Posts filtered on Tag
Houston-based FMC Technologies landed an $180 million contract to design, manufacture and supply subsea production systems for a project offshore Western Australia, the company announced.
The anticipated move by the commission leaves Halliburton fighting antitrust reviews in both the U.S. and Europe as the proposed merger continues to face doubts and delays. The European Commission review could last as late as May 26 — well past the extended April 30 deadline for receiving approval from the U.S. Department of Justice.
The shipment is among the first in a wave of liquefied natural gas projects that are coming online even as low oil prices have dragged down the value of natural gas on international markets.
The annual scorecard grades 30 oil and gas companies for disclosures on five criteria: toxic chemicals, water and waste management, air emissions, community impacts, and management accountability.
Oil Search tumbled 16 percent at the close in Sydney, the most in seven years, while Woodside slumped to the lowest in a decade.
Blindsided by a brutal downturn, oil companies have scuttled plans for scores of costly energy projects.
Shell’s takeover has already won key regulatory approvals from the U.S., the European Union and Brazil.
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 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.
Halliburton said it’s confident that the $35 billion takeover of Baker Hughes will withstand scrutiny by Australian regulators.