Europe
Exploration & Production , Lease Sales
Norway Proposes Oil Exploration Blocks, None in Barents Sea
All the blocks are offered in the western part of the Norwegian Sea, with interested parties asked to submit comments in a public hearing by May 11, the oil and energy ministry said.
Business , Exploration & Production
Cairn Energy Reduces Senegal, UK Spending Plans
Oil and gas producer Cairn Energy on March 27 reduced investment plans by about a fifth, following the fall of oil prices to less than $30 per barrel.
Public Capital
Big Oil May Have to Break Dividend Taboo as Debt Spirals
The combined debt of Chevron, Total, BP, Exxon Mobil and Shell stood at $231 billion in 2019, just shy of the $235 billion hit in 2016.
Public Capital , Exploration & Production
Shell, Total Slash Spending, Suspend Buybacks
The cuts by Shell and Total mirror recent moves made by other supermajors following a drop in oil prices by more than 60% since January
Public Capital , Technology , Acquisitions & Divestitures
TechnipFMC Delays Spinoff Due To Oil Market Turmoil
TechnipFMC had been planning to separate its engineering and construction activities from its upstream oil services business in the first half of this year.
Public Capital , Exploration & Production , Health, Safety & Environment , Emissions , Renewables , Shale Plays
Big Oil’s Gap Widens: US Oil Boom Vs. Europe’s Renewables Focus?
U.S.-based Exxon Mobil and Chevron this week focused their investor outlooks on sharp growth in oil and gas output, a stark contrast from their European rivals.
Crude Oil , International , Health, Safety & Environment , Emissions
Climate Emergency Dominates London’s Oil Week
Discussions at this year’s IP Week, including from IEA’s Fatih Birol, illustrated the increasing sense of urgency among the oil and gas industry in addressing climate issues.
Trends
Energy A&D Transactions From The Week Of Feb. 26, 2020
Here’s a snapshot of energy deals from the past week including Centennial Resource Development’s $225 million sale of produced water infrastructure in the Permian Basin.
Public Capital , Health, Safety & Environment , Emissions
BP To Quit Western Energy Alliance, Other Trade Groups Over Climate Policies
Western Energy Alliance and two other U.S.-based trade organizations do not “share our ambitious and progressive approach to the energy transition,” says BP CEO Bernard Looney.
Investment , Health, Safety & Environment , Emissions , Renewables
Varying Shades Of Green: Big Oil’s Different Energy Transition Approaches
From renewable power projects to cutting emissions from oil and gas operations, supermajors on both sides of the Atlantic are taking different approaches to going greener.