January 2, 2020
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BP
Vice President: BP transferred over $135B to SOFAZ
BAKU, Azerbaijan, Dec. 16 By Samir Ali - Trend: Of course, Azerbaijan mainly achieved success thanks to the correct and decisive oil and gas policy, BP Vice President Bakhtiyar Aslanbayli told Trend on Dec. 16 within the video project entitled "PREZIDENT. Musteqillik. Tehlukesizlik. Rifah". "Big projects implemented under the authorship of Azerbaijani President Ilham Aliyev over these years have improved the country's credibility in the world and strengthened the Azerbaijani economy," the BP v
Trend.Az 2019-12-13  
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BP Makes Large Gas Discovery Offshore West Africa | OilPrice.com
BP has found high quality natural gas reservoirs in all three wells it has recently drilled offshore Senegal and Mauritania in West Africa, the UK oil and gas supermajor said on Monday. In recent months, BP and its partner Kosmos Energy have drilled three appraisal wells offshore Mauritania and Senegal and found gas in all nine zones. At the end of October, Kosmos Energy announced a major gas discovery in the Orca-1 appraisal well offshore Mauritania in the BirAllah area, continuing the 100-per
OilPrice.com 2019-12-16  
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Reliance, BP pay $36 million for exit of Niko in KG-D6 block
In a statement, Niko said it has exited from the KG-DWN-98/3 block and its 10% stake has been taken over by Reliance and BP. Reliance Industries and UK's BP plc paid $36 million to get their defaulting Canadian partner Niko Resources to exit from the eastern offshore KG-D6 block. In a statement, Niko said it has exited from the KG-DWN-98/3 block and its 10% stake has been taken over by Reliance and BP. The firm was paid $36 million to settle an arbitration it had initiated against Reliance and
The Hindu 2019-12-27  
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BP and Chevron pour $116.5m into oil and gas exploration in Australia
Both groups previously pulled out of exploration in the Great Australian Bight Energy companies BP and Chevron have committed $116.5 million to oil and gas exploration, with at least half to be directed to projects in South Australia. Federal Resources Minister Matt Canavan and South Australian Minister for Energy Minister Dan van Holst Pellekaan have jointly announced the spending following the conclusion of negotiations with both groups after they pulled out of exploration in the Great Austra
Daily Mail Online 2019-12-19  
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BP Agrees $625M Sale Of North Sea Assets To One Of U.K.'s Most Indebted Oil Companies
I cover commodities, mostly oil & gas, often debunking risk premiums. Oil giant BP (LON:BP) sprung a surprise on Tuesday (January 7) by announcing the sale of some of its iconic North Sea assets to Premier Oil (LON:PMO), one of the U.K.'s most indebted oil and gas companies. The deal worth £474 million ($625 million) will see a package of North Sea assets, including the Andrew platform and BP's controlling stake in five surrounding fields, as well as its minority stake in the Shell-operated Sh
Forbes 2020-01-07  
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BP Ventures sets sights on Chinese energy management AI market with $3.6m investment
BP inks deal with R&B as oil giant continues to beef up its presence in the fast expanding energy management market BP Ventures has made a foray into the fast expanding artificial intelligence (AI) market in China with a $3.6m investment in energy management specialist R&B, the firms announced this morning. R&B's energy management systems apply AI analytics to predict, control and improve a building's energy use. According to the company, its Software-as-a-Service platform processes data on the
http://www.businessgreen.com 2020-01-08  
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Shell
Shell Aviation/World Energy partner to supply sustainable aviation fuel
Shell Aviation and World Energy have announced a multi-year collaboration to develop a scalable supply of sustainable aviation fuel (SAF), the companies said. Under the collaboration, both companies acknowledge that the path to lower carbon emissions in aviation requires long-term commitment and collaboration. As part of the collaboration, Shell Aviation and World Energy also announced that they have initiated the supply of SAF to Lufthansa Group at San Francisco International Airport (SFO). Th
Financial News 2020-01-08  
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Extinction Rebellion occupy Shell gas rig in Dundee Harbour
Environmental activists have occupied a Shell gas rig in Dundee Harbour. Extinction Rebellion Scotland activists have boarded a Shell gas rig currently parked in Dundee Harbour, which is destined for the North Sea. They have scaled the towers and intend to stay up there for as long as possible to stop the rig leaving the harbour, and to halt the rig's operations. Jo, 34, a gardener from Edinburgh said: "I am doing this for my niece Ivy, who is an incredible little human. I don't want to say to
The Scotsman 2020-01-06  
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Shell wins auction for Guyana's first three crude oil cargoes
GEORGETOWN (Reuters) - Royal Dutch Shell won the rights to market Guyana's first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers. An Exxon Mobil-led consortium, which includes Hess Corp and China's CNOOC Ltd, began producing crude from the Liza well on Friday. The companies have discovered more than six billion barrels of recoverable oil and gas in a massive offshore
Reuters 2019-12-24  
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Shell sets off new round of oil price hike
The oil distributors are expected to raise the price of diesel and kerosene by P0.40 and P0.60 per liter, respectively, effective Tuesday to reflect the movement of prices in the international market. Pilipinas Shell Petroleum Corp. announced it will raise the price of diesel by P0.40 per liter and kerosene by P0.60 per liter, but will not adjust gasoline prices starting 6 a.m. on Dec. 17. "Expect fuel prices to have minimal movement next week [Dec. 17 to 23]. Diesel should increase by P0.25 to P
