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McDermott Expects to Keep Paying Wages and Benefits
Wednesday, January 22, 2020 All of McDermott's businesses are expected to continue to operate as normal for the duration of its recently announced restructuring, the company has confirmed.
Phillips 66 and REG Scrap Renewable Diesel Project
Wednesday, January 22, 2020 Phillips 66 and Renewable Energy Group have announced that they are discontinuing their joint effort to construct a large-scale renewable diesel plant in Ferndale, Washington.
Oil Chiefs at Davos Debate Tougher CO2 Cuts
Wednesday, January 22, 2020 The bosses of some of the world's biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday.
TechnipFMC Split Well on Track
Tuesday, January 21, 2020 TechnipFMC has announced that its planned transaction to separate into two companies is 'well on track' for completion in the first half of 2020.
Keppel Infrastructure Acquires 20% Stake in MET Group
Thursday, January 16, 2020 Keppel Corporation Limited subsidiary Keppel Infrastructure has completed its acquisition of a 20 percent stake in European energy company MET Group.
SIA Bags Very Large Sangomar Contract
Monday, January 13, 2020 Subsea 7 has announced the award of a 'very large contract' by Woodside to Subsea Integration Alliance for the Sangomar Field Development Phase-1 project offshore Senegal.
Bankrupt Alta Mesa Gets $310MM Bid
Monday, January 06, 2020 JV BCE-Mach III LLC offered up a stalking horse bid for the embattled energy company and its midstream affiliate.
Energy Transfer Lays Off 108 Oklahoma Workers
Monday, January 06, 2020 Energy Transfer LP has laid off 108 employees at its Tulsa, Oklahoma office, according to a notice sent to the Oklahoma Office of Workforce Development.
Tenaris Embarks on US Expansion
Friday, January 03, 2020 Tenaris S.A. has acquired U.S. steel pipe manufacturer IPSCO Tubulars, Inc. from PAO TMK for nearly $1.1 billion in cash.
US M&A Primed for a Comeback
Thursday, January 02, 2020 More than half a trillion dollars were spent on shale assets in the last 10 years.
Petrofac Secures $130MM PDO Awards
Tuesday, December 31, 2019 Petrofac has secured a new contract, and an additional scope of work, with Petroleum Development Oman.
Petronas Completes Offshore Brazil Deal
Monday, December 30, 2019 Petronas has completed the acquisition of a 50 percent stake in the Tartaruga Verde producing field and Module III of the Espadarte field.
NLNG Expansion Project Gets Green Light
Friday, December 27, 2019 Eni and its partners in Nigeria LNG have taken the final investment decision for the expansion project of the LNG plant.
TAQA Secures $3.5B Revolving Credit Facility
Tuesday, December 24, 2019 Abu Dhabi National Energy Company PJSC (TAQA) revealed Monday that it has secured a $3.5 billion revolving credit facility.
Shareholders Approve Callon-Carrizo Merger
Friday, December 20, 2019 After a delayed vote, both Callon Petroleum Company and Carrizo Oil & Gas, Inc. shareholders voted to approve the companies' all-stock merger Friday morning.
Chevron Makes $292MM PEAH Deal
Thursday, December 19, 2019 Chevron signs a conditional share sale agreement to acquire all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd for $292 million.
Aramco Closes $1.2B Hyundai Oilbank Deal
Wednesday, December 18, 2019 Aramco completes the acquisition of 17 percent of Hyundai Oilbank for approximately $1.2 billion.
Aramco Falls Below $2T
Wednesday, December 18, 2019 Shares in Saudi Aramco dropped for a second day in a row.
Blackstone to Snag Tallgrass with Beefed Up Bid
Wednesday, December 18, 2019 U.S. pipeline operator Tallgrass Energy, LP has entered into a definitive merger agreement under which Blackstone Infrastructure Partners will acquire all of Tallgrass' remaining shares.
WPX Energy to Buy Felix Energy for $2.5B
Tuesday, December 17, 2019 Independent energy producer WPX Energy will purchase Felix Energy for $2.5 billion.
Aramco Shares Dip
Tuesday, December 17, 2019 Shares in Aramco fell, losing ground for the first time since the oil giant's record initial public offering last week.
Exxon and Chevron Targeted by Follow This
Monday, December 16, 2019 The Dutch activist fund that has filed shareholder resolutions pressuring major oil companies in Europe to take action on climate change has set its sights on the U.S.
New Equinor Deals Cover 500+ Jobs
Monday, December 16, 2019 Equinor has awarded new framework agreements for safety and automation systems to five suppliers.
Aramco Set to Pay Banks $64MM for Record IPO
Friday, December 13, 2019 Saudi Aramco is poised to pay a combined $64 million to the banks that arranged the world's largest initial public offering.
Var Energi Closes Exxon Deal
Thursday, December 12, 2019 Var Energi has confirmed that its acquisition of ExxonMobil's upstream business in Norway has completed.
Norway Oil Lobby Raises Spending Forecasts
Thursday, December 12, 2019 Norway's oil lobby raised the investment forecast for the country's offshore industry for the coming years.
