News

(Bloomberg) – Energy-focused private equity firm Kimmeridge is taking a majority ownership stake in the proposed Commonwealth LNG project and naming a former bp Plc executive to lead the venture, marking a major bet on […]

(WO) – Pytheas Energy, Inc announced the addition of three producing oil and gas properties to its growing portfolio: the Andrews Crane asset, the Bakken asset, and the Minerva-Rockdale asset. These represent both working and […]

(Bloomberg) – The chief executive of Barclays Plc said it would be unrealistic for the bank to heed calls from climate extremists for the finance industry to abandon oil and gas clients. Barclays […]

(WO) – Forum Energy Technologies (FET) has secured a contract from a major North American ocean research facility to supply an electric observation-class remotely operated vehicle (ROV). The Mohican ROV system will be […]

(WO) – The arbitration process to determine whether ExxonMobil can block the $53 billion sale of Hess Corp to Chevron is stalled due to the incomplete appointment of a third arbitrator, according to Reuters. […]

(WO) – According to the Guyana Times, ExxonMobil has started appraisal drilling at its Lau-Lau 2 well site in the prolific Stabroek Block offshore Guyana, where it had previously discovered over 300 ft of oil […]

(WO) – Energean has entered into a binding agreement for the sale of its portfolio in Egypt, Italy and Croatia to an entity controlled by Carlyle International Energy Partners for up to $945 million, of […]

(Bloomberg) – There is no longer a single British bank financing the smaller independent oil and gas producers that account for the bulk of production and investment in the North Sea, according to Neptune Energy. […]

Stainless steel components may degrade over time when they are exposed to internal and external factors that cause corrosion, which can cost facilities significant time and money. Deteriorated parts may require repairs or replacement, either […]

(Bloomberg) – The developers of the Golden Pass LNG export facility that’s under construction in Texas warned of additional costs and delays due to the bankruptcy of contractor Zachry Industrial Inc. “Construction of […]