Manila Standard 2019-12-14  
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Shell reveals it paid no UK corporate income tax in 2018
Royal Dutch Shell paid no corporate income tax in the UK in 2018 despite the oil and gas group generating pre-tax profits of nearly $731m, after receiving tax refunds related to the decommissioning of North Sea oil platforms. The figures, published in a report by the Anglo-Dutch company showing a global breakdown of payments, come after it said it would voluntarily disclose how much tax it pays in each country as part of a broader transparency drive. Dismantling oil and gas rigs and other infra
Financial Times 2019-12-16  
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Shell sells last of its Haynesville position
Royal Dutch Shell is officially moving out of the gassy Haynesville shale after selling its last package of acreage to a private Houston firm. Houston-based Castleton Resources, which primarily focuses on the Haynesville in East Texas and Louisiana, will scoop up about 55,000 net acres from Shell that's currently producing more than 100,000 cubic feet of natural gas per day. The companies are not revealing the sale price. Shell previously sold most of its Haynesville position five years ago, bu
Houston Chronicle 2019-12-30  
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Shell Keeps Spending Constrained Amid Concern About Buybacks
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. Royal Dutch Shell Plc expects capital expenditure to be near the lower end of the $24 billion to $29 billion range in 2019, as the company keeps a lid on spending amid concern about its ability to sustain hefty shareholder returns. The statement on fourth-quarter earnings published on Friday comes after Shell's previous set of bumper profits was overshadowed by a warning about the pace of share buyback
Bloomberg Business 2019-12-20  
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Total S.A
Oil group Total to pay $100 million bonus as part of Apache Suriname deal
PARIS (Reuters) - French oil company Total said on Monday that it would pay a bonus of $100 million as part of its previously announced deal with U.S. peer Apache to develop an offshore block off Suriname. © Reuters/STEPHANE MAHE The logo of a French oil giant Total is seen at the refinery in Donges "Total is pleased with this significant entry in Suriname where Total will become the operator and bring its deepwater expertise. The new license expands our positions in the Guyana-Suriname Basin,
MSN International Edition 2019-12-23  
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Newest oil discovery is 'significant'
Power The Future founder and executive director Daniel Turner says the U.S. can withstand any possible threats Iran poses since our country is energy dependent. Apache Corporation and Total S.A. have made a "significant" oil discovery off the coast of Suriname - the second in the region in less than a month. Shares of Houston-based Apache soared on the news and were on track for their biggest daily gain since September 1973. Paris-based Total was little changed. "Preliminary formation evaluati
Fox Business 2020-01-07  
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Chevron
U.S. oil major Chevron pulls staff from northern Iraq - Firstpost
HOUSTON (Reuters) - Chevron Corp removed its expatriate staff operating in northern Iraq as a security precaution, a spokeswoman said on Monday, joining other oil companies pulling staff following the U.S. killing of an Iranian general in the country. U.S. officials last week called for American citizens to leave Iraq hours after a drone strike killed Iranian Quds Force leader Qassem Soleimani and Iraqi militia commander Abu Mahdi al-Muhandis. Chevron said a small contingent of expatriate emplo
Firstpost 2020-01-06  
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NUPENG suspends strike after Chevron recalls sacked staff - Vanguard News
Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its nationwide strike slated to begin on Wednesday after Chevron Nigeria Limited (CNL) agreed to recall its members sacked on New Year day. According to the agreement reached by the parties at a two-day meeting convened by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Kyari Mele, in Abuja, CNL was given three weeks to reinstate the workers, while NUPENG was asked to call off its actions
Vanguard 2020-01-06  
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Exxon, Chevron face new round of shareholder climate resolutions
LONDON (Reuters) - An activist group is increasing the pressure on five big U.S. and European oil companies with shareholder resolutions urging them to meet the Paris climate goals and cut carbon emissions. Dutch group Follow This is targeting U.S. giants ExxonMobil, Chevron and their European rivals Royal Dutch Shell, BP and Equinor with climate resolutions ahead of next year's annual general meetings (AGMs) scheduled for the first half of 2020. Follow This owns minor stakes in the companies w
Reuters 2019-12-15  
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Egypt awards oil and gas exploration concessions to Chevron, Shell and Mubadala
North African state looks to repeat successful Eastern Mediterranean gas finds in the Red Sea Egypt awarded US oil major Chevron, Anglo-Dutch Shell and Abu Dhabi's Mubadala rights to explore for oil and gas in the Red Sea, as the North African state expands its search for new hydrocarbon reserves. Egypt, which launched the first-ever licensing round in the Red Sea earlier this year, awarded one block each to Chevron and Shell and the third jointly to the Anglo-Dutch firm and Mubadala. The conce
The National 2019-12-29  
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Entities Covered : BP,Chevron,Royal Dutch Shell, Total S.A.
Time Range : December 2019 - January 2020
   
   
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