and will be the first for both Repsol and Indonesia, claimed the Spanish company.
Shell strikes deal to sell Permian unit for $9.5bn
Shell has reached a deal to sell its Permian shale business to ConocoPhillips for $9.5 billion, with $7bn of that going to shareholders.
Contract terminated for sunken rig hired by ConocoPhillips off Malaysia
Malaysian driller Velesto Energy said that a contract to provide a jack-up drilling rig to ConocoPhillips for work offshore Sarawak in Malaysia has been officially terminated after the unit sunk in early May.
Shell’s production hit offshore Malaysia at Gumusut-Kakap
A production issue at the Shell-operated Gumusut-Kakap field offshore Sabah in East Malaysia will see exports of the country’s flagship crude oil Kimanis fall in October and November, reported Reuters.
Oil and gas majors told to prepare for ‘major production drop’ by 2030s
Oil and gas majors are being warned they must plan for a “major production drop” in order to hit the 1.5°C Paris Agreement target.
Medco raising cash with eye on ConocoPhillips’ Corridor Block
Medco Energi, an ambitious Indonesian independent oil and gas company, is preparing to raise capital that will help fund acquisitions. Significantly, Medco Energi is reportedly keen to bid for ConocoPhillips’ share of the giant onshore Corridor gas block in Indonesia estimated to be worth more than $1.5 billion.
Repsol and Medco eye ConocoPhillips $1.5bn Corridor stake
Indonesia’s Medco Energi and Spain’s Repsol are reportedly keen to bid for ConocoPhillips' share of the giant onshore Corridor gas block in Indonesia estimated to be worth more than $1.5 billion.
ConocoPhillips puts Williston Basin oil assets up for sale
ConocoPhillips is marketing its Williston Basin oil assets for a potential sale, according to people with knowledge of the matter.
Shale bets on dividends to match supermajors, revive sector
First came the production discipline, and now here’s the cash.
Repsol plans FID for Sakakemang in Indonesia in 2022
Repsol and partner Petronas plan to take a final investment decision (FID) on the giant Kali Berau Dalam (KBD) gas discovery on the Sakakemang Block in Indonesia next year with full production targeted by 2027.
Velesto abandons sunken drilling rig off Malaysia
Velesto Energy’s NAGA (dragon) 7 jack-up drilling rig that sunk offshore Malaysia last month while under contract to ConocoPhillips will be abandoned.
ExxonMobil activist battle turns climate angst into referendum on CEO
An unprecedented fight over who should sit on the board of ExxonMobil is turning into a referendum on chief executive Darren Woods as a decades-long struggle by climate campaigners comes to a head.
Analyst upgrades Velesto after rig working for ConocoPhillips sinks off Malaysia
The sinking of Velesto Energy’s NAGA (dragon) 7 jack-up rig offshore Malaysia has prompted investment firm CGS-CIMB to upgrade the drilling company as the closed-door investigation into the accident continues.
Seadrill Partners wins more Malaysia drilling with West Capella
Seadrill Partners will use its West Capella drillship to drill four wells offshore Malaysia for an unnamed client in a deal worth about $43 million.
Orders and backlog up by about a fifth at Aker Solutions in first quarter
Aker Solutions’ order intake and backlog both grew by about a fifth during the first quarter of 2021.
Velesto evaluates recovery options for sunken rig off Malaysia
Malaysia’s Velesto Energy is evaluating potential recovery options for its jack-up drilling rig NAGA (dragon) 7 that sunk off the Malaysian state of Sarawak while working for ConocoPhillips.
Conoco joins big oil’s newfound thrift with plan to cut debt
ConocoPhillips will use a rebound in oil and gas prices to cut debt by about 25% over the next five years, signaling a focus on financial prudence even after completing one of the biggest shale takeovers in recent years.
EXCLUSIVE: Velesto rig contracted by ConocoPhillips sinks off Malaysia
A jack-up drilling rig owned by Malaysia’s Velesto Energy, and working for ConocoPhillips, off the Malaysian state of Sarawak, has sunk.
CNOOC extinguishes fire at one of China’s largest offshore fields
CNOOC, China’s third-largest oil company, confirmed it has extinguished a fire at a platform on its Penglai fields in northeast China. The fire is expected to cut crude output at the Penglai 19-3 field by around 600,000 barrels this year.
Fire raging at China field owned by CNOOC and ConocoPhillips
Three crew members are missing following a well blowout and fire at an oil production platform in the Bohai Sea in northeastern China earlier this week that stopped operations at one of the country’s largest oil fields.
Oil giants win climate suit as judges push for political fix
New York City suffered another setback in its effort to make Exxon Mobil Corp., BP Plc and other energy companies help cover the public costs of dealing with climate change, as a federal appeals court ruled the global problem demands political rather than legal action.
Twist of irony as East Timor eyes LNG imports
East Timor is considering building a liquefied natural gas (LNG) import terminal and converting oil-fired power plants to gas in an effort to slash energy supply costs and cut greenhouse gas emissions. The move seems slightly ironic given the country advocated developing an LNG export complex for much of the past decade.
ConocoPhillips gears up for Malaysian drilling
ConocoPhillips is set to drill up to three wells off the Malaysian state of Sarawak after hiring a jack-up drilling rig from Malaysia’s Velesto Energy.