U.S. oil major Chevron has agreed to buy Noble Energy, in an all-stock transaction valued at $5 billion, or $10.38 per share. Based on Chevron’s closing price on July 17, 2020 and under the terms of the agreement, Noble Energy shareholders will receive 0…
The chief executive of U.S. oil giant Chevron Corp on Monday said the uncertainty of the COVID-19 pandemic has it planning for 'choppy' oil prices and economic activity globally.Chevron said on Monday it would buy oil and gas producer Noble Energy Inc for about $5 billion in stock…
Oil prices fell more than 2% on Tuesday on worries that new clampdowns on businesses to stem surging U.S. coronavirus cases could threaten fuel demand recovery and expectations that OPEC+ might ease output cuts from August in an upcoming meeting…
The first onshore line of TurkStream, the pipeline that carries Russian gas to Turkey, will undergo maintenance from July 27 to Aug. 10, operating company BOTAS said on Tuesday.The pipeline project, stretching 930 km (580 miles) across the Black Sea…
The Norwegian Export Credit Guarantee Agency GIEK has quadrupled its offshore wind portfolio to NOK 4.2bn (USD 453m) since the tail end of last year, and is ready to provide a further boost for local suppliers to secure more offshore wind business internationally…
The UK-based operator of Remotely Operated Vehicles Rovco has chartered the Glomar Wave vessel from Glomar Offshore to support its work on offshore wind farms.Rovco said the 66.44m DP2 vessel would support a campaign of secured ROV projects to be undertaken by Rovco…
French energy company Total is seeking to sell its 25.7% stake in the Shearwater Elgin Area Line (SEAL) natural gas pipeline in the British North Sea, industry sources said.The sale could raise about $200 million, one of the sources said.Total…
Ireland-based oil and gas company Providence Resources has said it is progressing farm-out talks with SpotOn Energy over its offshore block containing the Barryroe discovery.London-listed Providence said Monday that SpotOn Energy had confirmed…
The global economy will not achieve a V-shaped recovery after the coronavirus epidemic, which will curtail oil and gas demand for years, Royal Dutch Shell's chief executive said.Ben van Beurden told an online interview with IHS Markit Chairman…
Norwegian oil company OKEA has agreed to buy Equinor's stake in the Aurora gas discovery in the North Sea, offshore Norway for an undisclosed amount.OKEA will acquire Equinor’s 40% operated working interest in PL195 and PL195 B, which contain the Aurora discovery…
Norwegian drilling contractor Odfjell Drilling has taken over platform drilling and maintenance operations at ConocoPhillips' Ekofisk Area in the North Sea, offshore Norway.The move follows a contract signed between the two parties in December…
Poland laid out plans on Tuesday to merge four of its largest energy groups in a move the government hopes will create a player able to compete in international oil, gas and electricity markets.PKN Orlen, the country's largest refiner on Tuesday…
Danish offshore wind power giant Ørsted will not be building an interconnection facility at the Fenwick Island State Park in Delaware, for the 129MW Skipjack offshore wind farm, as previously planned.A year ago, Ørsted signed a non-binding memorandum…
Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.Slower growth will intensify…
Oil majors Eni and Royal Dutch Shell were aware that most of the money they spent to buy a Nigerian oilfield in 2011 would go in corrupt payments to politicians and officials, a prosecutor said on Thursday.'They were kickbacks. And Eni and Shell knew it…
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