Canada — with its abundance of petroleum — has been surprisingly slow exporting gas anywhere other than across the border to the United States.Now, Ottawa is supporting Canada’s first export projects for liquefied natural gas (LNG) with more than words…
Höegh Esperanza, the Floating Storage Regasification Unit (FSRU) unit operated by Norway’s Höegh LNG Holdings, has arrived at the Tianjin LNG terminal in China and started commissioning for FSRU operations.Höegh Esperanza is currently serving…
Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reuters…
Anadarko Petroleum will allocate US$1.1 billion toward its deepwater Gulf of Mexico operations in 2018, the US independent announced on 16 November. During a Q3 2017 earnings call in early November, President and CEO Al Walker said Anadarko…
Cox Oil Offshore has purchased a majority stake in the Gulf of Mexico (GoM) Outer Continental Shelf from Freeport-McMoRan Oil & Gas (FM O&G), a subsidiary of Freeport-McMoRan. The deal includes FCX’s interests in the Flatrock and Hurricane areas of the OCS-310 Tiger Shoal lease…
US deepwater player Anadarko has completed a deal to buy Freeport-McMoRan Oil & Gas deepwater Gulf of Mexico assets and announced two new Gulf of Mexico finds: Warrior and Phobos. Anadarko said the two finds highlighted the value of its…
Anadarko Petroleum posted a net loss of US$830 million in Q3 2016, as the US independent moves forward with its deal with Freeport McMoRan (FCX) and shifts its focus to oil with the deepwater Gulf of Mexico on its priority list. Walker…
Freeport-McMoRan (FCX) plans to merge its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G) with the parent company, after its proposed US$2 billion asset sale to Anadarko Petroleum failed to gain support from the company's lenders…
Rowan Companies is putting a jackup on stand by for Apache Corp., in addition to inking three rig extensions in the Gulf of Mexico, offshore Norway, and Saudi Arabia, according to the company’s latest fleet report. The Rowan Gorilla VII…
Freeport-McMoRan (FCX) paid out a US$540 million settlement to Noble Corp. after canceling two rig contracts operating in the Gulf of Mexico in May. The Noble Sam Croft. Image from Noble Corp…
Freeport-McMoRan Oil & Gas is to pay Rowan Companies US$215 million under an agreement to cut short a rig contract with immediate effect. Freeport had contracted to use the drillship Rowan Relentless up to June 2017. Rowan may also…
US drilling contractor Noble Corporation is due to cold stack two semisubmersibles and warm stack two drillships. In its latest fleet status report, the firm said it is preparing to cold stack the Noble Jim Day, a Bingo 9000 semisubmersible drillship built in 1999…
Noble Corp. struck an agreement with its client, Freeport-McMoRan Oil & Gas (FMOG), and FMOG's parent company, Freeport-McMoRan, in connection with the drilling contracts for the drillships Noble Sam Croft and Noble Tom Madden, which were scheduled to terminate in July and November 2017…
Supermajor Chevron has cut 655 upstream jobs from its Houston workforce, adding to the list of oil and gas companies that have been hit by the low oil prices. John Watson, from Chevron. “In light of the current market environment…
Freeport-McMoRan (FCX) subsidiary Freeport-McMoRan Oil & Gas (FM O&G) has shaken up its workforce with a reorganization that sees four top executives depart the company in a move that will reduce costs, streamline functions, and enhance capital allocation…
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