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
Ineos makes third major US investment in three years with deepwater purchase
Ineos Energy has acquired the Gulf of Mexico business held by CNOOC Energy Holdings USA, the company’s third major US investment in the past three years.
LNG, not the energy supply panacea that it’s touted to be
While there may be broad agreement on the potential benefit of liquefied natural gas in terms of reducing air pollutants, the impact of LNG in terms of greenhouse gas (GHG) emissions has clearly become a point of contention.
DEALS: Aberdeen’s ADC extends rig inspection job with TotalEnergies in Suriname
ADC Energy announced it has extended a contract with TotalEnergies (PAR:TTE) after the French firm agreed to push ahead with at $9 billion (£6.9bn) oil and gas development offshore Suriname.
Aberdeenshire oilfield firm EnerQuip expands Houston presence
Aberdeenshire oilfield equipment firm EnerQuip has significantly expanded its presence in the United States after purchasing a premises in Houston.
Aberdeen’s MDL wins ultra-deep water SURF deal in Brazil
Flex-lay specialist Maritime Developments Ltd (MDL) has celebrated a new contract win as it attends the Rio Oil and Gas show, now called ROG.e.
Tropical Storm Francine disrupts Gulf Coast oil, gas output
ropical Storm Francine forced some oil drillers to halt production and evacuate crews as it barreled through the Gulf of Mexico, and was expected to strengthen to a Category 2 hurricane as it heads toward the coast of Louisiana.
Scottish underwater robotics firm HonuWorx secures seven figure investment
Scottish subsea robotics firm HonuWorx has secured "seven-figure" investment backing for its plans to slash costs and emissions for offshore repair and inspection work.
UK ‘committing suicide economically’ over North Sea policies, Hunting CEO says
Hunting CEO Jim Johnson sees strong growth for the 150-year-old firm in South America and the Middle East, but his outlook is less positive for the UK.
TotalEnergies unit fined $48m for attempted market manipulation
A trading unit of French oil major TotalEnergies (LON:TTE) has been fined $48 million by the US Commodity Futures Trading Commission over allegations that the firm attempted to manipulate gasoline markets.
Oil driller Borr sees wave of shallow-water rigs retiring
Offshore oil contractor Borr Drilling Ltd. (NYSE:BORR) expects almost a third of the world’s fleet of shallow-water rigs to be retired in the coming years because of their age, leading to higher daily leasing rates.
US oil and gas must cut methane 80% to meet industry targets, new data shows
One of the most comprehensive aerial surveys of methane gushing from US oil and gas facilities shows operators must slash emissions by roughly 80% or more to meet major industry targets.
Kamala Harris seen as tougher oil industry opponent than Biden
As California attorney general, Kamala Harris brought lawsuits against fossil fuel companies, prosecuted a pipeline company over an oil leak and investigated Exxon Mobil Corp. for misleading the public about climate change.
Senate probes possibility of collusion between Big Oil and OPEC
A US Senate committee is investigating whether oil producers are illegally coordinating with OPEC to raise prices, following allegations that the former head of Pioneer Natural Resources Co. colluded with the cartel.
Noble grabs ‘first mover advantage’ with Diamond Offshore acquisition
Noble Corporation (NYSE:NE) has grabbed "first mover advantage" in an offshore rig market set for further consolidation, according to analyst firm Wood Mackenzie.
Drilling firm Noble to acquire competitor Diamond Offshore
US offshore drilling rig operator Noble Corp has announced it will acquire smaller rival Diamond Offshore in a cash and stock deal worth around $1.59 billion (£1.25bn).
Update: ConocoPhillips agrees to buy Marathon Oil, FT reports
ConocoPhillips has agreed to buy Marathon Oil (NYSE:MRO) in a $17 billion all-stock deal.
Exxon investor sued for climate proposal promises to back off
The ExxonMobil investor that the oil giant is suing for its climate-related shareholder proposal is promising not to file similar motions in the future in a bid to get the legal action dropped.
Exxon suit targeting activist climate proposals moves ahead
Exxon Mobil Corp. (NYSE:XOM) can proceed with its lawsuit against Arjuna Capital even after the activist investor group withdrew a shareholder proposal the company opposed, a federal judge ruled.
John Hess personally calls investors to support Chevron deal before vote
John Hess, the boss of the oil company that bears his family name, is talking to directly with shareholders in a last-ditch effort to ensure enough support for a $53 billion takeover by Chevron Corp. (NYSE:CVX), according to people familiar with the matter.
UAE oil giant buys into NextDecade LNG in first US deal
The United Arab Emirates’ main oil company bought a stake in NextDecade Corp.’s (NYSE:NEXT) natural gas export project in Texas, in a first US acquisition that also gives it a 20-year supply deal.
Calpers opposes all Exxon directors amid shareholder dispute
Calpers, the largest state public pension fund in the US, will vote against all Exxon Mobil Corp. (NYSE:XOM) directors, saying the oil giant is undermining shareholder rights.
Brazil president Lula fires Petrobras CEO after dividend dispute
Brazil’s President Luiz Inacio Lula da Silva has fired Jean Paul Prates, the chief executive of state-owned oil company Petroleo Brasileiro SA, following a dispute over dividend payments.
Diamond Offshore returns to profit with $11.6m earnings in Q1
Offshore rig operator Diamond Offshore Drilling (NYSE:DO) returned to profit with $11.6 million in Q1 earnings, a marked turnaround from its previous quarter loss.
Chevron launches $500 million fund to invest in clean tech
Chevron Corp.’s (NYSE:CVX) venture arm launched a fund — its third — with a $500 million commitment to invest in clean energy technologies.
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.