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
Canada to reveal plan for emissions cap on oil and gas
Prime Minister Justin Trudeau’s government plans to unveil its proposal to cap oil and gas emissions this fall, a policy that will test Canada’s ability to meet its climate targets without knee-capping a crucial economic sector.
Aberdeen’s Centurion Group marks further expansion in Canada
Centurion Group has acquired Canadian wastewater rentals and treatment provider RioView, in a further expansion into the North American market.
Seatrium scores hat trick with Shell FPU award
The FPU would follow the same model as the Vito and Whale facilities, with Seatrium involved in both.
ConocoPhillips deal triggers divestment alert from pension investors
ConocoPhillips (NYSE: COP) has been put on divestment watch by some of Europe’s biggest pension funds, after using proceeds from a recent debt financing to expand its business in oil sands.
Former Capricorn execs land at Rockhopper
“We are looking forward to leveraging Simon’s experience in respect of our ongoing arbitration regarding Ombrina Mare, and Paul’s expertise in securing FID for offshore energy projects.”
Ecopetrol lines up deepwater well for fourth quarter
The company has signed up the Noble Discoverer to carry out the work. The Noble-owned rig will come from Suriname, where it will be under contract with Petronas between August and November.
Hercules adds trip back to Canada for Equinor
Equinor shelved its ambitious Bay du Nord development plans in May. However, the company is continuing to pursue exploration in the area.
Exxon awarded $77 million in claim against Venezuela
The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4 billion over the nationalization of Venezuela’s Cerro Negro and La Ceiba crude projects in 2007.
Canada bans some fossil fuel subsidies, meeting decade-old G-20 pledge
Canada revealed new rules to ban some fossil fuel subsidies, targeting those that unfairly advantage oil and gas, solely support sector activities or endorse consumption of fuels that worsen climate change.
Colombia’s radical oil minister Irene Velez quits amid scandal
Colombia’s Mines and Energy Minister Irene Velez, a radical environmentalist who opposed new oil exploration contracts, quit Wednesday amid a scandal.
Large oil spill reported near site of Pemex platform blast in Gulf of Mexico
Petroleos Mexicanos is responding to an oil spill in the Gulf of Mexico near the site of a deadly explosion at one of the state-owned company’s natural gas platforms.
Exxon to buy Denbury for $4.9bn in CO2 pipeline push
Denbury’s Rocky Mountain assets are connected to Exxon’s Shute Creek gas facility near LaBarge, Wyoming, which has captured more carbon than any other asset in the US.
TotalEnergies backs NextDecade’s Texan LNG FID
Other partners include Global Infrastructure Partners (GIP), GIC and Mubadala. These companies will provide $4.8bn and will receive 62.5% of funds generated from the Rio Grande LNG first phase. The largest commitment comes from GIP, which is stumping up $3.5bn.
Is the Pemex fire highlighting a profit over people culture?
Safety should always be at the forefront of not just the energy industry but every sector, however, some say the reporting last week's fatal fire on a Pemex rig in Mexico highlights a profits-over-people mentality.
Centrica signs major LNG supply agreement
Centrica has struck a long-term sale and purchase agreement for a million tonnes a year of liquefied natural gas (LNG) from the US.
Pemex platform fire leaves two dead, one missing
Two people died and one remains missing after an explosion and fire at a Petroleos Mexicanos (Pemex) natural gas platform in the Gulf of Mexico early Friday, the company said.
California quietly shelves $15 billion pension divestment bill
The California State Assembly has shelved legislation that would have forced the country’s two largest pension funds to divest an estimated $15 billion from oil and gas companies, a major blow to environmental advocates who hoped the funds could be a national model for the divestment movement.
Exxon, KCA Deutag accident had “potential for fatality”
There were a number of near misses on Hebron in 2021. Incidents included injuries on the facility and a support vessel.
Biden blocks activist bid to slash oil output from federal lands
The Biden administration has formally rebuffed a bid by environmental activists to phase down oil and gas production on federal lands and waters, marking its latest nod to the endurance of fossil fuels in a warming world.
CGX share price slides despite Guyana success
Drilling costs have been an issue at the Wei well. In June, CGX reported these had risen to $190-195mn. Before drilling, the companies had predicted $130-140mn.
Aberdeenshire subsea firm finds lost Titanic submarine
The discovery gives some closure to the families of the five people who lost their lives.
Pemex helicopter crashes, two dead
Pemex CEO Octavio Romero Oropeza described it as a “very unfortunate accident”, pledging an investigation into the cause of the problem.
Titanic sub crew dead after vessel’s catastrophic implosion
The five crew members on the missing submersible that was headed to the Titanic died from a “catastrophic implosion” of their vessel.
Pipelay vessel assists search for missing Titanic submarine
TechnipFMC’s Deep Energy vessel is assisting in search efforts for a submarine which went missing on an expedition to explore the wreck of the Titanic off the Canadian coast.
Woodside takes FID on $7.2bn Trion development
Pemex discovered Trion in 2012. The Mexican company brought BHP Billiton in to the plan in 2016 in order to help develop the field. Now, the companies have drilled six wells on the field. Woodside bought BHP in 2022.