By Tyler Losier, Energy Reporter, Oil & Gas 360 The staggering size of Aramco: Saudi Arabia’s state-owned oil company In 1933, the government of Saudi Arabia signed a concession agreement with the Standard Oil Company of California, creating an entity known as the California Arabian Standard Oil Company. Two years later, drilling began, and in 1938, famed geologist Max Steineke
By Tyler Losier, Energy Reporter, Oil & Gas 360 Daryl Schofield named EVP of business development at Delek US Holdings Delek US Holdings (stock ticker: DK), a downstream subsidiary of the Israeli-based Delek Group, has hired Daryl Schofield as the company’s new executive vice president of business development. Schofield, who will join Delek this August, has more than 35 years
From Reuters India’s state-run Mangalore Refinery and Petrochemicals Ltd (MRPL) has made its first purchase of U.S.-produced Thunder Horse crude oil via a tender for mid-October delivery, its managing director M. Venkatesh said on Friday. “The price offered was very competitive,” Venkatesh said. The state-run refiner placed an order to buy 1 million barrels of the sour oil, he said.
By Tyler Losier, Energy Reporter, Oil & Gas 360 Alaska Gasline Development Corporation receives FERC input for large proposed gas export project Last Friday, the Federal Energy Regulatory Commission (FERC) published its draft environmental impact statement (EIS) for Alaska Gasline Development Corporation’s Alaska LNG project, concluding that construction and operation would result in temporary, long-term and permanent impacts on the
By Tyler Losier, Energy Reporter, Oil & Gas 360 Woodfibre LNG to deliver 0.75 Mtpa over 15-year period Woodfibre LNG, a wholly owned subsidiary of Pacific Oil & Gas Limited, has signed a binding sales and purchase agreement with BP Gas Marketing Limited, a wholly owned subsidiary of BP (stock ticker: BP), for the delivery of 0.75 Mtpa of LNG
By Tyler Losier, Energy Reporter, Oil & Gas 360 Comstock acquires Covey Park Energy for $2.2 billion Dallas Cowboys owner Jerry Jones and company made a deal to acquire a young, up-and-coming player last Friday, but the deal had nothing to do with football. Rather, it involved Haynesville producer Comstock Resources (stock ticker: CRK), of which Jones is a majority
Cheniere, BP are the sellers From Reuters SOFIA, May 31 (Reuters) – Bulgaria has agreed to buy U.S. natural gas for the first time, signing a deal for a delivery in the second quarter and another in the third, the Bulgarian energy minister said on Friday. Dutch-registered trader Kolmar NL will deliver a 90 million cubic metre (mcm) cargo of
Activist to Dudley: immediately end oil exploration and switch to 100% renewables, or wind down the company; last month’s target was Shell From Reuters LONDON (Reuters) – Greenpeace activists blocked the entrance to BP’s London headquarters on Monday, demanding one of the world’s biggest energy companies end all new oil and gas exploration or go out of business. Greenpeace activists
BP recently created BP Launchpad as a business incubator From the Houston Chronicle BP is getting into the startup business launching its own well technology business, called Lytt, with [other tech startups] on the way. BP developed the acoustic, fiber-optics technology a couple of years ago to help identify sand interference in its offshore wells and the British energy supermajor
From Reuters BP Plc on Monday announced new production units in the Gulf of Mexico, enhancing its standing as the largest producer there at a time when rival global oil majors are scrambling to expand vast U.S. onshore shale drilling. Britain-based BP will add two new subsea production units about two miles (3.2 km) south of its existing giant Thunder
From Reuters European oil major BP plans to exit from two production sharing contracts (PSC) for projects drilling for shale gas in the southwestern Chinese province of Sichuan, three sources with the knowledge of the matter said this week. BP is the last of the international oil majors, including Royal Dutch Shell, Exxon Mobil, ConocoPhillips and ENI, to quit exploring
From Bloomberg In the cutthroat game of global capitalism, there can be only one winner. Unless you’re an oil company. Both BP Plc and Royal Dutch Shell Plc are claiming the top spot for investor returns within their peer group from 2016 to 2018. That’s an important metric — taking first place was a significant element in the doubling of Shell Chief Executive Officer Ben van
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