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Countries Mull Delaying New EU Carbon Market in Search of Climate Deal
June 15, 2022
European Union countries are considering a one-year delay to the launch of a new European carbon market for buildings and transport, pushing back the start to 2027, as they seek a compromise on more ambitious climate policies, draft documents show.
Shell Greenlights $2.5 Billion Crux Gas Project Off Australia
June 10, 2022
Shell Australia and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Crux will provide further supplies of natural gas to
Saipem Sells Onshore Drilling Business to KCA Deutag for $550 Million
June 3, 2022
Italian energy services group Saipem said on Wednesday it had agreed to sell its drilling onshore business to British-based oil drilling contractor KCA Deutag (KCAD) for $550 million. As part of the deal — which takes the Italian company further
Mining Giant Glencore Pleads Guilty to UK Bribery Charges
May 25, 2022
A subsidiary of the mining and commodities trading giant Glencore has pleaded guilty to seven counts of bribery in a London court. The firm also said it will pay more than $1 billion (£800 million) to resolve similar claims with
Halliburton and Aker BP Collaborate to Develop Next Generation Field Development Planning
May 24, 2022
Halliburton Company said it and Aker BP will co-develop next generation field development planning software. The collaboration delivers a new cloud application — Field Development Planning (FDP) — from Halliburton. It also expands the scope of the current Digital Well
Germany Ramps Up Capacity for LNG Imports to Replace Russian Gas
May 6, 2022
Germany on Thursday took steps to ramp up liquefied natural gas (LNG) imports as it moves away from piped Russian supply, lining up charters for four floating storage and regasification units (FSRUs) and choosing the North Sea port of Wilhelmshaven
Coterra and Devon Study New LNG Opportunities
May 4, 2022
Shale producers Coterra Energy and Devon Energy said they were evaluating new opportunities tied to liquefied natural gas (LNG) but warned of a “crowded” market and challenging economics. Demand for U.S. LNG has boomed in recent months, driven by shortages
PetroRio to Acquire Petrobras’ Stake in Albacora Leste Field for $2.2 Billion, Offshore Brazil
May 2, 2022
PetroRio, through its subsidiary Petro Rio Jaguar Petróleo, has agreed to acquire a 90 percent operating stake in the producing Albacora Leste field, offshore Brazil, from Petróleo Brasileiro (Petrobras) for $2.2 billion. The remaining 10 percent stake in the field
Russia’s Gas Supply Cuts in Europe Could Fuel More U.S. Coal-to-Gas Switching
May 2, 2022
The U.S. power market may be in for another wave of coal-to-gas switching this summer as potential replacement fuel demand from Western Europe drives global coal prices higher. The price pressure could come following a recent but potentially extended suspension
Nabors Invests in Ultra-Deep Geothermal Drilling Technology Innovator, GA Drilling
April 29, 2022
Nabors Industries Ltd. has added to its clean energy portfolio with a US$8 million investment in GA Drilling. This strategic investment expands Nabors’ commitment to deep-drilling technologies tapping super-hot, ultra-deep rock reservoirs. GA Drilling, a geothermal technology company with headquarters
