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.

March 30, 2020

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.

March 27, 2020

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.

March 26, 2020

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

March 23, 2020

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.

March 16, 2020

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.

March 6, 2020

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.

February 26, 2020

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.

February 26, 2020

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.

February 26, 2020

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.

February 24, 2020