Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum.It also quadrupled its debt - to $40 billion - at a time when investors are calling for spending cuts and higher dividends…
Malaysian state-owned oil firm Petroliam Nasional Bhd (Petronas) said on Wednesday it had relocated its floating liquefied natural gas facility to the eastern state of Sabah, nearly two years after it began operations.The Petronas FLNG (PFLNG) Satu is now moored in the Kebabangan cluster field…
The European Marine Energy Centre has secured a lease extension on its primary tidal energy test site until 2040 from Crown Estate Scotland.The extension will support the long-term ambitions and demonstration plans of EMEC’s clients.The grid…
Chesapeake Energy Corp's quarterly profit beat analysts' estimates on Wednesday and the company said it expects to produce more crude oil in 2019, boosted by its acquisition of WildHorse Resource in October.Chesapeake's shares rose 10 percent before the opening bell…
Ireland-focused oil and gas exploration company backed by Seacrest Capital AzEire has been awarded an extension of a frontier exploration license (FEL) and a conversion of a license option to an FEL.'The Minister of State at the Department of Communications…
Hurricane Energy's floating production, storage and offloading (FPSO) vessel has been connected to the group's North Sea Lancaster oilfield, another milestone for the group as it seeks to extract so-called fractured basement oil in Britain.Hurricane…
Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion for Anadarko Petroleum Corp, a bid that topped a $33 billion offer by Chevron Corp.Both suitors are offering a premium…
British oil firm EnQuest's shares slumped to a three-year low on Tuesday after Cairn Energy, its partner in its flagship Kraken project, cut its estimate of the oilfield's reserves by around a fifth.The Kraken oil and gas field in the British North Sea is EnQuest's largest producing asset…
U.S. President Donald Trump and the Saudi government have closely aligned views on most issues but they disagree significantly on the desirable level for oil prices, which could become a source of volatility in 2019/2020.In keeping with his iconoclastic approach to governing…
The number of Maersk vessels experiencing delay at APM Terminals at Maasvlakte II as a consequence of bunker activities reduced significantly during a Pronto pilot.The involved parties explain how real-time insight into each other’s scheduling helps prevent bottlenecks…
Jeffrey Skilling, the onetime chief of Enron Corp who was sentenced to 24 years in prison for his conviction on charges stemming from the company’s spectacular collapse, has been released from federal custody, the Houston Chronicle reported on Thursday…
The Dutch tank storage company Royal Vopak, Groningen Seaports and Whitehelm Capital announce their intention to jointly invest in a 27 MW solar park. The solar photovoltaic field will be one of the largest currently in the Netherlands.The…
Elengy, a unit of the French energy company and LNG player Engie, reported record activities at its liquefied natural gas (LNG) terminals during 2018.The French LNG operator said in a press release thatits Montoir-de-Bretagne terminal also reached a number of milestones during the year…
Oil and gas producer Anadarko Petroleum Corp on Tuesday reported a fourth-quarter profit that missed analysts' estimates by a wide margin, as it spent more on its projects in West Texas and northeast Colorado.Oil producers, betting on a recovery in oil prices since their slump in 2014…
Australia’s liquefied natural gas (LNG) export earnings have been revised upwards for 2018-19 and are forecast to total $50.4 billion, an increase of nearly 60 per cent compared to 2017-18, overtaking metallurgical coal as Australia’s second largest resources and energy export…
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