With more than $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization.
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lobal oil and gas major BP has published its master sales and purchase contract templates for its liquefied natural gas (LNG) trading business and says it is the first of its peers to do so.
When the price rises too high, Trump pushes OPEC to bring them lower.
President Donald Trump told workers on Aug. 13 at a $6 billion petrochemicals plant being built in western Pennsylvania that more big U.S. energy projects were coming as his administration rolls back environmental regulations.
Nominate military veterans who demonstrate leadership and make significant contributions to the energy industry through the roles they play fulfilling a company’s mission or advancing its long-term success.
E.ON said it had had already sold nearly half of the subscription rights for the 440-megawatt wind farm to Austin Energy, the Texas city’s community-owned electric utility.
Australia's largest oil and gas company, Woodside Petroleum, on Aug. 15 posted a smaller half-year profit and cut its interim dividend, mainly due to extended maintenance period at its Pluto LNG facility, which led to production delays.
The divestiture of the East Texas Pipeline follows a strategy set forth by Martin Midstream last year to delever the balance sheet and simplify its portfolio through noncore asset sales.
Weatherford's Vero automated connection integrity system, which applies AI to validate well integrity with absolute certainty and minimize safety risks, has completed 15,000 tubular connections in 50 operations worldwide since its market debut.
Seadrill and Gulf Drilling International (GDI) have formed a jointly owned rig firm to conduct exploration on behalf of Qatar Petroleum from 2020 to 2024, Seadrill said late on Aug. 15.
E&Ps established viable economics for Powder River tight sand plays during the past half-decade. In 2019, they plan to do the same for source-rock Niobrara and Mowry shales.
Powder River Basin exploratory tests, Continental Resources Meramec well and an offshore Norway discovery top this week’s drilling activity highlights from around the world.
With second quarter results hitting the wires, a few key items are weighing on shalers: layoffs, reductions in capital spending and less than exciting well results.
The financing was provided by Anvil Capital, a New York-based firm aiming to be an alternative capital solution for E&Ps in the current capital-constrained environment.
JL Resources retained the Oil & Gas Asset Clearinghouse for the sale of nonop interest in a producing Oklahoma property in Blaine County with bids due Sept. 5.
An affiliate of Raisa Energy retained EnergyNet for the sale of Wolfcamp Shale assets within the Permian Basin in Reeves County, Texas, through an auction closing Aug. 28.
Sierra Resources retained Detring Energy Advisors for the sale of a roughly 24,000 net-acre contiguous, operated position in the liquids-rich Olmos trend in La Salle and McMullen counties, Texas.
As the industry sets climate-related goals, energy leaders will need to balance investor interests and develop a sound reporting framework.
Last-minute application to seize oil vessel is rejected by territory’s supreme court.
The Iranian vessel was seized on July 4, with Iran accused of violating sanctions by shipping oil to Syria.
Frontline and Golden Ocean will acquire 15% and 10% interests in the joint venture respectively, while commodity trader Trafigura will contribute its existing physical bunkering activities and own the remaining 75%.
Company will build two pipelines for ethane steam cracker to deliver to Markham, Texas.
NuStar plans to load the shipment this weekend, following completion of the Cactus II pipeline system.