PFG refuses Es Sider loading
An attempt to lift force majeure at the Es Sider port, allowing oil exports to resume, has failed with local armed forces refusing to allow this to go ahead.
ConocoPhillips
Oil majors ‘still falling short’ of climate goals – Carbon Tracker
Oil majors are “falling short” of global climate goals despite their updated emissions targets, according to a new report.
FAR hoists “for sale” sign on Sangomar
Australia’s FAR has been unable to secure financing for its stake in the Sangomar field development and so has begun a process to sell all, or a part, of its stake in the Senegalese project.
Burullus cuts Transocean rig off Egypt
Burullus Gas has ended a contract for Transocean’s Deepwater India rig, which had been operating in Egypt.
Subsea 7 wins deals off Australia and US Gulf of Mexico
Subsea 7 has announced the award of new contracts off the coast of Australia and the US Gulf of Mexico.
‘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.
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.
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.
Chrysaor hands in decom plan for southern North Sea platform
Chrysaor has submitted its decommissioning plans for a southern North Sea platform to the UK Government.
US-China deal provides boost for energy exports
A deal by the US and China goes some way to ending the two-year trade war, with particular support in the agreement for agriculture and energy exports.
Time to ‘step up’ and deliver energy transition, North Sea oil chief says
Too many opinions, not enough facts. That’s how Chrysaor chief executive Phil Kirk views the heated debate about the oil and gas sector’s role in the energy transition.
Cluff appoints RGU graduate as chief financial officer
North Sea exploration firm Cluff Natural Resources has appointed a Robert Gordon University (RGU) graduate as chief financial officer (CFO).
Government report reveals CNOOC as North Sea’s largest taxpayer, Shell sits lowest
A government report has revealed CNOOC was the biggest tax spender in the North Sea last year while energy giant Shell paid the least on balance after a reimbursement.
VIDEO: Oil and Gas UK reflects on major developments of 2019
As 2019 comes to a close, the UK energy sector trade body has produced a video highlighting some of the main developments for the industry over the last year.
Asia Pacific upstream M&A set to accelerate
Southeast Asia and Australia are set to take centre stage in the region’s upstream M&A activity as private equity companies sense a value opportunity.
Hilcorp partners with Doyon for Alaska growth
The rapid growth of Houston's Hilcorp in Alaska is continuing via a new partnership with a regional Alaska Native company to explore and drill on its land.
Reuters DecomWorld confirm over 30 international E&P’s to Join 12th annual decommissioning summit in Houston, 2020
DecomWorld – part of Reuters Events- today announced the confirmation of over 30 international E&P delegations to attend their 12th Annual D&A Summit (March 31 – 1 April, Houston).
Efficiency drive giving companies more decom bang for their buck, report says
Companies are decommissioning more efficiently in the UK continental shelf (UKCS), allowing them to carry out more work for the same amount of investment.
ConocoPhillips plans share buyback that’s almost 50% of market value
ConocoPhillips announced a 10-year plan to buy back $30 billion of shares, equivalent to about half of its current market capitalization, as the oil producer attempts to distance itself from the troubled U.S. shale industry.
Majors’ global selling spree could fetch $27.5 billion
Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total $27.5 billion, according to Rystad Energy’s latest assessment.
More new oil and gas inventory coming from mergers, not exploration
Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration.
DecomWorld annual D&A summit returns with record numbers
DecomWorld – part of Reuters Events- today announced the global E&P delegations already confirmed to attend their 2020 Decommissioning and Abandonment Summit along with an international operator speaker faculty
New law ‘making an impact’ on North Sea business
A leading petroleum economist has said there are “positive signs” that a new law is making an impact on North Sea deals, a year on since it came into effect.
Save the world, shrink the majors, new report says
The seven majors must cut production by 35% by 2040, and emissions by 40%, if the world is to warm by only 1.6 degrees Celsius, according to a new report from Carbon Tracker Initiative.
ConocoPhillips posts $3bn quarterly profit after UK sale
Houston's ConocoPhillips reported a nearly $3.1 billion quarterly profit on Tuesday that spiked more than 60 percent from a year prior, but the big jump benefited from about $2 billion in proceeds from the recent sale of its North Sea business in the United Kingdom.