Guzman Energy Group – a full-service energy company whose services include providing wholesale power, energy trading and hedging services – has announced that it has secured US$130 million in additional liquidity to continue to expand its efforts to deliver cheaper and greener energy to consumers…
A federal judge in Montana has ordered the US State Department to do a full environmental review of a revised route for the Keystone XL oil pipeline, possibly delaying its construction and dealing another setback to TransCanada Corporation. For more than a decade, environmentalists,…
Industry body UK Onshore Oil and Gas (UKOOG) has welcomed the decision to grant Ineos planning permission for an exploration site at Bramleymoor Lane in Derbyshire. “This follows a successful appeal which saw thorough representation on both sides of the debate,” UKOOG Chief Executive…
The Australian government will make a review into the commercial value of south-east Australian offshore petroleum titles in order develop offshore reserves “as soon as possible,” warning that some companies might lose retention leases if inactive. Minister for Resources and Northern Australia Matt Canavan…
The PSA said on the 16th August that it had given consent to Aker BP to use the Maersk Invincible drilling rig on the Valhall Flank North (VFN) and Valhall Flank South (VFS) fields. The consent applies to the use of Maersk Invincible for production…
In its second Permian-focused deal signing in a month, Diamondback Energy Inc, Midland, Texas, has agreed to acquire Energen Corporation, Birmingham, Alabama., in an all-stock transaction valued at US$9.2 billion, including Energen’s net debt of US$830 million. The combine will increase Diamondback’s Tier 1…
Arizona Public Service is studying the possibility of using excess energy from its Palo Verde Nuclear Power Plant, when solar energy is flooding the grid, to desalinate brackish water. In Illinois, Exelon is looking at repurposing a reactor to produce hydrogen when there is…
Wood has extended the SURF IM Network, which the company formed in 2014 with a view to sharing experience and lessons learned from subsea integrity and reliability issues. The initiative is at present supported by BP, Chevron, ExxonMobil, Hess, Husky, Petronas, Shell, Suncor, Total,…
The recovery in the oil industry is attracting some of the most recognised billionaires in money management. Stanley Druckenmiller’s Duquesne Family Office bought 1.68 million shares in VanEck Vectors Oil Services ETF in the second quarter, the third-biggest addition to its portfolio in the…
Shelf Drilling, which describes itself as world’s largest offshore jack-up rig owner, has seen an uptick in jack-up rig utilisation this year and expects jack-up rig demand to pick up further. The company which, according to its quarterly presentation, had 28 contracted and 8 available…