Talos Splashes $640MM on US GOM Assets
Wednesday, December 11, 2019 Talos Energy has entered into a series of definitive agreements to acquire a portfolio of U.S. Gulf of Mexico assets for $640 million.
China Sets Up National Pipeline Company
Monday, December 09, 2019 China announced the creation of its long-planned national oil and gas pipeline company.
Energy Transfer Expands Pipeline Network
Thursday, December 05, 2019 The expansion comes with the closure of Energy Transfer's SemGroup acquisition.
EnQuest Gets Offshore Malaysia PSC
Wednesday, December 04, 2019 EnQuest has been awarded the Block PM409 Production Sharing Contract by Petronas.
Oil Set for 4th Weekly Gain Ahead of OPEC+ Meeting
Friday, November 29, 2019 Oil is heading for a fourth weekly gain before a key OPEC+ meeting next week that will set the path for future production cuts.
Riyadh Signals it's Had Enough of OPEC+ Cheats
Friday, November 29, 2019 For the last year, Saudi Arabia has largely turned a blind eye to cheaters within the OPEC+ alliance. Now, it's had enough.
Aramco IPO Bids Reach $44.3B
Friday, November 29, 2019 Saudi Aramco's IPO has drawn total bids of 166 billion Saudi riyals ($44.3 billion) so far from institutional and retail investors.
Cairn Exits Norway
Wednesday, November 27, 2019 Cairn Energy plc has entered into an agreement to sell the entire share capital of Capricorn Norge AS, the company's wholly owned subsidiary in Norway.
Kosmos Completes US GOM Resolution Well
Tuesday, November 26, 2019 Kosmos Energy announced Tuesday that it has completed drilling the Resolution exploration well in the U.S. Gulf of Mexico.
Icahn to Seek Control of Oxy Board
Monday, November 25, 2019 Carl Icahn plans to nominate a slate of 10 directors in an attempt to seize control of the board of U.S. oil and gas producer Occidental Petroleum Corp., according to people familiar with the matter.
Ex-Petrobras Trader Tells Judge Vitol Bribed Him
Monday, November 25, 2019 A former Petrobras oil trader told a Brazilian judge he received bribes from Vitol Group to favor the firm in contracts with the crude producer, court documents show.
OPEC+ Likely to Retain Output Targets in Dec
Thursday, November 21, 2019 OPEC+ seems 'increasingly likely' to retain its production targets at its next meeting, according to a new research note from Jefferies.
India Approves State-Run Refiner Privatization
Thursday, November 21, 2019 India launched its biggest privatization drive in more than a decade.
Siemens CEO Looks to Shake Things Up With Energy Spinoff
Wednesday, November 20, 2019 Siemens AG aims to shed about 75% of its struggling power and gas unit in one of the most radical moves to date by CEO Joe Kaeser to untangle the sprawling conglomerate and try to boost its valuation.
ConocoPhillips Unveils its 10-Year Operational Plan
Tuesday, November 19, 2019 ConocoPhillips revealed its 10-year plan on Tuesday, which exhibits a commitment to capital discipline while providing higher returns to shareholders.
Saudi Arabia Cuts Aramco Valuation
Monday, November 18, 2019 Saudi Arabia set a valuation target for Aramco's IPO well below Crown Prince Mohammed bin Salman's goal of $2 trillion.
Supermajor Asset Sale Could Fetch $27B
Monday, November 18, 2019 Oil and gas supermajors are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy.
Paulson No Longer Opposes Callon-Carrizo Deal
Monday, November 18, 2019 Hedge fund Paulson & Co. Inc. is dropping its opposition to U.S. shale producer Callon Petroleum Company's buyout of rival Permian player Carrizo Oil & Gas.
Saipem to Consider Combining with Subsea 7
Friday, November 15, 2019 Saipem is considering a combination with rival Subsea 7 to create a larger European oil services provider, people with knowledge of the matter said.
Callon, Carrizo Amend Acquisition Deal Amid Shareholder Opposition
Thursday, November 14, 2019 Following months of opposition from one of its largest shareholders, Callon Petroleum Company has lowered its acquisition offer for rival Permian player Carrizo Oil & Gas, Inc.
Oxy Forms Permian JV with Ecopetrol
Wednesday, November 13, 2019 Occidental has closed its previously announced Permian Basin joint venture with Colombia-based Ecopetrol S.A.
EU Majors Take Stakes in Abu Dhabi Oil Bourse
Monday, November 11, 2019 BP, Shell and Total are among partners in a new exchange to trade Abu Dhabi's flagship oil grade in what could become a new price benchmark for a fifth of the world's crude.
Oxy to Sell Permian Campus After Anadarko Acquisition
Monday, November 11, 2019 Occidental plans to sell a four-story office building in the heart of the Permian Basin and move employees into a nearby one owned by Anadarko.
Equinor Inks $325MM Deal to Sell Eagle Ford Assets to Repsol
Friday, November 08, 2019 Equinor has signed an agreement to divest its position in the Eagle Ford to Repsol for $325 million.