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Repsol’s carbon-reduction pledge puts the onus on peers to follow suit

Repsol’s carbon-reduction pledge puts the onus on peers to follow suit

Repsol’s announcement this week that it will eliminate emissions from its business by 2050. The first WindFloat Atlantic unit featuring the world’s largest offshore wind turbine on a floating platform has departed for its final destination. In line with its commitment to sustainability, Repsol aims to achieve net zero emissions by 2050. It throws down...

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Aramco IPO retail offering fully covered with one day to go

Aramco IPO retail offering fully covered with one day to go

The retail tranche of Saudi Aramco’s initial public offering is fully covered with one day to go after 3.7 million investors applied. Saudi Aramco recently honored a number of local manufacturers distinguished for offering high-quality products. Saudi Aramco is participating in the 2019 Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). Company issued a prospectus...

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KCA Deutag secures $460m of land drilling contracts in the Middle East, Africa and Europe

KCA Deutag secures $460m of land drilling contracts in the Middle East, Africa and Europe

Global drilling and engineering contractor KCA Deutag announced that its land drilling operation has won new contracts. RDS, KCA Deutag’s engineering and design unit, reported last Tuesday that it has won a contract. Global drilling and engineering contractor, KCA Deutag, has been awarded two services contracts with BP Exploration. It is approximately $460m in the...

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Marathon investors say shareholders back removal of CEO

Marathon investors say shareholders back removal of CEO

Two activist investors in Marathon Petroleum say there is now broad-based shareholder support for immediate changes. Company announced that it has completed three separate transactions. Company announced today that it sent an irrevocable notice of early redemption. Marathon Oil, through its wholly owned subsidiaries, is the operator and majority shareholder of the integrated gas. The...

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Chevron’s buyer for UK fields seek funds from commodity traders

Chevron’s buyer for UK fields seek funds from commodity traders

A unit of Delek Group Ltd. is seeking alternative means of financing to complete its $2 billion. Chevron Corporation announced that it has signed a Share Purchase agreement. Company announced a 2019 organic capital and exploratory spending program of $20 billion. The acquisition of some of Chevron Corp.’s North Sea oil and gas assets after...

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Petrofac sells remaining 51% of Mexican operations

Petrofac sells remaining 51% of Mexican operations

Petrofac has signed an agreement to sell its remaining 51% interest in its operations in Mexico. Petrofac’s Engineering & Production Services business has been awarded a three-year Operations & Maintenance Support Services. Petrofac has been awarded a well plugging and abandonment contract with leading independent energy company. It ncluding Santuario, Magallanes and Arenque, to Perenco...

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BP focuses on deepwater, shale in historic shift south from Alaska

BP focuses on deepwater, shale in historic shift south from Alaska

BP has closed one chapter in its U.S. business, exiting Alaska decades. BP’s mergers and acquisitions (M&A) team is increasingly targeting new low carbon opportunities too. It’s developing a nationwide ultra-fast charging network is just the latest development for BP Chargemaster. The old BP discovered billions of barrels of oil on the country’s farthest frontier....

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Acteon acquires Proserv’s field technology services, survey businesses

Acteon acquires Proserv’s field technology services, survey businesses

Acteon is adding subsea cutting expertise to its Claxton brand. Acteon has announced the start-up of Clarus Subsea Integrity Inc. UTEC, a global surveying company in subsea services group Acteon has appointed Jon Beatty. Subsea services group Acteon has enhanced its capabilities in the provision of temporary. Acteon Group Ltd has acquired subsea corrosion specialist...

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Global Petroleum Show to address critical issues facing Canadian, global E&P industry

Global Petroleum Show to address critical issues facing Canadian, global E&P industry

The 51st installment of the Global Petroleum Show (GPS), North America’s largest onshore-oriented oil-and-gas event. Company says it has been sufficiently encouraged in the prospectivity within the Juan de Nova Est permit. Global Petroleum has opened a data room for prospective partners interested in farming into the company’s Namibian acreage. Global Petroleum’s transformation into an...

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ExxonMobil’s Gulf of Mexico sale draws interest from Repsol, Ineos

ExxonMobil’s Gulf of Mexico sale draws interest from Repsol, Ineos

ExxonMobil Corp. has drawn interest from Repsol SA. The study evaluates planned development activities over the next 40 years. Thirty one institutions of higher learning in New Jersey receive funds. It specialty thermoplastics help reduce vehicle. It ten-year agreement with National Renewable Energy Laboratory. The funding will be provided to the Red Cross to assist...

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