Posts filtered on Tag


(Simon Dawson/Bloomberg)

Scrapping 150 projects, Big Oil could become “structurally impaired”

Blindsided by a brutal downturn, oil companies have scuttled plans for scores of costly energy projects.
(Andrey Rudakov/Bloomberg)

Shell’s BG deal cleared by Australian competition regulator

Shell’s takeover has already won key regulatory approvals from the U.S., the European Union and Brazil.
(Matthew Lloyd/Bloomberg)

BP’s drilling plan offshore Australia turned back by regulator

BP is seeking to drill in the Great Australian Bight, a remote region the company has described as “pretty much the last big unexplored basin in the whole world.”
Shell's executive vice president for the Arctic, Ann Pickard, stands in front of the massive legs of the Transocean Polar Pioneer while it is being loaded with supplies in Seattle. Shell Oil Co. plans to use the Polar Pioneer and the Noble Discoverer to bore two exploratory oil wells in its Burger Prospect in the Chukchi Sea, about 70 miles northwest of the Alaska coast. Pickard, 60, took over Shell's Arctic portfolio in 2013 -- the latest step in a long career that included a three-year stint in Australia and five years heading Shell's interests in Nigeria.  (Jennifer A. Dlouhy / The Houston Chronicle)

Shell’s top Arctic exec is retiring, will join KBR board

Shell ended its $7 billion Arctic venture after the exploratory well it drilled in Alaskan waters of the Chukchi Sea failed to find significant amounts of oil and gas.
Michael O'Mara

Despite Australian scrutiny, Halliburton confident Baker Hughes deal will get done

Halliburton said it’s confident that the $35 billion takeover of Baker Hughes will withstand scrutiny by Australian regulators.
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP CEO Mackenzie sees pay cut nearly in half after commodities collapse

Supply gluts and forecasts for the slowest growth since 1990 in China have sent the price of raw materials plunging.
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP Billiton CEO makes plea for oil exports

Ending the oil export ban makes good economic sense, BHP Billiton CEO Andrew Mackenzie told business leaders in Washington. But it also would “show the world that the U.S. remains committed to economic freedom and the promotion of global growth.”
Aubrey McClendon, owner of American Energy Partners (F. Carter Smith/Bloomberg)

McClendon’s American Energy to buy 55 million acres in Australia

Aubrey McClendon’s company American Energy Partners has struck four separate deals to buy 55 million acres in the McArthur Basin in Australia’s Northern Territory and is working to secure another 10 million acres there, according to an internal company memo obtained by Fuelfix.
(Photo: Woodside Petroleum)

Woodside Petroleum offers $8.1 billion for Oil Search

Companies have announced $172 billion of oil and gas acquisitions this year, up from $123 billion a year earlier, data compiled by Bloomberg show.
Liquefied natural gas export terminals including Cheniere Energy's $18 billion Sabine Pass facility nearing completion  in Cameron Parish, Louisiana,  should boost demand for U.S. natural gas. (Cheniere Energy photo)(Cheniere Energy)

Gas exports from Iran, Egypt seen threatening U.S. ambitions

Projects from North America to East Africa and Australia may be impacted as Iran progresses with its “supergiant” South Pars gas field and after Eni SA’s discovery of massive resources offshore Egypt.