Weatherford International plc (WFT) recently initiated a private offering of an additional $250 million gross principal amount of the company's 9.875% senior notes due 2024.
SCANA Corporation (SCG) and Santee Cooper have announced that the Interim Assessment Agreement with Westinghouse Electric Company, LLC has been revised to extend the term of the agreement through Aug 10, 2017.
Statoil ASA (STO), on behalf of its license partners has decided that the Johan Castberg operation will be supported by a supply and helicopter base in Hammerfest and an operations organization in Harstad.
Eni SpA (E) set out its first liquefied natural gas (LNG) shipment produced from the Jangkrik field for the Indonesian domestic market. The field is located in Indonesia in deep water.
Energy Transfer Partners (ETP) welcomed the decision of a Federal Court judge who ruled that the Dakota Access Pipeline will remain operational during the ongoing hearing process.
Russia’s state oil giant Gazprom is in talks with major operators to supply additional volumes of natural gas to the UK, Gazprom’s deputy chief executive Alexander Medvedev told Bloomberg in an interview published on Friday. The UK aims to shut coal-fired plants by 2025, while its biggest supplier of energy to residents, Centrica, has just decided to close the country’s largest gas storage facility. “We see an appetite from major players in the U.K. for additional volume of contracted gas,” Medvedev told Bloomberg,…
Eni SpA (E) has inked an agreement with JSC KazMunayGas that consists of the renewal of the conditions for the transfer to Eni of 50% of the subsoil use rights in the Isatay block, for exploration and production of hydrocarbons.
The oil industry possesses numerous hidden gems that investors view as opportunities for massive capital gains.
The French Energy Ministry has prepared a draft law that would terminate the granting oil and gas exploration licenses at home and in overseas territories. In a tweet, Minister Nicolas Hulot said, “There will be no new permits for oil and gas exploration, we will vote a law this fall.” While some reactions to Hulot’s tweet were praises for the initiative, other commenters questioned the effect this law—if passed—would have on France’s CO2 emissions and the public reaction, which, one commenter suggested, may…
Nigerian crude exports will top 2 million barrels per day in August, reaching a 17-month high, according to new data compiled by Reuters on Thursday. Attacks by militants in the Niger Delta had crippled production in 2016, but the African nation has been rebuilding output steadily through 2017. Drops in output last year were so bad that OPEC exempted Abuja from the bloc’s November deal to cut production by 1.2 million barrels per day. The new rise in exports can partially be attributed to delayed shipments from July, Reuters said. An…
Petrobras (PBR) recently approved to settle a shareholder lawsuit filed by The Vanguard Group, Inc. to recoup the losses related to the corruption charges against the company.
Schlumberger Ltd. (SLB) announced that it has formed a joint venture (JV) with HEAL Systems, previously Production Plus Energy Services Inc. The JV is related to the development of the company's production optimization technology and business.
Statoil ASA (STO) and its partners have received approval for the plans for development and operation (PDO) of Njord and Bauge in the Norwegian Sea.
Schlumberger Ltd (SLB) has been informed of an unsolicited "mini-tender" offer by TRC Corporation to acquire about 2 million shares of the company's common stock.
Eni SpA (E) has been awarded three out of 10 offshore blocks by Mexico's National Hydrocarbon Commission (CNH) in the Sureste Basin, situated in the Gulf of Mexico.
Canadian Solar Inc. (CSIQ) has announced the divestment of 80% stake of its Pirapora II solar energy project to EDF EN do Brasil.
Hess Corporation (HES) recently inked a deal with Permian Basin's largest operator, Occidental Petroleum Corporation (OXY) to sell stakes in some enhanced oil recovery assets in West Texas and New Mexico.
Kinder Morgan (KMI) recently raised C$5.5 billion for the controversial Trans Mountain pipeline expansion despite strong opposition.
Chevron Corporation (CVX) welcomed the recent verdict of the U.S. Supreme Court which immunized Chevron from the payment of a landmark $9.5 billion fine for a pollution related case in Ecuador.
Royal Dutch Shell PLC (RDS.A) recently inked a purchase and sale agreement with world's premier liquefied natural gas company Qatargas.