Commenting on Chevron’s US$50 billion cash-and-stock acquisition of Anadarko, Roy Martin, Wood Mackenzie’s senior corporate analyst, said “This is the biggest upstream deal since Shell and BG in 2015.
Maersk Supply Service signed a contract with Eniram, a Wärtsilä company, to install an Energy Advisory System on its vessels. The system will use high quality data to optimize operations and save fuel in real time, lowering the company’s carbon footprint and fuel costs for customers.
Chevron’s $33 billion bid for Anadarko Petroleum may presage a new Permian basin buying spree, with Pioneer Natural Resources and Concho Resources among the next prime targets.
At $33 billion, Chevron’s acquisition of Anadarko Petroleum is something of a bargain, according to investors.
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, signed an agreement to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek Group Ltd. The total consideration for this deal is $965 million in cash.
President Donald Trump's nominee for interior secretary, David Bernhardt, a former oil lobbyist, has been confirmed by the U.S. Senate in a vote Thursday.
More than a third of Aramco’s oil is currently fed into its fully-owned and joint venture refineries, according to its bond prospectus. The company plans to double its refining network to handle as much as 10 MMbopd by 2030, locking in a friendly buyer for the kingdom’s crude.
The Permian Basin has produced so much natural gas that by the end of 2018 producers were burning off more than enough of the fuel to meet residential demand across Texas.
President Donald Trump on Wednesday signed executive orders intended to ease permitting and construction of pipelines and other energy infrastructure – an action that quickly drew the praise of industry organizations.
A contractor boring under a sidewalk hit a 2-inch gas line caused an explosion that partially collapsed a North Carolina building, killing one person and injuring more than a dozen others, police said.
Exxon Mobil is in discussions to build a platform that would expand the export reach of Israel’s biggest natural gas field.
A working meeting between Alexey Miller, chairman of the Gazprom Management Committee, and Sylvie Bermann, ambassador extraordinary and plenipotentiary of France to the Russian Federation, took place today at the Arctic: Territory of Dialogue 5th International Arctic Forum in St. Petersburg.
“When it comes to the future of America’s energy needs, we will find it, we will dream it, and we will build it.” -- President Donald J. Trump
Ensco Rowan plc, has announced the completion of the previously disclosed merger of Ensco plc and Rowan Companies plc, which follows the satisfaction of the transaction’s closing conditions including overwhelming approval by each company’s shareholders and sanction by the UK Court of the scheme of arrangement implementing the transaction.
JERA, the world's top buyer of liquefied natural gas, said it had signed an agreement with a Mitsubishi Corp unit to buy up to 16 cargoes, or 1.2 million tons per year (Mtpy), of LNG from the LNG Canada project.
Desgagnés enthusiastically announced the acquisition of a 5th dual-fuel (diesel/LNG) oil/chemical tanker, the M/T Fure Vinga, soon to be renamed M/T GAÏA DESGAGNÉS.