Storegga, company behind Acorn project, forms CCS joint venture in US
Storegga Geotechnologies, the driving force behind Aberdeenshire’s Acorn project, is eyeing up carbon capture and storage (CCS) opportunities across the pond.
US
BP buys 9GW of US solar from 7X Energy for $220m
BP reached an agreement today to purchase 9GW of solar development projects in the US from independent US solar developer 7X Energy for $220 million.
This time is different: outside OPEC+, oil growth stalls
“This time is different” may be the most dangerous words in business: billions of dollars have been lost betting that history won’t repeat itself. And yet now, in the oil world, it looks like this time really will be.
Shale drillers Cabot and Cimarex baffle analysts with $7.4billion merger
The merger of Cabot Oil & Gas Corp. with Cimarex Energy Co. announced Monday has confounded investors and analysts, leaving them to question the logic behind a tie-up that the companies say will increase diversification.
Biden administration approves first big US offshore wind farm
The long-stalled push to build massive wind farms in the Atlantic Ocean along the U.S. East Coast took a crucial step forward Tuesday as the Biden administration approved plans for a project off Martha’s Vineyard.
Oil declines as hack-hit US pipeline works to restart flows
Oil fell as traders monitored the worsening fallout from the closure of the largest U.S. oil-products pipeline, and looked ahead to OPEC’s latest analysis of global supply and demand.
US focus on climate change meets mixed African reactions
The US administration has set out plans to cut financing for hydrocarbon developments, while African states are doing what they can to secure energy projects.
FoE wins review on UKEF’s Mozambique LNG support
The UK government will face questions in court over the legality of its support for Mozambique LNG, following a win for Friends of the Earth (FoE).
Legendary trader sees ‘seismic shift’ in Houston’s oil patch
For John Arnold, the billionaire philanthropist who made his fortune betting on natural gas prices, Houston’s fossil-fuel industry seems finally ready to move on.
Chad’s president killed in rebel fight
Chadian President Idriss Deby has died while visiting fighting according to reports, coinciding with his re-election.
US, China say they will cooperate to tackle climate change
The US and China are committed to cooperating to tackle climate change, they said in a joint statement after meetings between senior envoys last week that were held amid rising geopolitical tensions between the two countries.
World leaders set for virtual summit as US seeks climate action
World leaders will take part in a virtual global summit on climate change this week as US President Joe Biden leads a new push to cut emissions.
Investment spurs Americas growth for STATS Group
Pipeline technology firm STATS Group has continued to grow its market share in North America throughout the Covid-19 pandemic and is now preparing to move into a larger facility in Houston.
Pioneer to buy DoublePoint in $6.4bn Permian deal
Pioneer Natural Resources Co. is buying DoublePoint Energy LLC in a deal valued at $6.4 billion, less than three months after completing its purchase of fellow shale driller Parsley Energy Inc. as it expands in the U.S. Permian Basin.
Wood earmarks $196million for bribery case settlements, agrees deal with Scottish authorities
Wood, the Aberdeen-headquartered energy services giant, has earmarked $196million in order to settle bribery cases with authorities in the US, Brazil and the UK.
Energy sector at risk from U.S.-China flashpoints
The increasing geopolitical rivalry between the U.S. and China has more than a 50% chance of spilling over into some form of military confrontation in the year ahead. This could involve threats, posturing, or the actual use of force, as well as have serious implications for energy companies and markets.
Hydrogen is ‘jump ball’ in global clean-energy race, Kerry says
The U.S. oil and gas industry should embrace “huge opportunities” in producing and transporting hydrogen, with the potential for that cutting-edge energy source to fuel long-haul trucks and supply power globally, presidential climate envoy John Kerry said Tuesday.
Death of Keystone XL sparks rush to ship oil-sands crude by rail
US President Joe Biden’s decision to cancel the Keystone XL pipeline is sparking renewed interest in shipping Canadian oil-sands crude by rail, and that comes with its own environmental risks.
Brent holds above $63 with power crisis hitting US supply
Brent oil edged higher in Asia after closing at the highest in almost 13 months as a deepening energy crisis in the US disrupted crude production and forced the shutdown of some of the nation’s biggest refineries.
US oil majors downgraded by S&P on climate risk, earnings
US oil majors ExxonMobil, Chevron and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.
DFC, Shell Foundation plan renewable investments
The US’ International Development Finance Corp. (DFC) and Shell Foundation are teaming up to work on renewable energy access in low-income states, in Africa and Asia.
SEC’s sympathy with Big Oil will test Biden Administration’s climate credibility
Now that Biden has committed to shifting from fossil fuels, the incoming chairman of the Securities and Exchange Commission, Gary Gensler, must decide whether Big Oil are exempt from basic principles of shareholder democracy.
Biden signals US shift from financing fossil fuels globally
US President Joe Biden has signed an executive order to tackle climate change, as part of which the US will move away from funding fossil fuel-based energy internationally.
Keystone XL Pipeline, canceled by Biden, may yield 48,000 tonnes of scrap
The scrapping of the Keystone XL pipeline by Joe Biden not only means the end of multibillion-dollar pipe dream for TC Energy Corp. -- it also leaves behind 48,000 tons of steel.
CNOOC at risk of delisting in US as sanctions bite
Chinese oil majors may be next in line for delisting in the US after the New York Stock Exchange said last week it would remove the Asian nation’s three biggest telecom companies.